https://newsletter.en.creamermedia.com
Africa
Africa
africa

South African rand steady but tariff concerns linger

6th August 2025

By: Reuters

  

Font size: - +

The South African rand was steady in early trade on Wednesday, with investor focus still pinned on tariff updates before Washington's deadline.

At 0724 GMT, the rand traded at 17.88 against the dollar, barely changed from Tuesday's close.

"The rand is trading below the R17.90 level this morning as it continues to recover from Monday's tariff-driven blowout and strong dollar," said Andre Cilliers, currency strategist at TreasuryONE.

This week's major focus for the country is whether it can negotiate a better trade pact as it faces a 30% duty on goods exported to the US, the highest rate among Sub-Saharan African countries.

The dollar last traded flat against a basket of currencies as investors held back from making big bets ahead of US President Donald Trump's decision on appointments to the Federal Reserve.

Trump on Tuesday said he would soon announce a short-term replacement for Fed Governor Adriana Kugler, who announced her resignation on Friday, as well as his pick for the next Fed chair.

"The USD is losing its exceptionalism and is steadily finding itself on the defensive, allowing other currencies to make up lost ground," said ETM Analytics in a research note.

The Johannesburg Stock Exchange's Top-40 index was up 0.6%

South Africa's benchmark 2035 government bond was weaker in early deals, as the yield rose 3 basis points to 9.705%.

Edited by Reuters

Comments

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (29/08/2025)
29th August 2025 By: Martin Creamer
Magazine round up | 29 August 2025
Magazine round up | 29 August 2025
29th August 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.095 0.189s - 206pq - 2rq
Subscribe Now