Economy

Rand gains in volatile holiday trade

Date: Dec 27, 2024

The South African Rand gained in volatile holiday-thinned trade on Friday after posting losses for the previous two days.

The Rand traded at 18.66 against the Dollar at 09:30 CAT, about 1.1% stronger than its previous close.

The currency lost about 1% against the dollar over Wednesday and Thursday, the Christmas Day and Boxing Day public holidays.

The Johannesburg Stock Exchange's Top-40 index was little changed.

The benchmark 2030 government bond was marginally firmer, with the yield down 1.5 basis points at 9.025%.

--Reuters--

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