Economy

Rand weaker before Q1 current account data

Date: Jun 5, 2025

The South African (SA) Rand was weaker in early trade on Thursday, ahead of local first-quarter current account data.

The Rand traded at 17.8425 against the Dollar , about 0.2% weaker than Wednesday's close. 

The SA Reserve Bank will publish the country's first-quarter current account data. 

Analysts polled by Reuters expect a deficit of 0.9%, wider than the 0.4% deficit reported in the previous quarter. 

Nedbank economists in a research note also forecast a wider shortfall, saying the first three months of 2025 likely recorded a smaller trade surplus as exports slowed slightly and imports increased. 

"The non-trade deficit probably also deteriorated as the rise in income receipts failed to offset the higher income payments," said the note. 

SA's benchmark 2035 government bond was marginally stronger in early deals, as the yield fell 0.9 basis points to 9.991%. 

--Reuters--

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