CAPE TOWN: South Africa’s rand weakened against the U.S. dollar in early trade on Tuesday, weighed down by a firm greenback and continued concerns that the finance minister could be facing imminent arrest. At 0640 GMT, the rand traded at 14.4500 per dollar, 0.24 percent weaker from its New York close on Monday. Rand weighed down by lingering uncertainty over whether Finance Minister Pravin Gordhan faces arrest.
Investors eyeing U.S. jobs data on Friday, with expectations of an increase in numbers, plumping speculation that an interest rate hike could follow good numbers. U.S. personal income and real consumption figures for July to be released on Tuesday. Government bonds yields rise, with the 2026 benchmark adding 3 basis points to 9.040 percent.