South Africa’s rand traded a touch firmer against the dollar on Wednesday morning.
SA recorded a second consecutive trade surplus in April even as exports of precious metals and stones and other mineral products fell.
Asian stocks were on a weak footing on Wednesday as a slip in crude oil prices dampened investors' appetite for riskier assets.
The S&P 500 wrapped up its third straight month of gains on a flat note on Tuesday as weaker energy shares countered a rise in safe-haven utilities.
Shares in companies that benefit from rand weakness drove the South African benchmark index higher on Tuesday.
Benchmark iron ore prices are headed for the biggest monthly loss since 2012.
As South Africa braces for a possible credit downgrade, local companies are finding the bond market an unfriendly place.
Zimbabwe's central bank will start circulating local bank notes in October - but the country will also use the dollar and other foreign currencies.
SA’s rand holds steady on Tuesday morning, recouping the previous session's losses against the dollar.
A recovery in the oil price to around $50 has eased pressure on OPEC to turn down the taps when it gathers in Vienna this week.
Dollar hovers near its highest level in two months against a basket of currencies on Tuesday.
Asian shares recovered from a wobbly start on Tuesday, but remained on track for a monthly loss.
South Africa will be a net importer of corn for the first time since 2008 this year after the worst drought in more than a century.
The prospect of a US interest rate hike coming sooner rather than later prompted investors to avoid strong bets on Monday.
Rand slips in early trade on Monday as fears of a credit downgrade weigh on sentiment.