File image: IOL
File image: IOL
JOHANNESBURG - The rand was little changed against the dollar during European trade yesterday according to data from NKC Research.

The South African currency was initially supported by continued dollar weakness and somewhat upbeat South African mining production figures for July. However, the rand pared the gains in late trade as the greenback bounced back. At the close of domestic trade, the rand quoted 0.1 percent weaker at R15.15/$, after trading in the range of R15.01/$ - R15.22/$. The rand traded slightly stronger overnight. Expected range today R15.00/$ - R15.30/$.

South African bourse

The JSE All Share (-1 percent), once again ended in the red yesterday dragged by losses in large technology (-3.4 percent) and consumer goods (-2.2 percent) shares. In the overall emerging market sphere, the MSCI Emerging Market Index (-0.8 percent) traded lower. In local news, Naspers (-0.9 percent) ended almost a percentage lower, after Tencent showed renewed weakness amid unsettled Asian markets.


Get the latest market update and top stories from our newsrooms across South Africa, Africa and the world.

The latest Forex news is on hand to help you.

Get the Rand to Dollar rate, Rand to Euro rate and the Rand to Pound rate now.

We also have up to date commodity statistics. The World market news is at your fingertips and the most recent financial news is here too.

Watch the market update below:

Like Business Report on Facebook by clicking here or follow us on Twitter @Busrep.

You can also follow the Business Report on Instagram here