File image: IOL

The South African currency traded in a narrow range but surrendered some recent gains due to broad US dollar strength. On the data front, better-than-expected South African merchandise trade balance data for August offered the currency some support. At the close of local trade, the rand quoted 0.4 percent weaker at R14.14/$, after trading in the range of R14.08/$ - R14.26/$. The rand traded flat this morning. Expected range today R14.05/$ - R14.35/$.

South African bourse

The JSE All Share (-0.5 percent) ended lower on Friday dragged by losses in large general retail (-1.8 percent) and local property (-0.8%) shares. In the overall emerging market sphere, the MSCI Emerging Market Index (-0.3 percent) traded lower. In local news, Steinhoff (-4.2 percent) shares continued to tumble after large local asset managers agreed to join Dutch litigation against the crisis-hit retailer. Naspers (-0.9 percent) followed its affiliate company Tencent lower, which has become one of the Hang Seng's worst performing stocks.

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

- BUSINESS REPORT ONLINE