Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Euro under pressure ahead of the tariff letter

July 11, 2025

Tech war: Stanford-educated expert leads China’s new semiconductor school with YMTC support

July 11, 2025

Pakistan, Vietnam to initiate talks on Preferential Trade Agreement this year – Business & Finance

July 11, 2025
Facebook X (Twitter) Instagram
Friday, July 11
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » South African rand slips as investors wait for another revised budget – Markets
Economist Intelligence

South African rand slips as investors wait for another revised budget – Markets

adminBy adminApril 29, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 44


JOHANNESBURG: The South African rand weakened slightly in early trade on Tuesday as investors waited for the finance minister to say when he will present another revised national budget.

Finance Minister Enoch Godongwana has to make further adjustments after scrapping a contentious hike in value-added tax (VAT) that was fiercely opposed across the political spectrum.

The high court on Sunday issued an order suspending the VAT hike and setting aside the adoption of the fiscal framework, paving the way for Godongwana to table new budget instruments in parliament.

At 0741 GMT, the rand traded at 18.57 against the dollar , down 0.43% on its previous close.

Wrangling over the 2025 budget has been the biggest test yet of the Government of National Unity coalition formed last year when the African National Congress lost its parliamentary majority in an election.

Godongwana initially proposed a two percentage-point hike in VAT in a February budget that was postponed at the last minute because of disagreements in the coalition.

South African rand firms, markets await clarity on tariffs and local politics

He watered that down to a one point VAT increase spread over two years in an amended March budget, but most political parties continued to reject the plan and last week Godongwana caved to pressure to withdraw it.

No major domestic economic data releases are expected on Tuesday, but on Wednesday March credit extension, budget and trade figures are scheduled for release.

The benchmark 2030 government bond was marginally stronger in early deals, as the yield fell 5 basis points to 8.815%.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

Pakistan, Vietnam to initiate talks on Preferential Trade Agreement this year – Business & Finance

July 11, 2025
Economist Intelligence

Pakistan, Russia ink agreement to modernise PSM – Business & Finance

July 11, 2025
Economist Intelligence

PCDMA slams FBR over unilateral e-invoicing rollout – Business & Finance

July 10, 2025
Economist Intelligence

‘Pakistan-Bangladesh trade will soon reach $1bn mark’ – Business & Finance

July 10, 2025
Economist Intelligence

Forex reserves cross $20bn mark after three years – Business & Finance

July 10, 2025
Economist Intelligence

Household appliances sector: Tribunal upholds CCP’s order against price fixing – Business & Finance

July 10, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Pakistan, Vietnam to initiate talks on Preferential Trade Agreement this year – Business & Finance

July 11, 2025

Pakistan, Russia ink agreement to modernise PSM – Business & Finance

July 11, 2025

PCDMA slams FBR over unilateral e-invoicing rollout – Business & Finance

July 10, 2025

‘Pakistan-Bangladesh trade will soon reach $1bn mark’ – Business & Finance

July 10, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Euro under pressure ahead of the tariff letter
  • Tech war: Stanford-educated expert leads China’s new semiconductor school with YMTC support
  • Pakistan, Vietnam to initiate talks on Preferential Trade Agreement this year – Business & Finance
  • Gold extends gains after Trump’s tariffs
  • Shougang Lanzatech delays Hong Kong IPO again due to dispute with JV partner

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Euro under pressure ahead of the tariff letter

July 11, 2025

Tech war: Stanford-educated expert leads China’s new semiconductor school with YMTC support

July 11, 2025

Pakistan, Vietnam to initiate talks on Preferential Trade Agreement this year – Business & Finance

July 11, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.