Johannesburg - The rand edged lower against the dollar on Thursday, erasing gains made the previous day after Eskom declared a fresh power emergency and blackouts started for the first time in six years.
The rand was at 10.7155 to the dollar at 06:43 GMT, down more than 0.5% from Wednesday's New York close.
An easing of tensions between Ukraine and Russia in the last few days has buoyed the rand and other risky assets.
However, Eskom's rolling blackouts could hit sentiment towards Africa's biggest economy and drag the rand lower.
Load-shedding caused misery for millions of South Africans during a severe power crunch in 2008, which cost the economy billions in lost output.
The yield on the 2026 government bond was 1.5 basis points lower at 8.55%, while that on the 2015 paper declined 3 basis points to 7.05%.
The rand was at 10.7155 to the dollar at 06:43 GMT, down more than 0.5% from Wednesday's New York close.
An easing of tensions between Ukraine and Russia in the last few days has buoyed the rand and other risky assets.
However, Eskom's rolling blackouts could hit sentiment towards Africa's biggest economy and drag the rand lower.
Load-shedding caused misery for millions of South Africans during a severe power crunch in 2008, which cost the economy billions in lost output.
The yield on the 2026 government bond was 1.5 basis points lower at 8.55%, while that on the 2015 paper declined 3 basis points to 7.05%.