Johannesburg - The rand weakened on Friday in thin trade with US markets closed for Thanksgiving Day holiday, while stocks were set to edge lower along with emerging market peers.
The JSE's Top 40 futures index was down 0.28%, indicating the index would open 133 points lower.
By 08:45 the rand had weakened 0.13% to R14.3100/$, a fresh one-week low, extending the previous session's losses when the unit retreated more than 1% as emerging market currencies globally took a hit.
With little local data due in the session, combined with the lack of liquidity, traders expected the currency to drift weaker.
"It is fair to say that the US holiday would have contributed to thinner than normal liquidity and exaggerated moves," currency strategist at RMB John Cairns said in a market note.
"Even if we get some gains today, the rand will be going into next week at worrying weak levels."
Government bonds were also weaker, with benchmark issue due in 2026 adding 2.5 basis points to 8.54%.
Rand - Dollar
19.02
-0.4%
Rand - Pound
24.17
-0.3%
Rand - Euro
20.67
-0.4%
Rand - Aus dollar
12.40
+0.2%
Rand - Yen
0.13
+0.3%
Platinum
906.17
-1.9%
Palladium
1,006.16
-5.6%
Gold
2,156.13
-0.2%
Silver
24.93
-0.5%
Brent Crude
86.89
+1.8%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
All JSE data delayed by at least 15 minutes
Government tenders
Find public sector tender opportunities in South Africa here.
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders