In early trade the rand was at R19.40 to the dollar.
The rand was weaker in early trade on Monday as violence in the Middle East stoked risk aversion in global markets while domestic focus is on the release of national census due out this week. At 0705 GMT, the rand traded at R19.40 against the dollar. The safe-haven dollar last traded around 0.25% stronger against a basket of global currencies.
South Africa’s statistics agency will on Tuesday release data from the country’s 2022 census, the fourth population and housing survey in post-apartheid South Africa and the first in over a decade. It is expected to give a comprehensive analysis of the economy that will help improve planning and development in Africa’s most industrialised economy.
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