JOHANNESBURG, Oct 28 (Reuters) - South Africa's rand edged lower on Monday, as investors await Wednesday's mid-term budget review - the first under the coalition government formed in June.

At 1501 GMT, the rand traded at 17.7075 against the U.S. dollar , down 0.2% from its previous close.

Finance Minister Enoch Godongwana's budget policy statement to parliament will include an update on the health of public finances midway through the fiscal year.

A Reuters poll of economists published last week predicted that Godongwana will announce a lower 2024/25 budget deficit estimate than was given in February's main budget, but fiscal challenges are expected to slow consolidation efforts next year.

"Although this is not a policy-setting event, any indication of credible fiscal reforms would support market confidence and the rand," Andre Cilliers, currency strategist at TreasuryONE, said in a note.

Other domestic data releases this week include September credit extension and money supply data (ZACRED=ECI) , opens new tab, (ZAM3=ECI) , opens new tab on Tuesday, September producer inflation (ZAPPIY=ECI) , opens new tab and trade balance data (ZATBAL=ECI) , opens new tab on Thursday, and October vehicle sales figures (ZAVEHY=ECI) , opens new tab on Friday.

On the stock market, the Top-40 (.JTOPI) , opens new tab index closed 0.6% higher.

South Africa's benchmark 2030 government bond was marginally weaker, with the yield up 0.5 basis points to 9.29%.

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https://www.reuters.com/markets/currencies/south-african-rand-flat-mid-term-budget-weeks-highlight-2024-10-28/