georgemiller
Publish Date: Fri, 29 Nov 2024, 07:20 AM

JOHANNESBURG, Nov 29 (Reuters) - South Africa's rand firmed on Friday, despite a slew of month-end local economic data releases which painted a mixed picture.
The rand traded at 18.0325 against the dollar by 1506 GMT, about 0.4% stronger than its previous close.
South Africa's budget deficit widened to 46.08 billion rand in October, National Treasury data showed, it while trade surplus increased slightly to 14.63 billion rand in the same month, according to revenue service figures.
South Africa's M3 money supply (ZAM3=ECI) , opens new tab growth last month was at 7.79%, up from 7.25% in September. Credit growth (ZACRED=ECI) , opens new tab for October came in at 4.26%, from 4.63% in the previous month, central bank data showed on Friday.
On the stock market, the Top-40 (.JTOPI) , opens new tab index closed 0.33% lower.
South Africa's benchmark 2030 government bond was stronger, with the yield down 5.5 basis points to 8.915%.
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https://www.reuters.com/markets/currencies/south-african-rand-firms-ahead-key-economic-data-2024-11-29/