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Rand largely flat

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JOHANNESBURG – South Africa’s rand was mostly flat contrary to the dollar on Friday for the reason that market awaited trade data that will give you a clue over the state on the export sector.

* At 0643 GMT rand trades at 14.1720 to dollar, down just 0.26 % from Thursday’s close.

* Rand off a session most of 14.0800 reached earlier in Friday’s session, its strongest since Nov. 2015.

* Weak economic outlook gonna cap rand gains, with Finance Minister Pravin Gordhan warning development of 4 to 5 percent are not seen for a long time.

* June trade data due at 1200 GMT, 7.2 billion rand surplus expected.

* Local bourse to read up slightly at 0700 GMT, blue chip futures index adds 0.29 percent.

* Government bonds edge higher, yield on 2026 benchmark dips half the groundwork suggest 8.74 percent.

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