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Rand firms well before finance minister’s holiday to Indonesia

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The rand was firmer at the beginning Tuesday, as Finance Minister Nhlanhla Nene was scheduled to journey to Indonesia to represent?South?Africa?at a celebration from the International Monetary Fund (IMF) and World Bank.

The rand was 0.18% stronger at 14.84 per dollar at 07:10 GMT, having closed in Ny at 14.86.

South?Africa‘s finance minister is visiting Indonesia for the International Monetary Fund (IMF) meeting, the Treasury said on Tuesday, a press release that will soothe markets daily after a media report that he previously asked obama to sack him.

In fixed income, the yield for the benchmark government bond due in 2026 fell 1.5 basis points to 9.28%.?

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