JOHANNESBURG (Reuters) -The South African rand was steady on Monday ahead of the release of second-quarter gross domestic product (GDP) data.
At 1506 GMT, the rand traded at 17.86 per dollar, near its previous close of 17.85.
Domestic investors will focus on the country’s second-quarter GDP figures due at 0930 GMT on Tuesday for signs on the health of Africa’s biggest economy.
Earlier in the day, a Purchasing Managers’ Index survey showed South African manufacturing activity slumped in August, pointing to highly volatile business conditions.
On the Johannesburg Stock Exchange, the blue-chip Top-40 index closed 0.33% lower.
South Africa’s benchmark 2030 government bond was weaker, with the yield climbing 2.5 basis points to 9.225%.
(Reporting by Tannur Anders and Bhargav Acharya, Editing by David Goodman and Angus MacSwan)
