South African rand trades at 16.4075 against US dollar
The South African rand traded at 16.4075 against the US dollar. Finance Minister Enoch Godongwana is scheduled to present the Medium-Term Budget Policy Statement at approximately 1200 GMT.
The currency depreciated by more than 2% against the dollar during September. Benchmark 2035 government bond yields reached 8.735%.
Statistics South Africa will publish retail sales and consumer inflation figures on 21 October. Economists polled by Reuters anticipate headline inflation will rise to 4.7% in September.
Forecasts from Investec place inflation at 4.6%, while Nedbank expects a reading of 4.8%. Local government elections are set to take place on 4 November.




















