{"id":15880,"date":"2012-10-25T20:03:18","date_gmt":"2012-10-25T18:03:18","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/rand-firms-bonds-ease-after-interim-s-africa-budget\/"},"modified":"2012-10-25T20:03:18","modified_gmt":"2012-10-25T18:03:18","slug":"rand-firms-bonds-ease-after-interim-s-africa-budget","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rand-firms-bonds-ease-after-interim-s-africa-budget\/","title":{"rendered":"Rand firms, bonds ease after interim S.Africa budget"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand firms after Gordhan spending cap pledge<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds weaken on lower revenue fears<\/p>\n<p><span><\/span><\/p>\n<p>* Producer inflation lower than expected<\/p>\n<p><span><\/span><\/p>\n<p>By Vuyani Ndaba<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Oct 25 (Reuters) &#8211; South Africa&#8217;s rand firmed<br \/>\nagainst the dollar on Thursday after Finance Minister Pravin<br \/>\nGordhan promised to keep a tight lid on spending despite having<br \/>\nto widen his 2012 budget deficit forecast due to the worst<br \/>\nmining strikes since apartheid.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was at 8.74 against the dollar at 1533 GMT<br \/>\nfrom Wednesday&#8217;s close of 8.7810 in New York.<\/p>\n<p><span><\/span><\/p>\n<p>It strengthened to as much as 8.685 shortly after Gordhan<br \/>\nvowed in his Medium Term Budget Policy Statement (MTBPS) to<br \/>\ncrack down on government wastage and corruption as a<br \/>\ncounterweight to slightly lower economic growth than his<br \/>\nFebruary forecast.<\/p>\n<p><span><\/span><\/p>\n<p>The Treasury projected a 2012\/13 budget deficit at 4.8<br \/>\npercent of GDP, in line with a Reuters poll of economists, from<br \/>\n4.6 predicted in February. South Africa&#8217;s growth forecast was<br \/>\nalso cut to 2.5 percent from 2.7 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand strengthened a little bit but was in a very tight<br \/>\nranges today,&#8221; said Ion de Vleeschauwer, a trader at Bidvest<br \/>\nBank in Johannesburg. &#8220;There was nothing really earth-shattering<br \/>\nin the speech that could influence the currency.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand firms after Gordhan spending cap pledge * Bonds weaken on lower revenue fears * Producer inflation lower than expected By Vuyani Ndaba JOHANNESBURG, Oct 25 (Reuters) &#8211; South Africa&#8217;s rand firmed against the dollar on Thursday after Finance Minister Pravin Gordhan promised to keep a tight lid on spending despite having to widen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15880","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15880"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15880\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}