{"id":8187,"date":"2012-02-22T02:23:19","date_gmt":"2012-02-22T00:23:19","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/investors-cautious-ahead-of-s-africa-budget\/"},"modified":"2012-02-22T02:23:19","modified_gmt":"2012-02-22T00:23:19","slug":"investors-cautious-ahead-of-s-africa-budget","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/investors-cautious-ahead-of-s-africa-budget\/","title":{"rendered":"Investors cautious ahead of S.Africa budget"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bonds weaker, eyes on budget<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand rangebound vs dollar<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 21 (Reuters) &#8211; South Africa&#8217;s<br \/>\ngovernment bonds weakened on Tuesday, with investors trading<br \/>\ncautiously as they waited to see what Finance Minister Pravin<br \/>\nGordhan&#8217;s budget says about the deficit and borrowing plans.<\/p>\n<p><span><\/span><\/p>\n<p>He is expected say on Wednesday that the budget will remain<br \/>\nin the red for longer than initial forecasts. Investors will be<br \/>\nparticularly interested in how increased infrastructure spending<br \/>\nwill affect the country&#8217;s borrowing requirement.<\/p>\n<p><span><\/span><\/p>\n<p>Demand at a weekly debt auction was quite subdued as<br \/>\ninvestors held back.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There is some cautiousness ahead of the budget speech<br \/>\ntomorrow, and some revisions are expected to be made to the<br \/>\ndeficit forecast,&#8221; said Anisha Arora, emerging market analyst at<br \/>\n4CAST.<\/p>\n<p><span><\/span><\/p>\n<p>Yields ticked higher on benchmark bonds, with the 2015 bond<br \/>\nyield rising 2.5 basis points to 6.615 percent and<br \/>\nthat on the 2026 issue up 1.5 basis points to 8.23<br \/>\npercent.<\/p>\n<p><span><\/span><\/p>\n<p>A Reserve Bank survey showing its sentiment indicator fell,<br \/>\npointing to modest growth this year, also added to the weaker<br \/>\ntone in the session.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was softer, hitting a session low of<br \/>\n7.7499 against the dollar. By 1515 GMT, it was trading at 7.7150<br \/>\nto the dollar, 0.6 percent weaker than Monday&#8217;s New York close<br \/>\nof 7.6725.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bonds weaker, eyes on budget * Rand rangebound vs dollar JOHANNESBURG Feb 21 (Reuters) &#8211; South Africa&#8217;s government bonds weakened on Tuesday, with investors trading cautiously as they waited to see what Finance Minister Pravin Gordhan&#8217;s budget says about the deficit and borrowing plans. He is expected say on Wednesday that the budget will [&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-8187","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\/8187","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=8187"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8187\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}