The government's benchmark 2030 bond was stronger in early deals, with the yield down 6 basis points to 10.055%. (Reporting by Anait Miridzhanian, Editing by Raissa Kasolowsky)
JOHANNESBURG, Feb 24 (Reuters) - South Africa's rand was
flat early on Friday, as investors were reluctant to price more
risk into local markets.
At 0742 GMT, the rand traded at 18.2550 against the
dollar, 0.08% weaker than its previous close.
"The rand has stabilised and has recovered once more from
its weakest levels for the second consecutive trading session,
while bonds have similarly recovered some lost ground," ETM
Analytics said in a note.
Global watchdog the Financial Action Task Force (FATF),
which sets standards on combating money laundering and illicit
financing, could add South Africa to its "grey list" on Friday.
Being added to that list would be a reputational knock for
South Africa and could hurt local asset prices, as grey-listed
countries are subject to greater monitoring by the FATF on
concern that they are at higher risk for money laundering and
terrorist financing.
On the stock market, the Top-40 index and the
broader all-share fell around 0.7% in early trade.
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