South African rand flat before manufacturing PMI, vehicle sales

South African rand flat before manufacturing PMI, vehicle sales

At 0615 GMT, the rand traded at 18.9400 against the dollar, the same as its previous closing level.

© Reuters. FILE PHOTO: People wearing face masks walk past the Johannesburg Stock Exchange in Sandton, South Africa,  November 9, 2020. REUTERS/Siphiwe Sibeko/File Photo

The Absa PMI for March is set to be released at 0900 GMT, shedding light on manufacturing conditions in Africa’s most industrialised economy.

March vehicle sales will be published around 1200 GMT, giving a snapshot of consumer demand for big-ticket items.

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