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South African rand stable as markets await Trump's new tariffs
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South African rand stable as markets await Trump's new tariffs
Feb 13, 2025 8:17 AM

JOHANNESBURG, Feb 13 (Reuters) -

South Africa's rand was stable in volatile trade on

Thursday, as financial markets awaited "reciprocal tariffs" that

U.S. President Donald Trump said he planned to unveil later in

the day.

At 1532 GMT, the rand traded at 18.5325 against

the U.S. dollar, at its Wednesday closing level.

Trump on Thursday said he would

unveil reciprocal tariffs

, but gave no details about his latest plan, which could

take aim at every country that charges duties on U.S. imports.

Trump already announced tariffs on all steel and

aluminum imports beginning on March 12 and imposed 10% tariffs

on goods from China since taking office in January.

On the Johannesburg Stock Exchange, the blue-chip Top-40

index closed about 0.1% down.

South Africa's benchmark 2030 government bond

was stronger, with the yield down 4 basis points at 9.165%.

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