South African rand weakens as manufacturing beat fails to offset tariff nerves
U.S. imports from South Africa face a 30% duty, the highest rate among sub-Saharan African countries, but President Cyril Ramaphosa's office said last week he had spoken with U.S. President Donald Trump and that the two countries' trade negotiating teams would hold more detailed talks.
At 1235 GMT, the rand traded at 17.7825 against the dollar , about 0.2% weaker than Friday's close.
South Africa's manufacturing output rose 1.9% year on year in June, after rising by a revised 0.7% in May, statistics agency data showed on Monday.
Analysts polled by Reuters and Nedbank economists expected production to have risen 1% and 0.8%, respectively.
This week's releases also include mining output (ZAMNG=ECI), opens new tab and unemployment figures (ZAUNR=ECI), opens new tab on Tuesday and retail sales data (ZARET=ECI), opens new tab on Wednesday.
The Johannesburg Stock Exchange's Top-40 index (.JTOPI), opens new tab was last down 0.5%.
South Africa's benchmark 2035 government bond was weak, as the yield rose two basis points to 9.65%.
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