ECONOMIC data are expected to be supportive of the rand in the first part of the week, with the current account deficit likely to have narrowed on SA’s much improved export performance.However, the news flow could turn negative later in the week as South African Airways is expected to reveal big losses when its financial accounts for 2014-15 are finally tabled in Parliament.The Reserve Bank will release its September Quarterly Bulletin on Tuesday. As ever, the main highlight will be the second quarter current account balance.Economists expect the current account deficit to have shrunk materially from the 5.4% of GDP recorded in the first quarter, given that the country achieved a trade surplus of R33bn in the three months to June.Citibank economist Gina Schoeman is optimistic that the second quarter current account deficit could have narrowed to as little as 2.7% of GDP (seasonally adjusted and annualised), resulting in a current account balance of R116bn. Most of the anticipated im...
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