Fresh from its biggest quarterly drop against the dollar in more than a year, the rand may be set for a rough month leading up to finance minister Tito Mboweni’s medium-term budget policy statement.

The medium-term budget policy framework, which Mboweni is scheduled to present to parliament on October 30, is seen by some economists as a vital indicator as to whether the country will eventually lose its last remaining investment-grade rating, potentially resulting in flight from its bond market.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now