Rand weaker while PMI falls in November
The local unit has been the best-performing emerging-market currency tracked by Bloomberg over the past month
The rand was weaker on Monday afternoon, following the release of the Absa manufacturing purchasing managers index (PMI), which fell in November.
The Absa PMI fell to 47.7 points from 48.1 in the previous month with four of the five PMI sub-components declining in November. ..