The rand was little changed on Monday, as investors waited for a fresh catalyst, with global focus on corporate earnings reports and Covid-19 headlines.

It is expected that the upcoming earnings season will help them with assessing the damage that the Covid-19 pandemic has caused. Analysts believe that the earnings numbers could surprise on the upside, primarily due to already extremely low expectations.

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 or call 0860 52 52 00. Got a subscription voucher? Redeem it now