The rand weakened the most in more than three weeks as investors mulled over slightly lower-than-expected US inflation data. The JSE also fell, taking its cue from weaker markets in Shanghai and Hong Kong, with losses among miners and industrials overshadowing gains by banks and financials. 

US inflation data is watched closely for any indication of when the Federal Reserve will start tapering its monthly stimulus. The country’s consumer price index (CPI) rose 5.3% in the year ended in August, slightly below the 5.4% increase in June and July, the Bureau of Labour Statistics said on Tuesday...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

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