{"id":22023,"date":"2022-09-19T14:22:47","date_gmt":"2022-09-19T14:22:47","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/south-african-rand-slips-as-strong-dollar-power-cuts-weigh"},"modified":"2022-09-19T14:59:22","modified_gmt":"2022-09-19T14:59:22","slug":"south-african-rand-slips-as-strong-dollar-power-cuts-weigh","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/south-african-rand-slips-as-strong-dollar-power-cuts-weigh","title":{"rendered":"South African rand slips as strong dollar, power cuts weigh"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span>JOHANNESBURG, Sept 19 (Reuters) &#8211; The South African rand traded weaker early on Monday, bruised by a strong dollar and lengthy power cuts by state-owned utility Eskom.<\/p>\n<p>At 0630 GMT, the rand traded at 17.6925 against the dollar, around 0.4% weaker than its previous close.<\/p>\n<p>The dollar was up over 0.3% against a basket of currencies, as investors braced for a large interest rate hike from the U.S. Federal Reserve this week. <a href=\"https:\/\/www.reuters.com\/markets\/europe\/global-markets-wrapup-1-pix-2022-09-19\/\">read more<\/a><\/p>\n<p>Eskom on Sunday implemented &#8220;Stage 6&#8221; power cuts, a level only seen twice before, which means at least six hours without power daily for most South AfricansThe company has struggled to keep the lights on in Africa&#8217;s most industrialised economy for more than a decade, choking economic growth and fuelling public frustration.<\/p>\n<p>The government&#8217;s benchmark 2030 bond was modestly weaker in early deals, with the yield rising 2.5 basis points to 10.365%.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/gambia\">Gambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. JOHANNESBURG, Sept 19 (Reuters) &#8211; The South African rand traded weaker early on Monday, bruised by a strong dollar and lengthy power cuts by state-owned utility Eskom. At 0630 GMT, the rand traded at 17.6925 against the dollar, around 0.4% weaker than its previous close. The dollar was up over 0.3% against [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":22022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2355,2361,260,207,8403],"class_list":["post-22023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-gambia","tag-gambia","tag-power","tag-strong"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South African rand slips as strong dollar, power cuts weigh - Gambia<\/title>\n<meta name=\"description\" content=\"JOHANNESBURG, Sept 19 (Reuters) - The South African rand traded weaker early on Monday, bruised by a strong dollar and l ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/south-african-rand-slips-as-strong-dollar-power-cuts-weigh\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South African rand slips as strong dollar, power cuts weigh\" \/>\n<meta property=\"og:description\" content=\"JOHANNESBURG, Sept 19 (Reuters) - 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