South African rand firms after consumer confidence, current account data

The South African rand strengthened against the dollar after consumer confidence data improved.
However, the country's current account deficit widened in the second quarter.
Rolling blackouts implemented by Eskom have disrupted the economy this year.
South Africa's consumer confidence recovered in Q3 after dropping in Q2.
The country's net foreign reserves fell slightly from July to August.

reuters.com

Relevant topic timeline:

9/5/2023

South African rand slips as power cuts bite, GDP in focus

The South African rand weakened due to the country experiencing the worst power cuts on record and ahead of the release of second quarter GDP data.

9/15/2023

South African Rand Weakens Amid Power Crisis; Investors Eye Inflation Data and Interest Rate Decision

South Africa's rand weakened against the dollar due to a power crisis, upcoming inflation figures, and an interest rate decision, while mining figures also contributed to its decline.