October 9, 2018 / 7:16 AM / 2 months ago

South Africa's rand firms ahead of finance minister's trip to Indonesia

JOHANNESBURG, Oct 9 (Reuters) - South Africa’s rand was firmer early on Tuesday, as Finance Minister Nhlanhla Nene was scheduled to travel to Indonesia to represent South Africa at a meeting of the International Monetary Fund and World Bank.

* The rand was 0.18 percent stronger at 14.84 per dollar at 0710 GMT, having closed in New York at 14.8675.

* South Africa’s finance minister is traveling to Indonesia for an International Monetary Fund (IMF) meeting, the Treasury said on Tuesday, a statement that may soothe markets a day after a media report that he had asked the president to sack him.

* In fixed income, the yield on the benchmark government bond due in 2026 fell 1.5 basis points to 9.285 percent. (Reporting by Nomvelo Chalumbira Editing by Ed Stoddard)

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