South African assets start week firmer on investor optimism after 'grey list' exit
South African assets start week firmer on investor optimism after 'grey list' exit
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South African assets start week firmer on investor optimism after 'grey list' exit

🕒︎ 2025-10-27

Copyright Reuters

South African assets start week firmer on investor optimism after 'grey list' exit

JOHANNESBURG, Oct 27 (Reuters) - South Africa's rand, bonds and stocks were on the front foot in early trade on Monday, as domestically-focussed investors reflected on the country's removal from the global financial crime watch list. At 0716 GMT the rand traded at 17.2150 against the dollar , roughly up 0.2% on Friday's close. Sign up here. "The removal restores South Africa’s global financial credibility, easing cross-border business and boosting investor confidence," said ETM Analytics in a research note. Africa's largest economy was added to the list in February 2023 after criticism of its systems to combat money laundering and terrorist financing. "One should expect the ZAR to trade on the front foot at the start of this week, as overall risk assessments of the currency have improved," said the note. South Africa's benchmark 2035 government bond was also stronger, as the yield fell two basis points to 8.865% Reporting by Sfundo Parakozov; Editing by

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