Statistics SA is expected to release manufacturing production for October on Tuesday
. The median forecast is for a contraction of 2.6% from one of 2.4% in September, according to a Bloomberg poll.
The R2030 government bond was stronger, with the yield falling 3.5 basis points to 9.17%. Bond yields move inversely to their prices. Alexander Forbes gained 3.76% to R5.24. The company said on Monday its normalised headline earnings per share increased 43% to 27.2c in the six months to end-September. It said the latest financial results are a clear sign that its strategic initiatives are starting to “bear fruit”.
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