JOHANNESBURG, March 15 (Reuters) - South Africa's firmed on Friday as demand for emerging market currencies lifted on reports that China and the United States had made more progress in their trade talks.
At 1505 GMT the rand ZAR=D3 was 0.86 percent firmer at 14.4150 per dollar.
Chinese Vice Premier Liu He spoke by telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, with the two sides making further substantive progress on trade talks, Xinhua news agency said on Friday. also gained, with the yield on the benchmark paper due in 2026 ZAR186= down 9 basis points to 8.67 percent.
Analysts expect the rand to remain volatile as it reacts to global factors and concerns over the domestic economy.
South Africa's struggling state power firm Eskom resumed power cuts on Thursday and said on Friday the blackouts would continue until Sunday. It warned that further cuts were likely next week, underscoring the risks to businesses in Africa's most industrialised economy. rand fell on Thursday after data showing that output in two key industrial sectors of mining and manufacturing remained weak. are currently not good odds for the rand," Commerzbank (DE:CBKG) analysts said in a note. "Above all, the uncertainty about the (Moody's) rating review on 29 March is likely to lead to increased nervousness on the markets and thus to stronger fluctuations in ZAR exchange rates."
Multichoice MCGJ.J topped the gainers' list on the Top-40 index, jumping nearly 5 percent after fund manager Allan Gray up stake in the pay-TV company to 5.5 percent.
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