SA rand slides against dollar

South Africa’s currency, the rand weakened against the dollar in early Monday trade and looked likely to stay under pressure, influenced mainly by equity markets in the absence of market-moving local data. Rand was down 0.97 percent at 8.2950 to the dollar compared with Friday's New York close of 8.2150.
Government bonds were also weaker in early trade and yields crept higher as a result, with the 2015 bond adding 2 basis points to 8.665 percent while the yield on the 2036 bond was up one basis point at 8.805 percent.