South Africa's rand was stable on Friday after a volatile week in which it weakened over the last-minute postponement of the national budget but then recovered thanks to a softer dollar and buoyant global gold price.

USD/ZAR strengthened on Wednesday as the South African rand weakened following the delay of the countrys budget announcement. South Africas national budget was postponed at the last minute on Wednesday due to

South Africa’s budget announcement by the finance minister has been abruptly canceled and rescheduled for next month over a dispute among parties in the governing coalition

South Africa's rand weakened on Wednesday after the national budget was postponed due to disagreements within the coalition government.

South Africa on Wednesday pushed back the coalition government's first national budget speech to parliament in a shock move following internal pressures over tax hikes. After ruling South Africa alone since the end of apartheid in 1994,