The rand is stronger in late trade on Tuesday as traders eye the South African mining sector for direction.
At 3.20pm, the rand was bid at R8.2291 to the dollar from R8.2564 at Monday's close. It was bid at R10.7414 to the euro from its previous close of R10.8288 and at R13.3655 against sterling from R13.4130 before.
The euro was bid at $1.3060 from $1.3114 at Monday's close.
"The main reason why the rand is stronger in late trade today is the rumour that Lonmin has settled its wage dispute with striking miners. This comes despite the euro losing ground against the dollar. Usually when the euro weakens against the dollar the rand follows, but the rand has actually benefited from the Lonmin situation," said Mark Kalkwarf, a senior portfolio manager from the Iguad group.
Bonds firm on foreign buying
The South African bond market was firmer in afternoon trade on Tuesday on the back of foreign buying.
At 3.36pm, the benchmark R157 bond was trading at 5.405 percent from 5.490 percent at Monday's close. The R207 was trading at 6.480 percent from Monday's close of 6.565 percent, and the R186 was trading at 7.505 percent from 7.590 percent at its previous close.
The rand was bid at R8.2449 from Monday's close of R8.2564 and Friday's close of R8.1978.