South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg, file. REUTERS/Siphiwe Sibeko

JOHANNESBURG, Nov 15 (Reuters) – The rand eased early on Friday, extending a week of losses following Donald Trump’s U.S. election win, and ahead of S&P Global’s scheduled review of South Africa’s sovereign credit rating.

At 0705 GMT, the rand traded at 18.28 against the U.S. dollar ZAR=D3, about 0.2% weaker than its previous close.

The rand has endured five sessions of losses as the dollar rallied after Trump’s victory, while markets fretted over potential policies by the president-elect, which could include tariffs and tax cuts.

Investors will on Friday look to S&P Global’s scheduled review of South Africa’s sovereign credit rating.

Analysts expect Africa’s most industrialised economy to remain three notches into sub-investment grade at ‘BB-‘, with a stable outlook.

On the Johannesburg stock market, the blue-chip Top-40 index .JTOPI was flat.

South Africa’s benchmark 2030 government bond ZAR2030= was little changed in early deals, with the yield at 9.155%.

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(Reporting by Tannur Anders; Editing by Kirsten Donovan)