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The South African rand was weaker in early trade on Thursday as investor concerns over the U.S. debt ceiling boosted the dollar and hurt riskier assets, before an interest rate announcement by South Africa's central bank.
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A look at the day ahead in U.S. and global markets from Mike Dolan
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South Africa's central bank raised its main interest rate on Thursday to a 14-year high, a move Governor Lesetja Kganyago described as "bitter medicine" needed to tame inflation.
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The United States was put on review for a downgrade by credit rating agency DBRS Morningstar on Thursday over Washington's debt ceiling haggling, shortly after a similar warning from Fitch.
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Nigeria has issued debt securities worth $1.18 billion to settle various judgment debts, outgoing President Muhammadu Buhari said in a public letter requesting parliament's approval.