South African rand edges up as focus turns to next week's medium — term budget
JOHANNESBURG, Oct 16 (Reuters) — The South African rand edged up in early trade on Friday as the dollar weakened, with investors focusing on next week's medium-term budget for clues on the country's fiscal outlook and credit-rating prospects. At 0712 GMT, the rand traded at 16.4450 against the dollar, about 0.3% firmer