At 10h33 CAT, the Rand traded at 18.05 against the Dollar, about 0.1% weaker than its previous close. It hit 17.9925 per Dollar earlier in the session for the first time since mid-December.

Markets welcomed Deputy Finance Minister David Masondo's comments at an investor conference on Thursday that an announcement would be made "very soon" regarding SA's inflation-targeting regime.

The central bank's current inflation target is a 3-6% range, and its Governor Lesetja Kganyago, has for years argued for a lower target.

"With little data on the economic front, markets' attention will likely remain on international geopolitics," said Andre Cilliers, Currency Strategist at TreasuryONE.

President Cyril Ramaphosa is scheduled to meet his US counterpart Donald Trump next week in a bid to reset strained ties.

Ramaphosa's Spokesperson Vincent Magwenya told the broadcaster SABC late on Thursday that the visit would be short and would not involve a large delegation.

--Reuters--