Rand Capital Corporation shares rise 2.88% intraday as Sasol reports higher chemicals prices and tighter cost controls.

Rand Capital Corporation rose 2.88% intraday, with the South African rand experiencing a slight decline as investors booked profits after a rally that took the currency to a nine-month peak. The rand's rally was boosted by a weaker dollar and a rebound in gold prices, following U.S. Federal Reserve Chair Jerome Powell's indication of a possible rate cut at the central bank's September meeting. However, investors are now awaiting domestic releases to gauge the health of Africa's most industrialized economy.