Rand Capital Corporation shares fall 3.45% intraday as South African rand weakens ahead of central bank's rate decision.

Rand Capital Corporation declined 3.45% intraday, with the South African rand slipping ahead of the South African Reserve Bank's interest rate decision. The rand weakened 0.3% against the dollar, trading at 17.45, as economists widely expected the central bank to keep the rate unchanged at 7.00%. The rand's movement was largely flat after the central bank kept interest rates unchanged, as it cautiously monitored the effect of previous cuts.