Rand firms vs dollar after end to month-long metals strike
Following the announcement, the local unit strengthened by 0.33 percent, trading at 10.5450 against the greenback by 1535 GMT.
"The resolution would indicate some faith in the South African economy and we might find off-shore bond buyers piling in a bit more money," he added.
The work-stoppage halted production at automakers and affected construction at new power plants in a country struggling with electricity supply and reeling from a recent 5-month strike in platinum sector.
Further movement in the rand is expected with the release of unemployment data on Tuesday as well as a raft of domestic economic numbers later in the week.
In fixed income government bonds were weaker. The yield on paper due in 2015 ticked up 1.5 basis points to 6.655 percent while the yield on the 2026 paper added 3.5 basis points to 8.225 percent.