South Africa's rand slips as U.S. Fed hike bets return

South Africa's rand traded weaker against the dollar early on Monday after the Federal Reserve's vice chairman suggested over the weekend that the United States may raise rates in September. The unit collapsed to 14.00 versus the greenback last Monday on the back of a global stocks sell-off triggered by concerns over China's slowing economy as well as the timing of rate hike in the U.S. "The week ahead could be telling for the S.A. currency as market players turn their gaze away from China and b