South Africa's rand firmed slightly in early trade on Thursday, recouping some of the previous session's losses as focus shifted from a delay in the national budget to the first meeting of G20 foreign ministers in Johannesburg.

President Cyril Ramaphosa has reassured that the cabinet is collaborating to present a revised budget, now set for March 12. The postponement comes at a time when South Africa holds the presidency of the G20 and is preparing to host the group's finance ministers and central bank governors next week in Cape Town.