The rand is down and inflation is up, but has not yet breached the Reserve Bank's upper target range.
SA will release last month's inflation figures, while economists keep tabs on Ukraine since Sunday's vote by Crimeans to join the Russian Federation.
ANALYSIS: A frail currency pushes up inflation and has no effect on productivity.
Ghana's central bank will meet two weeks earlier than planned, to decide how to respond to a weaker currency and inflationary pressures.
Derivatives used to speculate interest rates tumbled after South African inflation was found to be lower than expected.
Following the Central Bank of Nigeria's announcement of its rates decision, investors will turn their attention to SA's latest inflation figures.
South Africa needs to shield itself against capital outflows by boosting its foreign currency reserves, says Reserve Bank governor Gill Marcus.
The rally of the rand in recent days will likely continue to lose steam as the market looks out for a decision to cut monthly bond purchases.
The rand has slumped to a six-week low and bond yields soared to the highest in 16 months.
SA's latest inflation figures, manufacturing updates from China and housing data from the US are some of this week's big items on the data diary.
SA inflation figures, indicators of growth in Europe and China, US corporate earnings reports and elections in Japan will make for a busy week.
Labour unrest that has taken new and more challenging forms is compounding the effects of slumping commodity prices.
Retail-sales growth has slowed in March from a year earlier as inflation has remained close to the top of the central bank's target.
New weightings show that oil and electricity will continue to dictate the inflation trajectory.
Zimbabwe's annual inflation rate eased to 2.91% in December, down from 2.99% the previous month due to reduced food and clothing costs.
A data deluge in the US, growth figures for China and Germany, and inflation data from the eurozone are the highlights on the economic data calendar.
A higher gold price is unlikely to offset the effects of cautious American consumers and a weaker rand.
New economic research by ETM Analytics has put South Africa in some dangerous company.
Angola is on track to reach its target of slowing consumer inflation to 10% from 11.38% in 2011 thanks to monetary policy focused on price stability.
Consumer inflation has slowed to within the reserve bank's 3% to 6% target range in May, raising expectations of an interest-rate cut this year.