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Banks bear the brunt of weakened rand

  • Published in News

South African banks bore the brunt of the weaker rand after the third-quarter current account deficit widened to R176.6 billion from R167bn and continued fears that the truce in the trade spat between the US and China will be short-lived hurt sentiment.

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South Africa moves out of recession

  • Published in News

StatsSA has published the latest GDP data for South Africa, showing that the country’s economy grew by 2.2% in the three months through September compared with a revised 0.4% contraction in the prior quarter.

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