The Rand had yet another tough time in the forex markets last week, as local conditions continue to pressure the emerging-market currency.
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Rand edges higher ahead of inflation data, Fed rate decision[CURRENCY] At 12:00, the rand traded at R18.56 against the dollar, ahead of the release of local inflation data and highly anticipated interest rate decision by the US Federal Reserve. Moneyweb Currency
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MARKET WRAP: Rand firms as focus turns to Fed meetingCurrency gains on rising likelihood of higher local rates after Stats SA reports worse-than-expected inflation data for February
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Matshela Koko back in court for multi-billion rand Eskom corruption caseThe former acting CEO of Eskom was charged with 7 others for charges including fraud, corruption and money laundering relating to a multibillion-rand contract that Eskom entered into in 2015.
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Rand Water working to fix water supply issues in parts of Gauteng: City of JhbThe City of Joburg and Tshwane both confirmed that they are experiencing low water levels and supply challenges, adding that Rand Water is working on the problems.
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RMB makes big push into renewables and private energyRand Merchant Bank (RMB) buys a 25% shareholding in Remgro’s Ubiquity Energy Platform.
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Things are looking up for petrol prices in South AfricaThe rand has strengthened against the dollar following the US Fed’s decision to hike rates.
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