South African rand falls on power cuts, risk-off sentiment

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South African rand falls on power cuts, risk-off sentiment
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The South African rand weakened on Wednesday, as the country continued to be battered by its worst rolling blackouts on record and as markets moved away from riskier assets.

The dollar last traded around 0.09% weaker against a basket of global currencies.

"Simultaneously, there is very little in the way of positive news flow out of South Africa for investors to focus on."

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ReutersAfrica /  🏆 31. in ZA

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