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Who to blame for the rand slump?
The rand fell out of bed on Tuesday, trading well below R15 to the US dollar as Stats SA announced that the country is in a technical recession.
By Felicity Duncan
The rand fell out of bed on Tuesday as Stats SA announced that the country is in a technical recession. There's no way to sugar coat the numbers – GDP has contracted for two successive quarters and the rand is trading well below R15 to the greenback.
Commemorative South African rand banknotes sit on display in Pretoria.
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