TCS: Rand slides as Pretoria’s pro-Iran stance spooks markets
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SA Investing

TCS: Rand slides as Pretoria’s pro-Iran stance spooks markets

The South African rand has lost over 3.3% in the past 48 hours, more than double the rise of an index tracking the strength of the US dollar, as Pretoria and the ANC solidified their diplomatic backing for Iran.
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This article was first published by The Common Sense

Key topics:

  • Rand falls as SA risks outweigh global dollar moves

  • Govt backs The Hague Group, criticises US-Israel actions

  • Market fears strained US ties, trade risks, sanctions talk

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By News Desk

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The Common Sense

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