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  • Editor’s Picks / 14 December 2015 at 8:24 GMT

    South Africa's rand rebounds on Gordhan appointment

    Reuters
    South Africa's rand strengthened more than 4 percent in early trade on Monday, extending overnight gains after President Jacob Zuma named Pravin Gordhan as the new finance minister, Reuters reports. Zuma late on Sunday restored a widely respected Gordhan to the ministry in a dramatic U-turn that gave Africa's most advanced economy its third finance minister in a week.
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