Currency stronger but the economy is still in chains
The rand did an amazing thing yesterday. After three months in the doldrums it rebounded sharply to close at R14.93 to the dollar - a level not seen since the day before President Jacob Zuma fired Nhlanhla Nene, triggering a run on the beleaguered currency.Unfortunately, domestic factors did not drive yesterday's gains, which put the rand on track for its first quarterly gain since 2012.
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