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The rand firmed on Friday as the dollar lurched on weak jobs data, erasing losses sparked by a central bank warning that speculation of a big foreign exchange inflow on a proposed banking deal was overdone.
It was weighed down by a rise in last month's reserves which analysts said indicated the Reserve Bank had increased its pace of dollar buying in the market.
Nico Kelder, economist at the Efficient Group reports that locally the Bull Run continues to be spurred on by positive growth and sentiment, lower expected interest rates and a softer currency.
The burgeoning private residential property market has brought about a new twist to the commercial market that is creating a resurgence in demand for sectional title conversion of existing office space.
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