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Neels van Schaik at PSG Fund Managers says that these losses were however concentrated in only a few sectors, with resources being the main culprit.
Pam Golding has been appointed a vice president of the Institute of Directors in Southern Africa.
Currency traders expected the local unit to remain rangebound for the next couple of days until a sustained range gives it a new direction. Business Day and RMB AM report.
Nico Kelder reports that the currency weakened against the majors with the largest decline against the dollar as the latter strengthened against the euro.
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