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South African rand on winning streak

By Callum Holmes June 29th, 2016

The South African rand has fared rather well in the aftermath of the Brexit, as foreign investors poured their funds into South Africa at the fastest pace in 7 years. The move came as people looked for gold producers and dollar-earners, purchasing $276 million dollars’ worth of South African stocks on Friday alone. The rand has continued its winning streak and was the best performing currency yesterday gaining over 1% against sterling.

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