The rand fell more than 1,7% to a three-week low against the dollar on Wednesday as Europe’s debt problems kept investors wary of risk.
There is little risk the political crisis in North Africa could spread to sub-Sahara Africa, but escalating oil and food prices are the main worry.
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/ 9 December 2010
South Africa’s current-account deficit widened in the third quarter, partly due to a fall in receipts after the boost from the Soccer World Cup.
Bulls supporter Eldre Janse van Rensburg had never set foot in Soweto before Saturday’s Super 14 rugby final.