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Rand, South African Assets Rally on Fading Prospects for Brexit
Johannesburg, South Africa, Capital Markets in Africa: South African markets rallied as diminished risks that British voters will favor an exit from the European Union in the June 23 referendum prompted investors to buy developing-nation assets. The rand headed for its biggest gain in more than two weeks as government bonds advanced for a fourth day and stocks in Johannesburg for a third. The currency strengthened 2.2 percent, the most since June 3 on a closing basis, to 14.8162…
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