The rand is taking a breather after weeks of being beaten down.
The South African rand found some support in the markets on Thursday, recovering against the US dollar to trade consistently below the R19 mark for the first time in months.
According to TreasuryOne, local markets are enjoying more positive sentiment, with the country posting positive growth in the first quarter – however marginal it may be. Over the past year and a half, the power utility has only been able to spare South Africans from outages for three full days.
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