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The rand just pulled off its biggest comeback in 16 years

The rand has extended its recent rally, strengthening to a fresh 20-month high against the US dollar.

World News

The Gupta family are selling their assets in South Africa to little-known companies as their access to banking facilities dries up and allegations intensify that they used their friendship with President Jacob Zuma to wield undue

The big news of the day is that Mzwanele (Jimmy) Manyi has bought ANN7 and The New Age from the Guptas for a total consideration of R450m. Predictably, there has been an eruption of cynical comments and probing questions