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South African rand steady as investors weigh AGOA decision, await key election results
JOHANNESBURG: The South African rand was little changed in early trade on Tuesday as investors weighed Washington’s plan to suspend the country from a key trade programme and braced for US midterm and local elections. At 0630 GMT the rand traded at 16.62 against the dollar , little changed from its previous close. US Trade Representative Jamieson Greer notified Congress that South Africa and Rwanda would be suspended from the African Growth and Opportunity Act (AGOA) from January 1, 2027, citing concerns over human rights, corruption and threats to US interests. South Africa’s trade min...
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