🇿🇦 South Africa 14h ago

Rand gains from Fitch upgrade but Middle East conflict keeps currency volatile

IOL South Africa
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Rand gains from Fitch upgrade but Middle East conflict keeps currency volatile
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Fitch Ratings has upgraded South Africa's sovereign credit rating, leading to a temporary boost in the rand. However, escalating tensions in the Middle East and rising oil prices pose ongoing challenges for the local currency.

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