Bloomberg reported the rand advanced to its strongest level in a week as commodity prices rallied amid signs the global economy is recovering.
As quoted in the market news,
Copper rose a second day in New York as industrial metals extended the biggest rally in two years, and platinum and gold, which account for a fifth of South Africa’s export earnings, rose for a second day. South Africa’s benchmark stock index climbed to its highest in almost three months, led by raw materials export companies including Anglo American Plc and BHP Billiton Ltd.
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