Rand Rallies With Bonds as South Africa Dodges Moody’s Downgrade
The image of former South African President Nelson Mandela sits on a 100 South African rand banknote in this arranged photograph in Pretoria, South Africa.(Photographer: Waldo Swiegers/Bloomberg)

Rand Rallies With Bonds as South Africa Dodges Moody’s Downgrade

(Bloomberg) -- South Africa’s rand climbed and government bonds gained the most in 20 months after the country clung to its last investment-grade credit rating.
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