Rand weakens after disappointing manufacturing data

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Local manufacturing edged up just 0.3% year-on-year in January with SA’s economy getting off to weak start in 2019

The rand was mixed against major global currencies on Thursday afternoon, extending losses against the dollar after downbeat local data.

SA’s economy has clearly faltered at the start of 2019, but activity should pick up during the course of the year, said Capital Economics senior emerging-markets economist John Ashbourne.

 

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