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South African economic growth accelerated to 4.8% in Q1 vs. expectations of 4.2%. The rand...

South African economic growth accelerated to 4.8% in Q1 vs. expectations of 4.2%. The rand strengthen on the news, bringing the currency's gain to nearly 5% since the February lows. Growth is still well below the 7% figure hoped for by the government. EZA +26%, SZR flat Y/Y.
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