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Rand to return to 'appropriate' level

South Africa's currency is likely to bounce back from three-and-a-half year lows plumbed this week due to two months of labour unrest, central bank Deputy Governor Francois Groepe said. "The rand's exchange value has reflected investor concerns in recent weeks, and although the negative consequences of the unrest cannot be underestimated, I am confident the currency will return to more appropriate levels," Groepe said in a speech posted on the bank's website on Friday.

Authors: Dubai Engineering Jobs Admin

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