Economics
Rand Gains Second Day Against Dollar as Labor Protests Ease
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The rand gained for a second day after strikes in the platinum mining and agricultural industries ended, easing investor concern that labor unrest in South Africa will worsen.
The currency appreciated 0.3 percent to 8.7763 a dollar by 3:23 p.m. in Johannesburg. Yields on benchmark 10.5 percent bonds due December 2026 climbed one basis point, or 0.01 percentage point, to 7.17 percent after rising three basis points yesterday.