Rand Slumps as Futuregrowth Halts Loans to S. Africa State Firms

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  • Money Manager concerned about companies’ governance, oversight
  • Finance Minister Gordhan subject to police investigation

The rand dropped to the weakest level in more than seven weeks and South African bonds fell after the country’s biggest specialist private fixed-income money manager said it will stop lending money to six of the largest state-run companies.

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