GC Asia
Timely rand revival boosts issuance
Following a torrid year of underperformance in 2001, the rand bounced back in 2002. It had opened at R7.56/$ in January 2001 before closing the year at R12.4/$. But by early December 2002, it was back to the more respectable level of around R9.3/$, having appreciated 29% against
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