Rand continues to depreciate on power blackouts

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Source: Bloomberg
The South Africa's Rand dropped by 0.4% to 9.1842 per U.S. Dollar in early Johannesburg trading session on Tuesday. The currency fell 7.7% this year and is the worst performer among emerging markets currencies. Investors are very concerned about power blackouts by Eskom Holding. The state owned electricity company can not ensure a reserve power margin, due to coal supply shortages.
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Tue, 19 Mar 2013 13:12:06 GMT

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