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Africa after Brexit

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By Amelia Tan By 6:30a.m. on 24 June, less than 12 hours after a successful referendum on Brexit (Britain’s exit from the European Union), South Africa’s currency, the rand, took the first blow. It plunged by almost 8%from R14.33 to R15.45 against the US dollar, its steepest single-day decline since the 2008 financial crisis. Brexit

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