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Shein valuation drops 70% to R430bn ahead of listing

Online fast-fashion retailer Shein’s valuation has dropped by around ‌70% from a near $100 billion (R1.60 trillion) private-market peak four years ag…

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Rand hits six-month high as auction draws bumper demand for SA bonds

The rand strengthened to a six-month high against the dollar and bonds rallied after an auction of government debt attracted the strongest demand in …

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business

Rand’s next decade won’t look like the last

For more financial news, visit News24 Business. South Africans have become conditioned to believe that the rand only weakens over time. That view is…

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business

Rand breaks below R16/$ as Waller signals patience on US rates

Waller, in remarks for a Reuters NEXT Newsmaker event, said that, if upcoming data confirmed inflation pressures were cooling ⁠off, he was inclined t…

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