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R4.8 billion lawsuit that could collapse banks, and good news for Zimbabweans living in South Africa | SA News

Malcolm Libera
 ·10 Oct 2025

The South African rand strengthened on Thursday, maintaining recent gains from a rally in gold prices that benefited many emerging market assets.

The rand was trading at 17.09 against the dollar, up approximately 0.3% from Wednesday’s closing value. 

Gold prices remained above $4,000 an ounce as investors continued to feel uncertain about the ongoing US government shutdown, which has now entered its ninth day. 

Gold is traditionally viewed as a safe-haven asset during times of instability and has recently reached record…

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