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"The rand surged to its strongest level against the dollar in more than a month and bonds advanced after Fitch Ratings affirmed South Africa’s investment-grade credit rating even as data showed the economy contracted in the first quarter.", www.bloomberg.com
"JOHANNESBURG: South Africa's rand rose to its firmest in just over a month on Wednesday while government bonds also strengthened after ratings agency Fitch affirmed the country's investment-grade credit status. Fitch also maintained its stable outlook, but warned that political tensions could still derail efforts to boost growth.By 1139 GMT the rand had gained 1.16 percent to 14.7295 per dollar, its firmest since May 4. The rand has gained since Friday's decision by S&P's to", www.brecorder.com
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