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The Grand Parade Investments (GPI) share price leapt as much as 10% on Thursday, the most since late June on an intraday basis, after the investment company finally received the first payment for the sale of its Burger King SA franchise.

However, the share price retreated slightly to trade 7% higher at R3.57 on the JSE by 10.30am, giving Grand Parade a market valuation of R1.67bn...

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