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The rand weakened to the lowest in a month against the dollar on Tuesday at midday, as global growth amid the ongoing war in Ukraine and load-shedding weighed on the currency.

The local currency fell about 1.5% against the dollar in intraday trading — the most since late February — as Russia’s move into eastern Ukraine raised market jitters. Ukrainian President Volodymyr Zelensky said Russian forces had begun a new campaign to conquer the Donbas region in the east of his country...

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