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Manufacturing Shows Gains| News by Staff Reporter
Key indicators released yesterday showed that South African manufacturing may be recovering, possibly boosted by a weaker rand.
Mining production also showed gains, rising in January for the first time in five months. Mining makes up just over half of all South African exports.
The rand gained slightly on the news, trading at R9.16 to the U.S. dollar.
Expectations for the rand are now further to the upside.