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Rand rout threatens fuel price stability, warns AA

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FUEL PRICES
Substantial rand weakness could undo recent fuel price stability, the Automobile Association (AA) warned on Wednesday. It was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF). "Almost two months of modestly improving rand strength ended in a dramatic reversal as the local currency was caught up in the emerging market chaos triggered by Turkey's economic difficulties," the AA said in a statement. "Until the crisis hit, the fuel price picture for August ...
 
 
 
 
 

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