Rand weakens to three-week low

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File: After a strong run in recent weeks, the local currency has again breached the psychological R14 barrier.

JOHANNESBURG - After a strong run in recent weeks, the local currency has again breached the psychological R14 barrier.

Just after 6am on Wednesday, it was trading at around R13.93 to the greenback, its lowest level in almost a month.

That&39;s after strengthening to a high for the year of R13.21 last week.

Market watchers say political uncertainty and concerns around the future of the finance minister weigh heavily on investors.

Gordhan&39;s re-appointment in December reassured the international community.

But any development in the ongoing SARS rogue unit saga sends jitters through the markets.

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