Rand defence

ARTICLE - Tito Mboweni, South Africa's Reserve Bank governor, is taking the defence of his country's currency to new lengths. On Friday, Mboweni donned military regalia for his appointment as an honorary colonel of the 1st South African Tank Regiment.

Originally published in the Financial Times UK edition 4 November.

Mboweni may feel in need of a little titular reinforcement as December approaches. The thin currency trade during South Africa's summer holiday offers opportunity for speculative

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