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South Africa’s rand consolidates gains, gold lifts stocks

South Africa’s rand firmed on Monday in thin holiday season trade, extending modest gains notched up since calm returned to markets after the fallout over the hiring and firing of finance ministers last week. Stocks also benefited from the calmer mood, with the bourse ending nearly 1% higher. It was also boosted by the gold index, which jumped more than 5% as the global price of the metal continued to rise.