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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
South Africa's current account deficit widened sharply in the third quarter of this year, central bank data showed on Tuesday, signaling further pressure on the rand currency as markets brace for higher U.S. interest rates.
The current account gap has traditionally been partly financed by portfolio inflows but these have waned this year as investors expecting the U.S. Federal Reserve to start tightening monetary policy dumped emerging markets.
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