NEW: Frail Rand Recovers, But Stocks Close Weaker

The rand clawed back some ground against the dollar on Thursday, helped by an upswing in global market sentiment, but remained vulnerable due to the dim economic outlook for South Africa.

Stocks ended near a two-year low in volatile trade, with MTN Group leading the decline on the local bourse over concerns raised by claims that it owed unpaid taxes in Cameroon.


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