The South African rand was slightly stronger in early trade on Monday, as investors watched for potential ripple effects of the aborted weekend mutiny in Russia.
by Russian mercenaries on Saturday was still unclear, analysts said, with global oil prices slightly higher on concerns about Russian stability and crude supply.
In local news, state utility Eskom said on Sunday that power cuts would be implemented at relatively low levels throughout the week, as fewer breakdowns at power stations had led to more generation capacity. Many South Africans were facing power cuts of around 10 hours a day until recently, but there have been some signs of improvement in the last few weeks as the country grapples with its worst power crisis on record.
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