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South Africa's rand was flat early on Friday in increasingly cautious trade ahead of the budget speech next week, which is expected to detail the progress of the country's economic recovery.

South africaUnited statesRazia khanSubhranshu sahuMfuneko toyanaThomson reuters trust principlesFinance minister tito mboweniBudget speechStandard chartedThomson reuters trustAsia pacificChina prcCurrency interventionDebt fixed income marketsEconomic news 3rd partyEmerging market countries