MARKET WRAP: Rand bounces back but move could be ‘exaggerated’ in thin holiday trade

The rand bounced back from Tuesday’s losses just a day after President Cyril Ramaphosa received the first of three parts of the state capture report from acting chief justice Raymond Zondo.

The report recommends wide-ranging repercussions for those who have pilfered state resources, including recouping losses and the laying of criminal charges…