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The South African rand dropped close to record lows Thursday, just a day after the country’s president replaced his embattled finance minister with someone with almost no experience.

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The South African rand.
The South African rand. <span class="media-attribution">Image by <a href="https://www.flickr.com/photos/warrenski/2529197920/in/photolist-o3aFwb-2kF9L-5RDVrK-5shcQ1-5scQqD-4RuNqG-5M7B71-ctLWpW-8UHmpR" target="_blank" rel="external">Warren Rohner</a> / <a href="http://creativecommons.org/licenses/by-sa/2.0/uk/" target="_blank" rel="external">CC BY-SA 2.0</a></span>

Compared with just a year ago both the US dollar and British pound are now worth 33% more, making South Africa a cheaper proposition for visitors. As most South Africa-based operators also depend heavily on the domestic tourism market, it is unlikely they will raise prices to accommodate the falling rand. Read more: tourismupdate.co.za

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