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Over the last year, the pound strengthened against the rand by 16.8%, making South Africa another attractive destination this winter.
In the past, SAB has tried to limit its exposure to the rand by expanding into other developing countries.
B ut despite a steady flow of media reports, the bill soared to 215m rand by the end of Madonsela's research and is now estimated at246m rand.
While the tighter credit risked slowing South Africa's economic growth, which has already been hurt by falling commodity prices, it bolstered the rand by making rand-denominated assets more attractive to international investors.
Mr. Russo said that such details were "trivia" and that the papers had gone back to Rand by the next morning at the latest, as far as he knew.
The company said the restructuring would save 3.8bn rand by 2015.
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