Johannesburg - The rand has extended gains against the
dollar on Tuesday, after competition authorities approved the Walmart/Massmart deal with conditions.
The rand firmed to R6.8548 against the dollar at 12:27 GMT,
from R6.8720 before news that Walmart's $2.4bn bid for Massmart Holdings [JSE:MSM] could go ahead.
The rand was 1.05% firmer than Monday's New York close of R6.9320. It was at its strongest since May 20.