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Rand slips in muted trade ahead of elections

South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014. REUTERS/Siphiwe Sibeko
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JOHANNESBURG – South Africa’s rand edged weaker early on Tuesday with traders taking a cautious stance, keeping volumes low ahead of local government elections on Wednesday.