(Reuters) - South Africa's rand extended gains to up to 1.1 percent against the dollar on Monday after shareholders approved the buyout of local fashion retailer Edcon by a U.S.-based private equity firm.
The rand firmed to 7.11 versus the greenback soon after the results of the vote were released from 7.1450 just before the announcement, compared to a New York close of 7.19 on Friday.
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