South Africa's rand gains, economy woes offset by weak dollar

South Africa's rand held on to gains against the dollar on Wednesday despite a fall in domestic consumer confidence, as the greenback came under pressure from poor U.S. trade data. The currency briefly breached the key 12/$ mark after data showed South Africa's consumer confidence slumped in the first quarter of 2015, weighed down mainly by chronic power shortages that have blotted the economic outlook. "The one number that might have slightly dented the rand is our consumer confi