South Africa's rand recoups losses, market eyes local rates decision

South Africa's rand recouped earlier losses against the dollar on Friday, with investors opting to head into the weekend on neutral ground ahead of next week's domestic rates decision. Traders and analysts say the rand is looking oversold after slumping from last week's high of 13.1725 in an emerging market sell-off triggered by Donald Trump's surprise victory in the U.S. presidential election on Nov. 8. Gold stocks were the weakest performers on South Africa's stock market, with Harmony Gold fa