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South Africa's rand falls further after DA says budget talks break down - REUTERS
JOHANNESBURG, April 2 (Reuters) - The South African rand extended losses on Wednesday after the Democratic Alliance (DA) party said talks with the African National Congress (ANC) over passing the budget had broken down.
The two biggest parties in the ruling coalition have negotiated for weeks to try to reach a deal on the country's contested budget.
But those talks were yet to yield an agreement less than an hour before parliament was due to start voting on the first piece of legislation associated with the budget, the fiscal framework, on Wednesday afternoon.
