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Gordhan: Debt not yet deterring investment

March 12 2013 at 04:43pm
By Reuters

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Independent Newspapers

Pravin Gordhan, Minister of Finance. Photo: Matthew Jordaan.

Johannesburg - South Africa's growing debt levels will pressurise interest rates but investment in Africa's largest economy is not yet affected, Finance Minister Pravin Gordhan said on Tuesday.

“High levels of debt will certainly put pressure on interest rates and can begin to affect growth and investment in the economy, although I don't think we are there yet,” Gordhan told parliament on Tuesday during a debate on his February budget speech. - Reuters


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