Nene: Rising SA inflation a risk

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Nhanhla_Nene Independent Newspapers Finance Minister, Nhlanhla Nene. Photo: Sam Clark.

Johannesburg - Rising consumer inflation in South Africa poses a significant risk to the purchasing power of consumers and the cost of doing business in the country, Finance Minister Nhlanhla Nene said on Friday.

In a speech prepared for delivery to university students, Nene said the key challenges to the ailing economy were domestic, citing strikes that have hit the mining and manufacturing sectors. - Reuters

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