Nene: Rising SA inflation a risk

Cape Town 101028. Deputy Finance Minister, Nhlanhla Nene is his 120 Plein Street office. PHOTO SAM CLARK, CA, Gaye Davis

Cape Town 101028. Deputy Finance Minister, Nhlanhla Nene is his 120 Plein Street office. PHOTO SAM CLARK, CA, Gaye Davis

Published Aug 1, 2014

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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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