Nene: SA faces high interest rates

Comment on this story
Nhanhla_Nene Independent Newspapers Finance Minister, Nhlanhla Nene. Photo: Sam Clark.

Johannesburg - South Africa's fiscal position has come under increasing pressure from a weakening economic outlook, but the government is committed to implementing its National Development Plan to boost growth, Finance Minister Nhlanhla Nene said on Tuesday.

Nene also told a Thomson Reuters event that the ailing economy faced a period of high interest rates and low commodity prices. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines