Nene: SA faces high interest rates

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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

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