Nene: SA faces high interest rates

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 Jul 1, 2014

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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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