CAPE TOWN, May 4 – South Africa’s government is not planning to intervene to weaken the rand currency that has helped to cushion the impact of higher oil and food prices, Finance Minister Pravin Gordhan said on Wednesday.
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S.Africa: Gordhan bemoans response to Eskom
Finance Minister Pravin Gordhan said yesterday he was “disappointed” by the response of developed countries to Eskom’s plan to seek about 4bn in loans from the World Bank to build power plants. “It’s the first loan SA is asking the World Bank for, and suddenly there’s all sorts of doubts,” Gordhan said in an interview […]