Surprisingly high inflation figures from the US this week and the expectation that the US Federal Reserve will further increase interest rates in response will have a ‘spillover’ effect on South Africa, says finance minister Enoch Godongwana.at the sidelines of the G20 conference in Bali on Friday , Godongwana said this was due to how closely tied South Africa is with the global economy.
“Generally because you have seen a rising inflation rate it will have an impact on poorer nations, but in the case of South Africa we have been prudent fiscally over the past few years. We don’t have that much challenge and anticipate reaching a budget surplus within the next 10 years.”
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Finance minister sends unrest warning to South AfricaFinance minister Enoch Godongwana has warned that deteriorating service delivery at the municipal level is likely to lead to more instability and protest action in South Africa. Yet another govt. minister speaking from the sidelines as if his org. is not the actual cause of the sh*t state of affairs. He and his inmates took a dump on the cntry for 28 whole yrs and they’re now shocked the place stinks like a sewer. “This reversal... municipalities.”a veiled way of saying things were better before the ANC. 'councils...misspent... budgets and... skills...' means the ANC cannot do its job due to incompetence, 'municipalities... budgets... which they cannot fund,” means that they are lying.
Fuente: BusinessTechSA - 🏆 24. / 61 Leer más »
South Africa’s mining industry – which consumes almost a third of Eskom’s power supply – wants to free up more energy for the rest of usThe Minerals Council of South Africa shows the effects that rolling blackouts has had on one of South Africa’s largest users and employers.
Fuente: BusinessTechSA - 🏆 24. / 61 Leer más »