Finance Minister Enoch Godongwana has assured the IMF and World Bank that using the country's reserves will be for debt only and not ailing state enterprisesSouth Africa will use future drawdowns of its Gold and Foreign Exchange Contingency Reserve Account to curb its debt burden, Finance Minister Enoch Godongwana said, adding he was pondering tax hikes and expenditure cuts in the next post-election budget.South Africans need to be in the know if we want to create a prosperous future.
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