New currency for South Africa, China, and India – Finance Minister responds

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 61%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Finance Minister Enoch Godongwana says that BRICS members are working on introducing a new payment system.

The swift formation of a new coalition government in South Africa after May elections has bolstered investor confidence and fueled a rally in the nation’s currency and the stock market, Finance Minister Enoch Godongwana said.

“This meant that the rand and South African equities benefited from this political stability created in a very short time.” It entered into an alliance with nine other mostly business-friendly parties to retain power within a month, and they agreed that growing the economy would be the new administration’s top priority.

Officials attending the meeting of the NDB, which was established in 2015 by the BRICS group of developing market nations,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Finance Minister says 18% of the loans that New Development Bank granted have been disbursed.
Source: SABCNews - 🏆 37. / 51 Read more »

Meet the Finance Industry Players at South Africa Traders Fair 2024The South Africa Traders Fair 2024 is fast approaching, and anticipation is building for what promises to be a landmark event in the financial industry.
Source: brieflyza - 🏆 10. / 68 Read more »

Berhane Abrehe: Former Eritrean finance minister dies in jailBerhane Abrehe was Eritrea's longest serving finance minister before falling out with the president.
Source: BBCAfrica - 🏆 23. / 61 Read more »

Finance Minister Enoch Godongwana Warns Against Premature Two Pot Savings WithdrawalsFinance Minister Enoch Godongwana has dispensed advice to South African citizens ahead of the two-pot retirement system, but social media users are not having it.
Source: brieflyza - 🏆 10. / 68 Read more »