JOHANNESBURG – South Africa’s government is concerned about its ability to raise revenue in the light of an economic downturn, Finance Minister Nhlanhla Nene said on the sidelines of a conference on Thursday.
Speaking at the same venue, Treasury Director-General Lungisa Fuzile said the department had “pencilled in” a 1 billion rand ($77 million) sovereign bond when conditions allowed, but had enough foreign currency deposits as a cushion, should it be hard to get into the market.[pro_ad_display_adzone id=”70560″]
($1 = 13.0411 rand) (Reuters)
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