S.Africa govt says gradual reduction of NOFP best

SOUTH AFRICA - South Africa's Treasury said on Mar 28, 2001 it was committed to steadily reducing its uncovered forward foreign exchange exposure and would not borrow massively abroad to do so.

Lesetja Kganyago, Treasury deputy director-general, told parliament's finance committee the best policy would be to continue relying on capital inflows from foreign listings by local firms and privatisation proceeds.

The NOFP has fallen to $9.5 billion from more than $20 billion during the 1998 global em

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: