SA finance minister flip flops on inflation targeting


Concern over the durability of South Africa's inflation-targeting framework hit the rand on Thursday following comments by Pravin Gordhan, the country's finance minister.

Gordhan told Radio 702, a South African broadcaster, on Thursday morning that the central bank had to be "mindful of growth" and "approach inflation in a way that is totally different from the past."

The rand dipped 0.7% against the dollar to R7.66 after the comments fuelled long-held suspicions among investors that the Jacob Z

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