Sarb deputy says domestic woes are impacting growth

daniel-mminele

A deputy governor of the South African Reserve Bank, Daniel Mminele, on October 14, said the country's growth forecast will likely need re-adjustment downwards in the wake of domestic troubles.

Speaking at a JP Morgan Investor Seminar in Tokyo, Mminele said the South African currency – the rand – has "decoupled" from movements in the euro and US dollar, and is now mirroring domestic developments. Recent depreciation of the currency, he said, is a response to widespread strike action in a range

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