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Africa Summit: South Africa's Gordhan talks up economy

Tuesday, Apr 09, 2013 - 01:27

April 9 - Finance Minister Pravin Gordhan says South Africa's central bank has done well to balance economic growth and the need to create jobs in its policy decisions.

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South Africa's finance minister was in buoyant mood when he sat down to talk to Reuters. Having -- and says the Central Bank has done well to balance the continent's largest economy but they've done fairly well to have to take. The economic growth and employment situation into account we do have the most and to -- to do it for what that -- -- -- something. At that at this point in time and ultimately. Given all of external and and and African effective as -- left up landmines and then see how best. To management team policy. As you can see around the world that there's an -- that's put an unconventional actions and having taken. Way which. And in the way out of -- orthodoxy would've looked down upon South Africa's recovery from recession in 2009 has been slow. Foreign portfolio flows into local bonds have helped -- a current account deficit of more than 6% of gross domestic product but there's no immediate danger. If -- as you see it. To those who votes and that they have the same time we looking harder than it -- who have moved to. Ensure that in either -- from quantitative easing is managed in the way in which. It doesn't send them out that around the shockwaves. Through the global system. The reserve bank left the repo rate to historic low of 5% last month it's expected stay on hold through 2013.

Africa Summit: South Africa's Gordhan talks up economy

Tuesday, Apr 09, 2013 - 01:27

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