Skip to content
Subscriber Only

South Africa Committed to Stabilizing Economy, Gordhan Says

  • Difficult economic circumstances to persist for years: Gordhan
  • Rand seen as an important shock absorber for economy
Pravin Gordhan.

Pravin Gordhan.

Photographer: Waldo Swiegers/Bloomberg
Updated on

South Africa’s government is committed to stabilizing the economy and ensuring its budget is fiscally sustainable, Finance Minister Pravin Gordhan said.

Low commodity prices are weighing on growth and difficult economic circumstances are set to persist for “more than just a few years,” Gordhan told reporters in Pretoria, the capital, on Thursday.