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US Won’t Sanction South Africa Over Weapons Row, Godongwana Says

  • Market stability to return when furor dies down: Godongwana
  • American ambassador accused Pretoria of sending arms to Russia
Enoch Godongwana

Enoch Godongwana

Photographer: Dwayne Senior/Bloomberg
Updated on

South African Finance Minister Enoch Godongwana said his country resolved a row with the US over allegations that Pretoria supplied weapons to Russia and it’s unlikely to face any repercussions. The rand rallied after dropping to a record last week.

“A number of actions were taken in order to ensure that our relationship with the US remains and that relationship should be normal and cordial,” the minister said. “The Americans are not likely to respond with any anger tomorrow.”