South African Rate Cut Seen to Bolster Economy

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July 24 (Bloomberg) -- South Africa’s Public Enterprises Minister Malusi Gigaba talks about the outlook for the South African economy after the World Bank cut its growth forecast for the country. The South African Reserve Bank on July 19 cut its key interest rate by half a percentage point to 5 percent, its first reduction in 20 months. Gigaba speaks with Guy Johnson and Francine Lacqua on Bloomberg Television's "City Central." (Source: Bloomberg)


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