Davos 2024: South Africa’s Godongwana says there are no imminent plans to exploit reserves

by MMC
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South African Minister of Finance Enoch Godongwana downplayed the likelihood of an upcoming decision to tap a 497 billion rand ($26.5 billion) contingency fund held on the country’s behalf by the central bank.

“For now, there is no agreement and there is no pressure on us or on the central bank,” he said in an interview with Bloomberg Television on Tuesday. Francine Lacqua on the sidelines of World Economic Forum in Davos. “We have to be very careful. I think we are more cautious on both sides.

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