JOHANNESBURG, April 16 (Reuters) – South Africa’s Finance
Minister Pravin Gordhan said on Monday he was concerned about
the volatility in the rand’s exchange rate.
Speaking to reporters at a breakfast presentation ahead of
the G20 IMF/World Bank meetings later this week, Gordhan said
the volatility has always been a concern.
“But these are driven by external events that are beyond our
control, and that is why we keep emphasizing that the G20
countries need to do more to create stability in the global
economy that will lead to less volatility,” Gordhan said.
(Reporting by Stella Mapenzauswa, Writing by Xola Potelwa)
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