JOHANNESBURG Feb 9 (Reuters) – South African
President Jacob Zuma on Thursday promised to keep the country’s
powerful mining sector “globally competitive”, the latest
comment from a senior government official to knock down the
prospects of nationalising the mines.
In his annual State of the Nation address, Zuma also pledged
a 300 billion rand ($40 billion), seven-year investment plan for
state rail and logistics company Transnet to help it increase
the shipping of iron ore and coal for export.
Unlike previous years, he gave no projections for the budget
deficit or growth in Africa’s largest economy.
($1 = 7.5810 South African rand)
(Reporting by Jon Herskovitz; Editing by Ed Cropley)
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