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Monetary reserve proposed for SADC countries

The African Development Bank (AfDB) wants SADC countries to put five percent of their monetary reserve towards the establishment of an infrastructure bond that would help speed up infrastructure development in rail, water, ports and energy. The...

SA faces formidable challenges

Finance Minister Pravin Gordhan tells Parliament the global economic environment remains weak, with risks relating in particular to the situation in the euro zone. South Africa is living through “dangerous times” and faces...