Bloomberg News

South Africa’s Trade Minister Says Rand Volatility a ‘Problem’

October 14, 2011

Oct. 14 (Bloomberg) -- South African Trade and Industry Minister Rob Davies said while the rand has depreciated, it is still a “problem” because it has become more volatile.

The government is looking at concerns raised by manufacturers about high port costs and power prices, Davies told reporters today in Cape Town.

To contact the reporter on this story: Mike Cohen in Cape Town at mcohen21@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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