Should President Cyril Ramaphosa resign, economic policy won’t change, Finance Minister Enoch Godongwana said, while stressing that he expects him to stay in his post. | News24_Business
“Any president is not going to pursue individualistic polices outside the framework of the party,” Godongwana said in an interview with Bloomberg Television on Friday. Economic measures that will be announced in the February budget will follow on from last month’s budget update, he said.
The day after the findings were released, the nation’s currency posted its worst one-day loss since May while the government’s borrowing costs surged the most since 2015. The price of South African five-year credit default swaps climbed by the most since March 2020, indicating investor nervousness about political instability.
“We are used to this kind of disruption and we have always found ways of managing it,” Godongwana said. “It’s noisy, it is our nation.”
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