Bloomberg Television published this video item, entitled “Standard Bank Lauds South African Budget Cuts, Urges Reforms” – below is their description.
Africa’s largest lender praised the South African government’s decision to pare back spending in this week’s budget update, while calling for the speedier implementation of reforms to kick-start economic growth. The speech by Finance Minister Enoch Godongwana was well received by investors, as evidenced by a strengthening of the rand and the stock market, and a drop in bond yields, Standard Bank’s Chief Executive Officer Sim Tshabalala said in an interview with Bloomberg TV from New York.
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Bloomberg Television YouTube Channel
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