Gordhan

This is putting upward pressure on exchange rates, said South African Finance Minister Pravin Gordhan, chairman of the Group of 24.

Easy Money Churns Emerging Markets Alex Frangos 2010

Finance Minister Pravin Gordhan cautioned Tuesday against competitive action to depress currencies, which he said may eventually lead to a trade war as countries establish barriers to protect their own economies and jobs.

South Africa Warns on Joining 'Currency War' Robb M. Stewart 2010

Bloomberg News Pravin Gordhan cautioned against competitive action to depress currencies.

South Africa Warns on Joining 'Currency War' Robb M. Stewart 2010

Details of the proposals will be released by Finance Minister Pravin Gordhan in his medium-term budget policy statement Wednesday, it said.

South Africa to Aim for Weaker Rand to Spur Growth Robb M. Stewart 2010

AFP/Getty Images South African Finance Minister Pravin Gordhan delivered his medium-term budget to parliament.

South Africa to Loosen Exchange Controls Robb M. Stewart 2010

JOHANNESBURG—A stronger rand is helping to mute inflation pressures fanned by rising global food and oil prices, South Africa's Finance Minister Pravin Gordhan said Monday.

Minister: Stronger Rand Helps Curb Inflation Mariam Isa 2011

Mr. Gordhan said real growth in spending, which included the effect of inflation, had slowed to 2.7% a year from 9% a few years ago, which didn't mean that the government had abandoned prudent fiscal policy.

Minister: Stronger Rand Helps Curb Inflation Mariam Isa 2011

Mr. Gordhan also signaled that the government wasn't going to change its policy of inflation targeting, which has come under fire from labor unions, who say the government keeps interest rates too high for the economy.

Minister: Stronger Rand Helps Curb Inflation Mariam Isa 2011

A stronger rand is helping to mute inflation pressures fanned by rising global food and oil prices, South Africa's Finance Minister Pravin Gordhan said, adding the country needed a "growth-friendly" policy on budget deficits and spending, as the economy was too sluggish to warrant the kind of fiscal austerity seen elsewhere in the world.

World Watch 2011

"We are not growing fast enough...not putting enough people into jobs fast enough," Mr. Gordhan said.

Minister: Stronger Rand Helps Curb Inflation Mariam Isa 2011