South Africa's Finance Minister Nhlanhla Nene delivers his 2015 Budget Speech at Parliament in Cape Town

South Africa committed to prudent fiscal policy - finance minister

JOHANNESBURG (Reuters) - South Africa is committed to a prudent fiscal policy aimed at stabilising its debt to GDP ratio, Finance Minister Nhlanhla Nene said on Thursday.

"Cabinet has agreed that fiscal sustainability must remain the focus," Nene told a Moody's conference by video link. "It is government's intention to pursue a prudent fiscal policy that stabilises our debt to GDP ratio in the long term."

(Reporting by Alexander Winning; Editing by James Macharia)

2018-09-13 14:33:23

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