To infinity and beyond
28 June 2017 21:12 (South Africa)

Gordhan wary of 'competitive devaluation'

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

Speaking at the National Consumer Goods Council of SA's annual meeting, finance minister Pravin Gordhan warned of what the current "currency wars" could lead to down the line, stating that they could create "trade wars", where countries devaluate their currencies in order to gain a competitive advantage in international trade. Gordhan suggested that instead of continuing the currency wars, national interests should come after global interest, so that everyone can benefit. Read more: Fin24

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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