So says fin min Gordhan speaking on 702 Radio
- govt recognizes challenges facing SA
- sees tough decisions on managing SA finances
- agriculture and mining in difficulty
- there's a strong negative sentiment against EM economies
- South African Airlines has accepted decision on airbus aircraft
- govt committed to working with all stakeholders on growth
The rand has been another casualty of the commodity and Chinese fall out and unlikely to perk up any time soon.
USDZAR currently 16.5240 near session highs
