Gordhan: mine unrest could hit economy hard

Cape Town - 101027 - Pravin Gordhan, minister of finance, delivered the Mid Term Budget report today at Parliament in Cape Town - Photo: Matthew Jordaan

Cape Town - 101027 - Pravin Gordhan, minister of finance, delivered the Mid Term Budget report today at Parliament in Cape Town - Photo: Matthew Jordaan

Published Sep 14, 2012

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Labour unrest sweeping through South Africa's mining sector could be “extremely damaging” for the economy, Finance Minister Pravin Gordhan conceded on Friday.

Gordhan's comments are a shift in tone from last week, when he told a joint government and IMF briefing that the violence was not likely to affect growth in “any significant way”. - Reuters

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