S.Africa to focus on growth after Fed holds rates - finmin - CNBC Africa

S.Africa to focus on growth after Fed holds rates - finmin

Southern Africa

by Reuters 0

South Africa's response to the U.S. Federal Reserve keeping interest rates on hold will be to implement reforms.PHOTO: REUTERS/Sumaya Hisham

South Africa's response to the U.S. Federal Reserve keeping interest rates on hold will be to implement reforms aimed at boosting economic growth and invest in infrastructure, Finance Minister Nhlanhla Nene said.

"Our response lies in our structural reforms and the growth strategies," Nene told reporters, adding that Africa's most advanced economy will continue its infrastructure investments.

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