S.Africa could still suffer post Brexit shocks: deputy governor Mminele

by Reuters 0

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South Africa could still see a sharp decline in investment flows and bouts of currency volatility following Britain’s decision to quit the European Union last month, deputy governor of the central bank said on Wednesday.

“South Africa’s trade links are relatively small, but could suffer the most, given its strong investment and financial links with the UK,” South African Reserve Bank Deputy Governor Daniel Mminele said in a speech posted on the bank’s website.