JOHANNESBURG, July 21 – South Africa would not be able to escape an escalated European crisis unscathed, Finance Minister Pravin Gordhan said on Thursday, adding its direct economic exposure to the countries affected was reasonably low. The rand currency touched a near-two month low of 7.002 on Monday and government bonds have also fallen this week as investors dumped riskier assets on worries about debt problems besetting some euro zone countries.
Source: Reuters Africa newsletter
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