JOHANNESBURG – South Africa would not be able to escape an escalated European crisis unscathed, Finance Minister Pravin Gordhan said yesterday, adding however that its direct economic exposure to the countries affected was reasonably low.
‘The greater risk for South Africa is the potential for contagion that results in a prolonged and expanding crisis in Europe and undermines global growth significantly,’ Gordhan said in an opinion piece published in the Business Day newspaper.- Nampa-Reuters
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