Thursday, September 29, 2011

SA to cough up to help euro zone

By Khanyisa Tabata
29 September 2011

Finance Minister Pravin Gordhan has revealed that South Africa could be paying what he described as “a couple of hundred-million-US-dollars” towards a rescue package for troubled euro zone countries.

Gordhan has just returned from the annual meeting of the International Monetary Fund in Washington.

He told journalists that countries had agreed that the world was in the economic crisis together and that all members of the IMF would have to make a monetary contribution towards solving the problem.

Gordhan said that South Africans should be aware of the threats to the economy posed by the global crisis.

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