Tuesday, May 15, 2007

S.Africa C/A deficit to suffer World Cup penalty

(Reuters) - Imports of construction equipment and other goods for the 2010 football World Cup in South Africa will further pressure the country's negative balance of payments, its deputy finance minister said on Tuesday.

"Yes, indeed there is going to be an impact on the balance of payments, but it's a good, healthy one because it's importing capital goods to expand your economic capacity," Deputy Finance Minister Jabu Moloketi told reporters in Pretoria.


Read more at Reuters Africa

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