Officials soothe jittery market

South Africa's top finance officials moved to soothe a jittery foreign exchange market yesterday as the rand hovered just above…

South Africa's top finance officials moved to soothe a jittery foreign exchange market yesterday as the rand hovered just above its all time low against the dollar. New Finance Minister Mr Trevor Manuel and Reserve Bank governor Mr Chris Stals showed a united front at a joint news conference, backing a gradual approach to removing exchange controls and scotching talk that the central bank chief might resign.

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