Rising South Africa inflation a risk to cost of doing business: Nene

A worker inspects cars at BMW's manufacturing plant in Rosslyn, outside Pretoria, September 13, 2010. REUTERS/Siphiwe Sibeko·Reuters· (Reuters)

JOHANNESBURG (Reuters) - Rising consumer inflation in South Africa poses a significant risk to the purchasing power of consumers and the cost of doing business in the country, Finance Minister Nhlanhla Nene said on Friday. In a speech prepared for delivery to university students, Nene said the key challenges to the ailing economy were domestic, citing strikes that have hit the mining and manufacturing sectors.

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