Pravin Gordhan

South Africa’s finance minister Pravin Gordhan says the knock-on effect of the Fed’s tapering announcements has taught the US and emerging economies valuable lessons. He talks to Andrew England about how governments can navigate markets more smoothly.

Should South Africa have a debt ceiling? The question was raised in a report earlier in October by the IMF, which suggested that the country might want to put one in place as its fiscal position deteriorates.

But in London on Tuesday, South African finance minister Pravin Gordhan dismissed the idea, suggesting that the Fund was barking up the wrong tree. 

After the GDP numbers, the budget: South Africa’s finance minister Pravin Gordhan delivered the national budget on Wednesday, following Tuesday’s confirmation that GDP was 2.5 per cent for 2012.

What did analysts and the media make of it? Beyondbrics presents a round up.