Ntshavheni slams private sector for trying to collapse SA with rand manipulation [Video]

Minister in the Presidency Khumbudzo Ntshavheni says South Africa’s economy remains strong despite attempts by the private sector to collapse it.

Ntshavheni briefed the media in Pretoria on Monday regarding the outcomes of last week’s Cabinet meeting.

Answering a question about UK-based multinational bank, Standard Chartered’s admission to manipulating the rand, the minister accused the private sector of trying to dismantle the state.

“It is a very sad state. We have maintained over the period that the performance of the rand and sometimes the performance of the economy has been manipulated by the private sector, who have no interest in the development of this country,” she said.

Ntshavheni said the private sector continued to “engineer and do machinations to ensure that the government collapses”. 

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