July 13, 2017 / 10:09 AM / 8 days ago

South Africa to sell non-core state assets - finmin

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JOHANNESBURG, July 13 (Reuters) - South Africa Finance Minister Malusi Gigaba laid an ambitious 14-point programme on Thursday to wrench the economy out of recession that included the sale of non-core assets and partial privatisation of state-owned firms.

Gigaba also said the government would reduce the issuance of guarantees to state companies, especially those extended for operational purposes. (Reporting by Mfuneko Toyana; Writing by Olivia Kumwenda-Mtambo; Editing by Ed Cropley)

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