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South African Minister of Finance Pravin Gordhan raised his budget deficit target to 4.8 percent of gross domestic product in the year through March, compared with a February estimate of 4.6 percent after lowering the tax collection goal by about 4 billion rand.

Photographer: Rodger Bosch/AFP/Getty Images

South African Minister of Finance Pravin Gordhan raised his budget deficit target to 4.8 percent of gross domestic product in the year through March, compared with a February estimate of 4.6 percent after lowering the tax collection goal by about 4 billion rand.
October 26, 2012
Article
Gordhan Scrambles to Reassure Investors on S. Africa Budget
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