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The new Finance Minister is 45-year-old Malusi Knowledge Nkanyezi Gigaba, previously Minister of Home Affairs.
A current account deficit implies that the country’s domestic production is unable to keep pace with domestic demand.
Oil experts say delays to make such a move, however, will likely bring oil prices further down.
China, Chile and Egypt - among others - partially lift Brazilian import ban.
Chinese Premier Li Keqiang is on a state visit to the Australian capital Canberra.
This will function as a centralized customs clearance, warehousing, and fulfillment facility for Malaysia and the region.
Russia was the second largest weapons exporter accounting for 23 per cent of all global arms sales in 2016.
India and China are expected to consume medicines at a faster rate than any other country over the next five years.
But political tensions in South Africa could derail the government's economic growth plans, experts say.
The combined Vodafone-Idea group are set to become India's largest telecom operation with almost 400 million customers.