South Africa Treasury Says It Can Weather Shocks Like Iran War

South Africa’s stronger public finances have given the county a sizable cushion to absorb external shocks — such as the fallout from the conflict in Iran, according to the head of the National Treasury.

“It would take a very large shock to derail our fiscal plans,” Treasury Director-General Duncan Pieterse told Bloomberg in an interview on Monday. “We have geared ourselves in a way that we can manage some deviation.”