South Africa's finance minister Pravin Gordhan said on Thursday nationalisation of mines is not part of government policy and he does not expect any change of policy on this issue.
Gordhan also told Reuters Insider in an interview that South Africa currently is using reserve building and currency swap operations to control the rand which has surged almost 5% to the dollar this year.
Calls have been made in the country, especially by the powerful trade unions, to tame the currency via a capital inflows tax, but Gordhan said the finance ministry was studying other countries' experiences on this.
"We will study all pros and cons and evaluate," he said.
Naturally the cons far outweigh the pros.
