Yuan devaluation to impact South Africa's exports:cenbank governor

JOHANNESBURG (Reuters) - China's devaluation of its currency to stem an economic slide will impact the competitiveness of South Africa's exports, while upside risks to inflation remained due to local and global pressures, central bank governor Lesetja Kganyago said on Tuesday. Kganyago, speaking at the Reuters' Economist of the Year event, added that the bank's tightening cycle would be a moderate one following a 25 basis point rate hike in July. ...