Commodity boom will not last, says Manuel

Manuel said in a speech at the University of Namibia on Thursday that the current upswing in commodity prices would "stay in the short-to-medium term".

"The current commodity super-cycle and boom has lasted for some seven years, and we cannot predict when the trend will be reversed," he said in the speech. Demand from growing economies such as China and India has pushed up prices for commodities like gold, platinum and oil, which Africa is rich in.