Wednesday 13 November 2019
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allafrica - 7 days ago

South Africa: The MTBPS - Much Worse Than Expected

[Daily Maverick] The mini-budget tabled in Parliament last week is a wake-up call. It shows unequivocally that the path South Africa is on is unsustainable: debt is rising, growth is falling, and there is no real plan to get the government s finances under control. Hope , as Finance Minister Tito Mboweni said, is not a strategy. Until there is one, however, the risks that our public finances pose to the country s future prosperity are enormous.

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