Stanlib says National Treasury is delaying the inevitable by not making additional provisions for SA’s ailing state-owned entities, warning that a contingency reserve won’t be sufficient should the government yield to pressure for further support.

Finance Minister Enoch Godongwana on Wednesday set aside R27bn for a contingency reserve over the medium term to cushion the fiscal framework, but Sylvester Kobo, head of fixed income at the asset management behemoth, said the amount is a big risk heading to the February budget...

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