Economy: Light amid the gloom
The economy may look grim but analysts say now is not the time to go into hibernation
03 December 2019 - 12:00
Finance minister Tito Mboweni painted a grim economic picture for SA in his medium-term budget policy statement.
Andre Cilliers, currency risk specialist & director at TreasuryOne, calls the public sector wage bill untenable and says: "Government’s debt spiral is accelerating and capital expenditure is in decline."
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now