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."
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