SA’s economic nosedive ends hope of Ramaphosa confidence boost
SA’s shock 3.2% first-quarter contraction points to faster and deeper cuts in state spending
The economic nosedive in the first quarter of 2019 has ended hopes that President Cyril Ramaphosa’s eight-month-old promises of economic stimulus has boosted confidence, pointing to faster and deeper cuts in state spending as the country seeks to stave off credit-ratings downgrades.
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