Picture: BLOOMBERG/ GETTY IMAGES/ RAMIN TALAIE
Picture: BLOOMBERG/ GETTY IMAGES/ RAMIN TALAIE

In an attempt to deal with the rising budget deficit, finance minister Tito Mboweni has promised to slash the public sector wage bill.

But will this be enough for the country to escape a downgrade to subinvestment grade from Moody’s?

SEB’s chief emerging markets strategist, Per Hammarlund, shares his views with Business Day TV.

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