Carol Paton Editor at large

Business for SA (B4SA) has warned that the government will be unable to fund the budget from domestic savings over the next three years, making it necessary for the country to raise a far larger portion of capital in foreign markets.

The warning comes as finance minister Tito Mboweni prepares to table a supplementary budget in parliament on Wednesday, made necessary by additional spending because of the Covid pandemic and a dramatic collapse of tax revenue.

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