Weak growth and higher spending pressures hit public finances
We have not pencilled into our baseline any new major spending allocations, says Absa’s Miyelani Maluleke
Absa bank has added its voice to a list of institutions decrying the country’s public finances, which it says are challenged by weak growth and spending pressures.
SA’s fourth-largest bank warns that these pressures will only add to slippage in the present fiscal year and probably carry over into 2024/2025...
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