In an era of fiscal repression, formal-sector lending is the problem
Debt relief isn’t the answer because it doesn’t address the right question, which is about people’s lack of access to adequate purchasing power
04 September 2019 - 11:23
Issues as diverse as the debt-relief bill, prescribed assets, fixing Eskom and an International Monetary Fund (IMF) restructuring share a common theme: capital destruction. “Fiscal repression”, a term many associate with the IMF, refers to tools that dilute investor capital to spur a growth strategy.
Having entered an era of fiscal repression without a workable plan, growth blocks must be urgently reassessed...
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