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During his state of the nation address (Sona) the president painted a bleak picture of an economy in distress. Public finances are under severe pressure, youth unemployment is unacceptably high and continues to rise — and state-owned enterprises (SOEs) such as SAA and Eskom continue to be a drain on the public purse.

In October 2019, the finance minister spoke of tax deficits, with the Treasury collecting R53bn less than it had projected. In his much anticipated Budget Review, the finance minister is expected to outline measures to begin to turn this around...

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