We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

In the darkest depths of the pandemic in 2020, I warned that SA was unlikely to pull out of its fiscal death spiral. We had left it too late to fix the economy, and the pandemic had made everything immeasurably worse.

There were several reasons to believe SA was headed for a debt trap, I said. First, Covid-19 had caused the need for income support to explode at a time when SA’s fiscal position had never been weaker. The emergency Covid social relief of distress (SRD) grant risked becoming permanent. This would cost money the government did not have...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now