HILARY JOFFE: No fall off a fiscal cliff, but a slow-burn route to ‘financial repression’
To cope with spiralling debt, the government is likely to try to find ways to access private capital
10 November 2023 - 05:00
In the boardrooms of banks and other financial institutions last week’s medium-term budget policy statement will have prompted conversations on what the likely path for the public finances looks like — and what it will mean for them.
These are not new conversations for these institutions, which manage the deposits and savings of millions of South Africans. But they are gaining new urgency as the public debt spirals, and measures to force all of that private money to help, become ever more likely. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.