JABULANI SIKHAKHANE: Why selling gold and foreign exchange contingency reserves is folly
SA would be vulnerable to the flight of foreign investors, spooked by local or international events
SA is confirming what its well-wishers globally have been dreading for some time: the country has lost its head when it comes to the management of government finances and the economy.
This confirmation comes via the proposal to cancel the country’s self-protection so that the government can pay civil servant salaries and throw money into the big black hole also known as state-owned enterprises. The country’s economic and financial weaknesses suggest now is not the time for this kind of folly...
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