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
29 November 2023 - 05:00
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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