LETTER: Medium-term budget likely to be definition of stupidity
It is clear SA cannot keep using neoliberal policies and keep hoping for a different result
25 October 2019 - 16:18
On October 30, SA will hear the medium-term budget policy statement from the finance minister, where he is expected to announce more austerity measures and even up to a 7% cut of the fiscus.
These cuts will come at a time South Africans have endured 537,000 unemployment increases in the first quarter of 2019, totalling 10.2-million unemployed South Africans, the hardest-hit group being black African women where unemployment sits at 47%, and the youth with a 55% unemployment rate. According to a World Bank Report, SA is also the most unequal country in the world...
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