Corporate SA’s role in debt crisis
Government profligacy is all to blame for our debt woes, right? Wrong. The private sector has much to answer for too
14 May 2020 - 05:00
SA has a substantial sovereign debt problem. Much has been made, rightly, about the revaluation of the government’s debt to junk status, after Moody’s joined S&P and Fitch in downgrading the country in March.
But one dimension of this saga that has not received proper attention is the responsibility that corporate SA has in the government’s debt problem...
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