EDITORIAL: When debt and politics collide
The combination of knife-edge elections and a yawning fiscal deficit is ominous for the ANC — and for South Africa
13 September 2023 - 06:00
The governing party isn’t big on trade-offs. The notion that you might have to cut money from one place to afford above-inflation salary increases or finance a basic income grant (BIG) doesn’t sit easily in an administration with the same grasp of fiscal rectitude as Carl Niehaus has of tallying dead relatives.
Well, now the moment of truth has arrived — tax receipts have tanked as the commodities bubble has burst and belts have to be tightened. So, where should the National Treasury cut? ..
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