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Finance minister Tito Mboweni said in his emergency budget last Wednesday that SA will need to borrow $7bn to cover its budget deficits in the tough years ahead. He has warned that we will have to allocate just under a quarter of our future tax revenue towards servicing the grand debt we are amassing.

Nothing can prevent the economic tsunami that lies ahead — but there are pro-bono, home-grown and practical interventions available to businesses that find themselves in distress...

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