While the government has committed to providing financial help to South Africans impacted by the social unrest and Covid-19 lockdowns, Treasury has also made it clear that the country’s fiscus is not in great financial shape.
In a media briefing this week, finance minister Tito Mboweni said it is vitally important that the country reflects on its fiscal challenges and how to address them.
“South Africa’s fiscal situation remains serious and should not be conflated with the capacity of advanced economies, as some commentators mistakenly do,” he said.“Government finances remain at substantial risk, including due to the debt burden of over […]
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