ANC in downward spiral of debt, growing social dependence, massive wage bill via SATodayNews
ANC in downward spiral of debt, growing social dependence, massive wage billANC in downward spiral of debt, growing social dependence, massive wage bill
The reduction of one percentage point sends out a positive message, which will serve as a stimulus for the business environment and raise investor confidence. It also serves as a solid foundation on which to keep building. Government debt currently stands at R4,3 trillion and is expected to increase to R5,4 trillion in the medium term. Additionally, debt-service costs average R330 billion annually over the medium term.
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