Finance minister Tito Mboweni painted a grim economic picture for SA in his medium-term budget policy statement.
Andre Cilliers, currency risk specialist & director at TreasuryOne, calls the public sector wage bill untenable and says:"Government’s debt spiral is accelerating and capital expenditure is in decline."A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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Economists predict economy will shrink as SA's GDP figures contract - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Economists predict economy will shrink as SA’s GDP figures contract The country’s economy is expected to contract yet again in the third quarter of 2019. 😣😭😭😭 I need money please 😩
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SA economy contracts by 0.6 percent in third quarterStats SA releases third-quarter GDP figures showing South Africa's economy contracted by 0.6 percent. Thatha Ramaphosa! Lead us to the drain Mr New Dawn, we are all yours!😊☺️😊 CyrilRamaphosa Nice choice of words... “Contracts” Lol when it's your lovies it contracts when it's economy is falling, cupcake is showing us flames. New dawn is the new junk of SA.
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