Investors are demanding almost a 6% real cost of funding to lend the government money. 'Our government is paying significantly more to borrow money than most countries in the world.'
Duncan Artus, the new chief investment officer at Allan Gray, one of SA's largest asset management firms, says every day that the government fails to implement critical reforms, the country moves closer to an inescapable downward spiral.This article is reserved for Sunday Times subscribers.Already subscribed? Simply sign in below.
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