FINANCIAL TROUBLES

South Africa on one-way ride to a debt crisis, warns Michael Sachs

Budget office head's warning comes ahead of the tabling of the medium-term budget policy statement by finance minister Tito Mboweni

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South Africa faces an inevitable fiscal crisis because it will not be politically possible or desirable to impose the kind of budget adjustments envisaged by the Treasury, says former budget office head and Wits adjunct professor Michael Sachs...

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