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Assessing and promoting civil and minority rights in South Africa.

[Source: BizNews by Anthea Jeffery.]

Finance minister Tito Mboweni expects a revenue shortfall of R250bn over the next three years, an increase in public debt from R3trn to R4.5trn, a 6.2% budget deficit on average, and a debt-to-GDP ratio of 71% in 2022, rising to 81% by 2027 if current trends continue.

In the face of these figures, as Mr Mboweni told his comrades in the African National Congress (ANC) and South African Communist Party (SACP), ‘there is no status quo option’, while ‘the consequences of not acting now will be grave’.

Which means it’s time to slaughter three sacred cows – and then develop pragmatic and effective policy alternatives instead.

Continue reading here.

South Africa at a Glance
58 780 000 (mid 2019 estimate)
3.7% y/y in October 2019 (CPI) & +4.1 y/y in September 2019 (PPI)
3.1% q/q (2nd quarter of 2019)
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