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Assessing and promoting civil and minority rights in South Africa.

[Source: Moneyweb by Tebogo Tshwane.]

National Treasury has emphasised the need to arrest growing state debt, warning that a default or fiscal crisis could see the South African economy lose an estimated R2 trillion by the end of the decade.

On Tuesday it released technical guidelines that must be followed by government departments and public institutions as they prepare their medium-term budget estimates for the 2021 budget. The process is in line with Finance Minister Tito Mboweni’s earlier instruction that public institutions adopt a zero-based budgeting approach to ensure the effective use of shrinking state resources.

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South Africa at a Glance
59 620 000 (mid 2020 estimate)
3.2% y/y in July 2020 (CPI) & +1.9 y/y in July 2020 (PPI)
-51% q/q (2nd quarter of 2020)
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