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Vol 62 No 5

Published 4th March 2021


South Africa

Mboweni's budget choice – austerity or bust

The straight-talking finance minister faces multiple attacks as he tries to hold down civil servants' wages and cut state company funding

With more spending cuts and a slew of tax rises Finance Minister Tito Mboweni's budget today will make enemies across the board. Even after this, he may not be able to fight off a further downgrade of the country's debt by the ratings agencies.

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