Teneo-Europe-Report

March 19, 2020

SOUTH AFRICA: Pandemic adds uncertainty to government’s wage bill battle

BY Anne Frühauf

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( 5 mins) ● The South African Reserve Bank (SARB)’s rare 100 basis point rate cut today, 19 March, will provide a welcome monetary boost. ● But the fiscal outlook is expected to worsen further, particularly if the anticipated recession and any fiscal stimulus measures combine with a failure to deliver on the government’s promise to cut down […]

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