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

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● 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 fai...

 

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Teneo-Europe-Report

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

● The South African Reserve Bank (SARB)’s rare 100 basis point rate cut today, 19 March, will provide a welcome monetary boost. ● But