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SOUTH AFRICA: Is the MTBPS worth the paper it’s written on?

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Finance Minister Tito Mboweni’s Medium-Term Budget Policy Statement (MTBPS) includes a less “active” stabilization of South Africa’s runaway debt than promised in June.
The government now makes even bigger promises on cutting the public-sector wage bill – a good signal but i...

 

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SOUTH AFRICA: Is the MTBPS worth the paper it’s written on?

Finance Minister Tito Mboweni’s Medium-Term Budget Policy Statement (MTBPS) includes a less “active” stabilization of South Africa’s runaway debt than promised in June. The