February 18, 2021

Africa

SOUTH AFRICA: Budget preview – short-term gain, long-term pain?

BY Anne Frühauf

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( 4 mins) Ahead of the 24 February budget, South Africa’s near-term fiscal outlook has improved slightly relative to last October’s disastrous Medium-Term Budget Policy Statement (MTBPS). This is primarily thanks to exogenous factors, not because President Cyril Ramaphosa’s government has suddenly grasped the reform nettle. Despite short-term relief, the sustainability of the economic recovery and reform momentum […]

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