Economy: Light amid the gloom

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South Africa Headlines News

The economy may look grim but analysts say now is not the time to go into hibernation

Finance minister Tito Mboweni painted a grim economic picture for SA in his medium-term budget policy statement.

Andre Cilliers, currency risk specialist & director at TreasuryOne, calls the public sector wage bill untenable and says:"Government’s debt spiral is accelerating and capital expenditure is in decline."A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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