In his third prepared budget for the year, the minister said government debt would still stabilise this year but at 77.4% of GDP, higher than predicted in March
South Africa’s debt-to-GDP ratio must drop below 60%, meaning some conditions have to be met – and ensuring state-owned enterprises are effective is a priority
During a webinar on Wednesday evening, the former finance minister said the country needs a stronger social compact and a more detailed recovery plan
A 10-point plan for streamlining South Africa’s economy