The ANC’s ‘pension plan’ for South Africa
Jul 27, 2020
2 minutes
POLITICAL PERSPECTIVE
BY DR JAN VENTER
The South African economy is in deep trouble. According to Investec, the June 2020 Supplementary Budget Review showed that this decade is expected to begin with a massive plunge in the health of government finances, with a fiscal deficit of -14,6% of GDP, and gross debt as a percentage of GDP of 81,8% projected for this fiscal year.
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