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However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.
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DOI: 10.1108/OXAN-DB285317
ISSN: 2633-304X
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Geographic
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Facing major shortfalls in tax collections, the Treasury has therefore requested government departments to implement immediate spending cuts and has recommended far-reaching…
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DOI: 10.1108/OXAN-DB282150
ISSN: 2633-304X
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Geographic
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The deal will see the state assume or help pay ZAR254bn (USD13.7bn) of Eskom’s debt and comes amid a debilitating increase in breakdowns of generating capacity that mean the…
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DOI: 10.1108/OXAN-DB276623
ISSN: 2633-304X
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This level was briefly reached in 2017, as well as during the 2008-09 global financial crisis. Interest rates are expected to rise further until inflation moves back within…
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DOI: 10.1108/OXAN-DB274430
ISSN: 2633-304X
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Until recently, worsening indicators were confined to small-town and rural areas, but now, as the report highlights, the problem has spread to major metropolitan local government…
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DOI: 10.1108/OXAN-DB262722
ISSN: 2633-304X
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Geographic
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Prospects for African economies to end-2022.
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DOI: 10.1108/OXAN-DB271099
ISSN: 2633-304X
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A violent clampdown on the opposition and civil society groups in January and February prompted the US government to renew sanctions, while the UK government has put cooperation…
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DOI: 10.1108/OXAN-DB242610
ISSN: 2633-304X
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Amid a surge of COVID-19 infections, however, the government appears focused on the health rather than the economic aspects of the crisis.
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DOI: 10.1108/OXAN-DB253988
ISSN: 2633-304X
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Meanwhile, the already dire state of public finances is set to deteriorate further as the economic impacts of the COVID-19 dampen revenues and increase debt, further undercutting…
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DOI: 10.1108/OXAN-DB253562
ISSN: 2633-304X
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This followed two days after Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement (MTBPS), which offered an honest assessment of the steep deterioration in the…