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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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Nigerian state finances.
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…
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DOI: 10.1108/OXAN-DB247562
ISSN: 2633-304X
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However, the MTBPS relies even more heavily on getting powerful public-sector unions to agree to unprecedented wage freezes over the next three years, putting its credibility in…
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DOI: 10.1108/OXAN-DB257211
ISSN: 2633-304X
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A recent IMF mission reported considerable progress towards agreement on a proposed 1.2-billion-dollar rescue package. However, the increasingly authoritarian bent of the…
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DOI: 10.1108/OXAN-DB219948
ISSN: 2633-304X
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Although this was above market expectations and the economy has avoided entering a technical recession, fears persist over the slow pace of reforms by President Cyril Ramaphosa’s…
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DOI: 10.1108/OXAN-DB246195
ISSN: 2633-304X
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SOUTH AFRICA: Airline vote will prompt funding tussle
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DOI: 10.1108/OXAN-ES253923
ISSN: 2633-304X
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The decision of the three rating agencies not to downgrade is a welcome reprieve for Pretoria after months of uncertainty and severe fluctuations in the value of the rand. South…
SOUTH AFRICA: Fiscal woe will heighten pressure on ANC
SOUTH AFRICA: Budget plans may give brief reprieve