Lessons for SA: Beware this blueprint for financial disaster
Sri Lanka is the cautionary tale. Margins of safety are gone. One significant misstep from here on out could be economically fatal.
Sri Lanka is the cautionary tale. Margins of safety are gone. One significant misstep from here on out could be economically fatal.
Finance Minister Tito Mboweni’s commitment to slash government spending is unlikely to rein in debt and stabilise state finances over the medium term.
Amid the noise the very real danger is that everyone forgets the real issue — just three in 10 government departments and entities comply with the law.