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MTBPS likely to lead to rating downgrades before year end

By Janice Roberts at New Media
26 October 2017 • 1 min read

by Johann Els – Senior Economist at Old Mutual Investment Group.

Minister Gigaba’s first Medium-Term Budget Policy Statement missed the mark completely, raising the deficit and debt targets substantially without a plan to bring them back over the medium-term expenditure framework. (more…)


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