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Vol 61 No 13

Published 25th June 2020


South Africa

State companies in the firing line

With the ANC leadership united to fight the pandemic, President Ramaphosa may bring in liberalising reforms and end the bail-outs

Finance Minister Tito Mboweni's post-Covid-19 budget is a balancing act that offers President Cyril Ramaphosa a chance to radically restructure the country's ailing state-owned enterprises (SOE) or submit to terms imposed by the International Monetary Fund (IMF) in exchange for finance by 2024, economists say.

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