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South Africa Budget: Huge Wage Bill Cut Raises Credibility Issues, Questions Over Fiscal Health

South Africa’s recently-revealed 2020 budget review contained a series of ambitious pledges designed to win over markets and restore public sector finances, including a ZAR160bn in cuts to public wages over three years, but analysts say the move raises credibility issues and likely sets the stage for a battle with the nation’s powerful unions.

Feb 28, 2020 // 3:00AM

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