South Africa’s fiscal crunch: ‘We do not have the money’
“High debt servicing costs, costly bailouts for state-backed companies and surging public sector wages have taken their toll on an economy beset by stagnant growth and falling tax revenues.”
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More analysis from COVID-19 Africa Watch:
- Interview with Megan McDonald: COVID-19, African Capital Markets, and What Lies Ahead
- Interview: CBK Governor Dr. Patrick Njoroge on Kenya’s Priorities for Economic Resilience and Sustainability
- Strive Masiyiwa: “How can I say science has delivered a miracle to people who are dying?”
- A Global Warning System: Mobilizing Surveillance for Emerging Pathogens
COVID-19 Africa Watch tracks major developments and policy announcements from across the continent and also offers a curated selection of analysis on how the pandemic will impact African economies and development efforts. The site is a project of the Milken Institute’s Global Market Development Practice.
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