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Mboweni Strikes a Balance Between Austerity & Tentative Optimism

SOUTH AFRICA
  • Positive comment made by Mboweni about avoiding complacency in spending with the budget "dangerously overstretched", although he vehemently denied this being an austerity budget - creating an interesting balance
  • notes gross loan debt increasing from R3.95tn to R5.2tn in 2023/24
  • expects debt servicing costs to increase on average at 13.3%/yr, reaching R338bn in 2023/4 financial year
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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