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MTBPS Doubles Down on Fiscal Consolidation, With Tax Revenues to Target Deficit

  • On Eskom, "government will take over a significant portion of the utility’s R400 billion debt." and will adopt between R130-260bln in current debt. The selection of debt is still to be determined.
  • Speech also includes section on avoiding grey-listing, details a number of laws on AML and corruption to meet demands from the FATF.
  • Higher-than-expected tax revenues are to: reduce the deficit, make additions to infra spending, address fiscal risk
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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