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New FinMin Godongwana to Follow in Predecessor's Tight Fiscal Footsteps

SOUTH AFRICA
  • *S. AFRICA'S GODONGWANA SAYS WILL PURSUE POLICY CONTINUITY
  • This likely means a tight handle on the fiscal side - in line with his predecessor Mboweni
  • In recent comments Godongwana downplayed the likelihood of a Basic Income Grant that could cost ~R420bn/yr, saying that it was likely to create "grant dependency" and would rather look to policies that induced structural growth
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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