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Treasury Won't Increase Borrowing to Fund R36.2bn Post-Unrest Relief Package

SOUTH AFRICA
  • SOUTH AFRICA'S RELIEF PLAN TO COST 36.2B RAND: TREASURY
  • SOUTH AFRICA NOT OPTING TO INCREASE BORROWING: TREASURY
  • Commitment to the fiscal ceiling here is positive, with Mboweni noting in prior statements that additional funding would be taken from this year's tax windfall on higher miner profits, and also from re-prioritising from other budgets
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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