Unemployed builders, tilers and plumbers seeking employment stand on the side of a road in Johannesburg soliciting for jobs. The government has revised South Africa's already grim economic outlook downward in its budget review for the 2020 fiscal year.
South Africa’s newest budget review paints a bleak picture for the country’s economy over the next three years. The budget plan for the 2020 fiscal year, unveiled Feb. 26, projects economic growth over the next three years of just 0.9 percent, 1.3 percent and 1.6 percent, respectively – and this...
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