situation report

South Africa: Finance Minister Warns of 'Debt Trap' Amid Slow Economic Growth

Oct 30, 2019 | 17:24 GMT

The South African Finance Ministry will have fewer funds to spend on health, education and infrastructure initiatives due to slow economic growth, costly bailouts for state-owned enterprises and smaller-than-expected tax revenue, according to Finance Minister Tito Mboweni, Fin24 reported Oct. 30....

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