South Africa on its way to become another Zimbabwe or Venezuela South Africa has three months left to get its fiscal house in order or risk losing its investment-grade rating. With the economy stagnating, an unemployment rate that’s stuck at about 30% and the country in danger of losing its sole investment-grade credit rating as the state’s finances deteriorate.South Africa’s public finances are in a perilous state. Economic growth is low or non-existent. The tax revenue collection is repeatedly below forecasts. Debt levels have risen rapidly and are now at their highest levels in the post-apartheid era. And Finally, The...
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