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We're going into a very deep fiscal hole, says former Treasury official

A Wits professor and former budget chief at the National Treasury tells Sam Mkokeli SA’s finances are in a dire state. He explains how the decline began and points out the constraints that stand in the way of solutions

08 August 2021 - 00:00 By sam mkokeli

South Africa faces serious structural problems, for which there are no easy solutions. That’s according to Michael Sachs, a policy wonk with much experience of crafting and implementing economic policies from deep within the state and the backrooms of Luthuli House...

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