Neoliberal fiscal rule will entrench austerity
Commitment to a primary budget surplus will damage an economy on its knees
02 February 2025 - 00:00
Seven months after the ANC formed a government of neoliberal unity with nine other parties, South Africa still does not have a plan to increase GDP growth and reduce unemployment. The more things change, the more they remain the same. The GNU feels like an ANC government and is implementing the party’s failed policies that got us into the current economic crisis. Despite political theatrics over issues such as the Expropriation Act, the reality is that the ANC and the DA agree on macroeconomic policy...
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