Minerals Council South Africa Lauds a Realistic Budget Speech and Its Sobering Assessment of Debt, Grants and Failing State-Owned Companies
February 24, 2022
February 24, 2022
JOHANNESBURG, South Africa, Feb. 24 -- The Minerals Council South Africa issued the following news release:
The Minerals Council South Africa welcomed the realistic and pragmatic maiden annual budget speech by Finance Minister Enoch Godongwana which acknowledged the critical role mining plays in the South African economy.
Worryingly for the country, debt is forecast to rise to R5.4 trillion over the medium term from R4.3 trillion, which is already incurring debt-servici . . .
The Minerals Council South Africa welcomed the realistic and pragmatic maiden annual budget speech by Finance Minister Enoch Godongwana which acknowledged the critical role mining plays in the South African economy.
Worryingly for the country, debt is forecast to rise to R5.4 trillion over the medium term from R4.3 trillion, which is already incurring debt-servici . . .