Big shortfall in SA finances

[Vrotappel]

Link

South Africa is on course to be as much as R60bn below its revenue collection target by the end of the year if the present trend continues.

The wheels are starting to come off..

 

[R13...]

People are losing jobs and manufacturing/mining are down. What do you expect? I wouldn't say its the end of the world though.

 

[brixton tower]

Will definitely take much more for the wheels to comme off. Although R60b cant be saved overnight at least its not money that govt owes to anyone. They'll simply have to revise the revenue targets in the short term and keep a grip on spending.