SA's troubles are mounting, IMF warns

[rvZA]

The IMF has warned that SA faces "mounting economic and social challenges" as economic growth recedes, consumer and business sentiment remain weak, and energy and logistics crises deepen.

SA's troubles are mounting, IMF warns | Business

The annual IMF consultation has released its report warning that SA's economic and social difficulties are mounting: worse power cuts, lower tax revenue, spending pressures from higher-than-expected wages, and higher borrowing costs for government.

www.news24.com

 

[rvZA]

And now these retards will tell us they did not see the signs and problems when they pushed Trillions of Rands into the country....

 

[kolaval]

What's "greater spending pressures from higher than-anticipated wages"?

 

[Gabe Owner]

The malignant cANCer will sort this out.

 

[3WA]

What's "greater spending pressures from higher than-anticipated wages"?

The public sector wage bill went up by too much, thus blowing the current budget about a month after the budget speech.

The 2023 Budget did not pre-empt the outcome of the wage negotiations. In this regard, the outcome of the wage bill negotiations was identified as one of the key risks to the fiscal outlook presented in the Budget. This risk has now materialized.

https://www.treasury.gov.za/comm_media/press/2023/2023033101%20Media%20statement%20-%202023%20Public%20sector%20coordinated%20bargaining%20council%20outcome.pdf

 

[Brian_G]

They're already wrong, power situation has improved

 

[Mekon]

No worries. The degenerate cANCer will sort out the problem they created by the year twothousandandnever.

 

[diesel]

Its like giving a bunch of baboons a box of bananas and expecting them to manage it properly.

 

[Gaz{M}]

It's pre-elections. You can't expect he ANC to not spend on their dependent base who live off the tax payer.

 

[Thugscub]

Begging bowl.

 

[Acid0]

Screw this imperialist thing, China gives money gladly with no strings attached