Next steps for SA: will fiscal pressure breed reform?

29 June 2020 - This week, Dr Frans Cronje, argues that fears of a “second wave” of Covid-19 infections in America are misplaced, but that such fears might nevertheless rattle financial markets.

Dr Cronje also discusses the next steps for South Africa following last week’s supplementary budget.

None of the three options presented by the Finance Minister (austerity, tax increases or borrowing) will help to alleviate South Africa’s dangerously high debt and deficits.