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The weak South African economy featured again in October 2016 where economic transactions shrank from a year ago in real terms, according to BankservAfrica’s latest Economic Transaction Index (BETI).
With South Africa’s economy under significant pressure as it battles to eke out a mere 1% growth, labour disputes and retrenchments are on the rise.
Governments everywhere face a difficult balancing act between curbing public spending and providing adequate benefits to their increasingly large elderly populations.
The 2016 Medium Term Budget Policy Statement (MTBPS) illustrates the South African National Treasury’s intent to continue following a path of fiscal consolidation as it aims to stabilise government’s debt ratio and ensure long-term fiscal sustainability.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?