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Group chief economist Dawie Roodt warns of a looming financial crisis in South Africa, criticizing the latest budget for failing to change course. The budget, presented by Finance Minister Enoch Godongwana, projects increased borrowing pushing debt to 77.4% of GDP. Roodt dismisses the claim that debt-to-GDP ratio will stabilize at 76.7% by 2027/28 as “ridiculous.”
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