South Africa: State to Cut Fruitless Expenditure

11 February 2016

Pretoria — In his State of the Nation Address, on Thursday night, President Jacob Zuma outlined government's plans to cut on fruitless spending, as the country battles amid a slowing economy and weak rand.

"Our reality right now is that global growth still remains muted. Financial markets have become volatile. Currencies of emerging markets have become weak and they fluctuate widely," President Zuma said as he listed far-reaching measures to curb wasteful spending in government.

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