South Africa's Budget Was Missing Ideas From the Left. Why This Isn't a Good Thing

analysis

This year's South African budget gave allies of the market as much as they could expect - and labour and the left about as much as they currently deserve.

The budget attracted particular attention because South Africa's public finances are, after years of misuse by the administration of former president Jacob Zuma, in deep trouble. Finance minister Tito Mboweni's task was, it was widely agreed, making the best of a bad hand and preparing the ground for a difficult recovery.

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