South African Finance Minister Tables Grim Emergency Budget

South African Finance Minister Tito Mboweni has tabled an emergency COVID-19 Budget, officially the country's first Special Adjustment Budget. The Daily Maverick's Marianne Merten writes that the minister pulled out the stops to ram home his message - South Africa must act now to ensure bankruptcy is staved off, and deal with a debt that will hit U.S.$229 million (R4-trillion) in 2020.

InFocus

A South African Treasury graphic to illustrate the June 24 Supplementary Budget.

Don't Miss

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.