Banking on a surplus

Steyn, Greta
September 2007
Finweek;9/13/2007, p85
The article features the economic development of South Africa (SA). It was estimated that SA would have far smaller overrun than in previous fiscal years but the Government were still on tract on meeting its targeted fiscal surplus. In addition, economic growth had slowed down, inflation were higher than expected and the current account were into deep in the red. Furthermore, the idea behind the surplus is to build up some fat so that Government has something to give away in lean years.


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