REPRIEVE NOT RELIEF

17th June 2016

By: Darlene Creamer

  

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As highlighted by a number of commentators – and acknowledged by government itself – the recent reprieve given to South Africa by S&P Global Ratings is but the ‘end of the beginning’. The initiatives being pursued jointly by government, business and labour will have to be implemented to ensure that a downgrade is avoided by year-end. More importantly, implementation is required to place the economy back on a growth path.

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