GAPS EVERYWHERE

6th November 2015 By: Darlene Creamer

GAPS EVERYWHERE

South Africa is facing funding shortfalls on an increasing number of fronts as tax revenues come under pressure and social demands rise. The most recent gap emerged when it was decided to hold back on university fee increases for 2016. But government is also having to scramble to cover above-inflation wage increases for civil servants, while State-owned companies such as Eskom, the South African Post Office and South African Airways all have big financial holes of their own to fill.