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KM Financial Solutions | S.Africa’s Treasury head warns of debt trap if wage cuts do not materialise
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S.Africa’s Treasury head warns of debt trap if wage cuts do not materialise

25 Feb S.Africa’s Treasury head warns of debt trap if wage cuts do not materialise

Posted at 18:43h in News by
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South Africa risks sliding
into a debt trap and being forced to approach the International
Monetary Fund (IMF) for bailouts if it fails to push through
more than 160 billion rand ($10.50 billion) worth of cuts to
public sector wages, the head of the National Treasury said on
Wednesday.

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