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Decisive policy action needed to propel economic growth

December 19, 2014

By Rian le Roux, chief economist at Old Mutual Investment Group Growing fiscal pressure on the government is being exacerbated by the slowing economy and the resultant potential pressure on tax revenues. As a result, markets were concerned that Minister Nene would postpone fiscal consolidation in the October 2014 Medium Term Budget Policy Statement (MTBPS). However, to the surpr...

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