South Africa’s Worsening Economic and Fiscal Outlook in Charts

South African Finance Minister Tito Mboweni unveiled his budget for the coming fiscal year, and the outlook for the continent’s most industrialized economy isn’t pretty.

The National Treasury has cut economic growth forecasts, plans to reduce state spending and won’t provide tax relief for citizens as it seeks more funds to prop up debt-laden state-owned companies, including yet another record bailout for power utility Eskom Holdings SOC Ltd., which last week struggled to keep the lights on.