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These Charts Show South Africa’s Tough Budget Task

  • Finance minister must contain debt and boost economic growth
  • More than 70% of economists expect Moody’s downgrade in 2020
Tito Mboweni

Tito Mboweni

Photographer: Waldo Swiegers/Bloomberg

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Moody’s Investors Service in November gave South African Finance Minister Tito Mboweni just under four months to come up with a credible plan to rein in government debt and get the economy growing.