FMF FEATURE ARTICLE
South Africa should focus on job growth, not basic economic grants – Sindile Vabaza
In a recent interview covered in BusinessLive on the 14th of November, Finance minister Enoch Gondongwana noted:
"We cannot at this stage, without growing the economy, think we can afford everything."
With debt service costs topping R300bn next year as bondholders price in the risk of SA's borrowing, he said there could never be a reasonable argument for spending more money by paying interest on debt than we do on policing and healthcare.