South Africa′s budget backs ailing companies | Business| Economy and finance news from a German perspective | DW | 26.02.2020
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Business

South Africa's budget backs ailing companies

South Africa needs extra cash as the country is plagued by declining revenues, low growth rates, rising unemployment and a ballooning debt. But instead of hitting embattled South Africans with higher income taxes, the government plans to slash public spending. Some ailing companies, however, will still get a lot of financial help.

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