Without an effective reconstruction of South Africa’s growth path and distribution, the country will face “years of debt distress”, University of Witwatersrand (Wits) adjunct professor Michael Sachs says. In a webinar on April 24, hosted by the Centre for Development and Enterprise (CDE), the former head of the budget office in National Treasury said government’s initial response following the national lockdown should be “executed with speed” through using existing funding channels, while simultaneously planning “for the long haul”.
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