logo

South Africa’s fiscal policy framework on track: cabinet

PUBLISHED: Fri, 23 Jun 2017 08:25:08 GMT

Share

South Africa’s government is maintaining its fiscal policy framework and is taking “systematic interventions” to address the country’s economic challenges in the wake of damaging ratings downgrades, the cabinet said on Thursday.

“Government remains on track in maintaining its fiscal framework, ensuring policy certainty, and working to ensure inclusive growth and economic transformation,” the cabinet said in a statement after it had a meeting on Wednesday.

(Reporting by Tanisha Heiberg; Editing by Ed Stoddard)


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.

RELATED