Reshuffle Suggests Rising Risks Of Fiscal Slippage
Country Risk / South Africa / Tue 04 Apr, 2017
The March 30 cabinet reshuffle, which saw former Finance Minister Pravin Gordhan replaced with Malusi Gigaba, suggests substantial risks to the fiscal outlook in South Africa. Zuma's decision to put a political ally in the role of finance minister could augur a significant ramp-up in wages and other social transfers, a decision to move forward on a