More developing countries are getting out of bilateral investment treaties that favour investors, seeking a framework that allows host states to regulate investment in line with their public policies.
- Professor of Economics, University of the Witwatersrand
The budget showed some sense of urgency but still fell short on implementation plans. There should have been more, particularly details on cost-cutting initiatives.
After a decade of narrowing fiscal deficits, South Africa has borrowed heavily since 2009 to support the economy. The debt pile exposes the country to the risk of a sell-off by foreign bond holders
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