SA must move beyond crisis response and deliver “promised government reforms” – PSG
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PSG Financial Services recently warned that South Africa cannot keep reacting to problems as they happen. Its leadership said the country needs a clear long-term plan instead of focusing on short-term crises. This plan should consider how decisions affect people.
The group did praise the South African Reserve Bank and National Treasury for helping to keep inflation and government debt under control. But it also criticised the slow pace of “promised government reforms.”
PSG also pointed to risks from the global environment, including rising debt levels and conflict in the Gulf region. While higher commodity prices are helping South Africa for now, the company warned that this may not last, making deeper reforms even more urgent.
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