South African economy in an uncontrolled death spiral now. … South Africa

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(Gold has risen US$40 today) The reason why the state’s finances finds itself in such a death-defying spiral, according to chief economist at Efficient Group, Dawie Roodt, is because, especially since 2009, state spending has increased relentlessly at a time when tax collections collapsed – mostly because of a faltering economy.
Rand/US$ live: https://www.tradingview.com/symbols/USDZAR/

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