South Africa Can Avoid Debt Crisis, President Ramaphosa Says

Nov.19 — South African President Cyril Ramaphosa says the government is committed to reining in its stretched finances and will avoid a sovereign debt crisis. He also says the government is in talks with unions on freezing wages for 1.3 million state workers for the next three years — a proposition that labor unions have rejected. He spoke Wednesday on the sidelines of an investment conference in Johannesburg with Bloomberg’s Amogelang Mbatha.

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