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S.Africa Says Economy To Shrink 7.2%, Deepest Slump In 90 Years

South Africa’s economy is projected to shrink by 7.2 percent in 2020 as a result of the coronavirus pandemic, the deepest slump in 90 years, the finance minister said Wednesday. Presenting a supplementary budget in parliament, Tito Mboweni said the pandemic had pushed the country’s consolidated budget, including debt servicing […]

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