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I scoured through the Treasury's press release to find some sparks of hope. I found none.
"Failure to set the economy on a higher and more sustainable growth path" is undermining government's efforts, said the finance minister.
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Attempting to connect the dots, researchers and academics from four SA universities explain the assault on the South African state.
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But the state-owned entity has refused to confirm or deny reports about its request to be placed under administration.
Embattled state-owned enterprises are forking out millions in sponsorships and membership fees.