S.Africa's state firms, wages top risks to public finances: finmin

CAPE TOWN (Reuters) - The biggest risks to South Africa's fiscal framework are state-owned firms and a high public sector wage bill, finance minister Tito Mboweni said on Thursday.

Mboweni was speaking in parliamentary committee a day after unveiling a national budget that pledged $5 billion bailout for utility Eskom and forecast a reduction in public sector wages.

(Reporting by Mfuneko Toyana; Editing by Joe Brock)

2019-02-21 13:19:40

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