Mboweni’s ‘Hallelujah’ moment as Ramaphosa green-lights structural reform

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By Ed Stoddard

Finance Minister Tito Mboweni had a ‘Hallelujah’ moment when President Cyril Ramaphosa told him that the Moody’s downgrade was the trigger to pursue structural reforms. It’s probably a bit late now and in the wake of the Covid-19 economic meltdown it is hard to see how they can be pursued.

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