Is South Africa running out of money?

By Opinion | Published Sep 22, 2023

OPINION: It is indeed a case of Back to the Future 2. 0 as South Africa finds itself in dangerous phase of high debt, currency devaluation and large scale privatisations last seen in the late 1990s, whose core beneficiaries again will be global corporations, merchant banks and their advisory divisions – a narrow elite that will gain in the new privatisation bonanza, write Ashraf Patel and Phaphano Phasha.