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Light at end of economic tunnel stays dim - business leaders

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Cape Town - South Africa faces economic decline, capital flight and a collapsing currency if it fails to act urgently, warned Business Leadership South Africa (BLSA).

BLSA is an independent association whose members represent South African big business leadership and major multinational investors.

It said in a statement ahead of President Jacob Zuma's State of the Nation Address on Thursday that the country can make major strides in 2017 to address the triple challenges of unemployment, poverty and inequality.

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