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There's no fiscal or monetary policy 'space' to be radical – deputy Reserve Bank governor

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Unemployed beneficiaries standing in line to get their Sassa special Covid-19 social relief grants at Thulamahashe Mall. (Photo: Oris Mnisi)
Unemployed beneficiaries standing in line to get their Sassa special Covid-19 social relief grants at Thulamahashe Mall. (Photo: Oris Mnisi)

It has been a devastating year. Whether it be Covid-19 fatalities, rising joblessness or increasing evidence of corruption, the pandemic has lifted the lid on the darkest realities of SA's structural challenges. The general consensus – from academics, economists, doctors and leaders – is that things will get much worse before they get better.

Institutions such as National Treasury and the SA Reserve Bank have come under fire from labour unions, civil society groups and academics for appearing not to be doing enough to support those most vulnerable in society or not stimulating economic growth. 

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