SA debt crisis won't be an event - it's happening right now, says Michael Sachs

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Michael Sachs.
Michael Sachs.
Photo: Oscar Gutierrez

SA’s debt crisis will not be an event but instead is a process happening right now as the Treasury battles to bring additional spending pressures under control, says Wits adjunct professor Michael Sachs. 

Sachs, the former head of National Treasury’s budget office, was speaking at a seminar by the Wits’ Southern Centre on Inequality Studies on the implications of government spending choices in the budget on Tuesday. 

Says Sachs: 

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