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Platinum surge may rescue South Africa's coalition
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Platinum surge may rescue South Africa's coalition
SOUTH Africa’s coalition government could receive crucial financial relief ahead of October’s budget thanks to soaring platinum prices and higher mining royalties, according to Old Mutual Investment Group. The fragile alliance between the African National Congress and Democratic Alliance faces mounting pressure to balance competing party interests without resorting to tax rises or spending cuts that might destabilise the partnership. However, So…
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