South Africa may struggle to stick to a plan to rein in government spending by freezing public-sector wages, Fitch Ratings said on Monday. Finance minister Tito Mboweni has outlined a plan to pare the government salary bill, which has surged 51% since 2008, as part of an effort to start bringing its debt trajectory down after 2026. Still, the government hasn’t had a good track record in maintaining a lid on public spending during the past decade, according to Jan Friederich, Fitch’s senior director, sovereign ratings.
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