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  • South Africa's economy is projected to shrink to a record 90-year low of 7.2 percent due to the fallout from the coronavirus pandemic, the finance minister said Wednesday. Presenting a supplementary budget in parliament, Tito Mboweni said the continent most developed economy "is now expected to contract by 7.2 per cent in 2020," adding: "This is the largest contraction in nearly 90 years." bur-sn/ach
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  • S.Africa says economy to shrink 7.2% in 90-year low
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