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The Standard Group Plc is a
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JOHANNESBURG: South Africa's deputy finance minister said on Thursday that patronage and corruption were undermining efforts for a credible government, a day after an audit showed the government had made $3 billion in irregular expenditure this financial year.
South Africa's political elite has been involved in a slew of corruption scandals which have eroded the trust of investors and weighed on Africa's most industrialised economy. Ratings agencies have warned of downgrades before the end of the year.
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