South Africa is cutting back on consumption spending as total debt approaches 50 percent of gross domestic product, a level the government considers unsustainable. This come out during the Mid-Term Budget presented by Finance Minister, Nhlanhla Nene in Parliament on Wednesday. Tighter fiscal policy at a time when the central bank is raising interest rates to curb inflation may limit economic output and delay efforts to slash a 25.5 percent jobless rate. We spoke to Chief Econominst and Director at Economatrix, Dr Azar Jamine...