'Fiscal outlook creates very fragile base'
South Africa's dour fiscal outlook creates a ``very fragile base'' for radical new initiatives such as the proposed national health service and national social security system, says chief economist from Sanlam, Jac Laubscher.
Govt not elaborating on outlook timing Updated: 12:02, Friday October 19, 2012 Treasury insists the economy hasn't changed substantially since the federal budget, even though mining investment projections have been scaled back due to a significant fall in key commodity prices.