austerity measures will rein in south africa s growing debtlatest news & developments
Finance minister Enoch Godongwana. (Photo by Jeffrey Abrahams/Gallo Images via Getty Images)

Austerity measures will rein in South Africa’s growing debt

Accumulated gross debt is expected to stabilise at R6.2 trillion or 74% of GDP by 2026. The annual cost of servicing this deb in that year will be R440 billion

  • Des Erasmus
7 min read