SA ‘running out of road’ on national debt

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SA ‘running out of road’ on national debt

Picture: iStock

The country could be slowly sliding to a point of no return as the debt continues to spiral upwards, while economic growth slows down.

The piling up of South Africa’s national debt is threatening to push the country to the brink of an economic catastrophe, unless the government acts innovatively to address the problem. The country could be slowly sliding to a point of no return as the debt continues to spiral upwards, while economic growth slows down. A country’s creditworthiness is measured in terms of its ratio of debt to gross domestic product (GDP) and, with ballooning debt and slower growth, the picture isn’t rosy. This was observed by the economic development think-tank, Centre for Development and Enterprise, which months prior to Finance...


 


 


 

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