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Finance minister Enoch Godongwana. (Photo by Jeffrey Abrahams/Gallo Images via Getty Images)
DEBT

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

  • Eddie Rakabe
7 min read