SOUTH AFRICA’S DEBT TRAJECTORY TOO HIGH, NO BUFFERS FOR GLOBAL CRISIS: CENTRAL BANK

SOUTH AFRICA’S DEBT TRAJECTORY TOO HIGH, NO BUFFERS FOR GLOBAL CRISIS: CENTRAL BANK

CAPE TOWN (Reuters) – South Africa’s rising debt trajectory will make it difficult to weather a significant global economic downturn, the central bank deputy governor said, adding it would take at least a decade to bring the debt-to-GDP ratio down to the 30 to 40 percent range.

Deputy governor Kuben Naidoo also said on Wednesday that growth in Africa’s most industrialized economy was seen hovering around the 2 percent over the next few years.

Reporting by Wendell Roelf; Editing by Catherine Evans

Facebook Comments

About author

Nigerians in South Africa
Nigerians in South Africa 1935 posts

We are about democracy, human rights, public opinion, political behavior, civil rights and policy aimed at improving the human condition, with a focus on African countries.

You might also like

AVOCADO ‘GREEN GOLD’ RIPE AND READY FOR SOUTH AFRICA’S FARMERS

NELSPRUIT, South Africa (Reuters) – Whether you like to squash it onto your toast in the morning, millennial-style, eat it to cut your cholesterol with healthy unsaturated oil, or moisturize

SA’S HOME AFFAIRS DIRECTOR-GENERAL MKUSELI APLENI’S SPEECH ON ACCEPTING SA’S NOMINATION TO HOST THE 2019 ID4AFRICA ANNUAL MEETING

Speech by South Africa’s Home Affairs Director-General Mkuseli Apleni on accepting South Africa’s nomination to host the 2019 ID4Africa Annual Meeting: Abuja International Conference Centre, Nigeria: 24 April 2018 Programme

Life & Style 0 Comments

AKIN OMOTOSO – I DIDN’T GROW UP ACCEPTING THAT MY RACE MADE ME INFERIOR

In the profile interview, actor and film director Akin Omotoso shares some personal experiences of his upbringing, and chats about moving from Nigeria to South Africa during Apartheid. Omotoso says

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply