Carol Paton Editor at Large

SA has told the IMF that it  will seek consensus within the government to introduce a "debt ceiling", which will set a self-imposed limitation on how much the government can borrow in the future.

SA’s public finances are in the grip of runaway debt with one projection stating that government debt will reach 100% of GDP in the next three years if nothing is done.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now