Moody’s Investor Services still expects SA debt levels to hit 100% of GDP in the coming years, despite fiscal consolidation efforts outlined in finance minister Tito Mboweni’s 2021 budget. 

The ratings agency said the adjustments to budget deficits — due to better-than-expected revenue collections and growth performance — were “modest” and “will not prevent the government debt burden rising over the next three years”...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now