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 exclusive Financial Times articles, 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