NHI and national debt pose risk to SA balance sheet, says Ashburton
FirstRand's asset management unit says local banks and institutions are already carrying a heavier burden towards funding government
10 October 2023 - 05:00
Ashburton Investments, the asset management business of FirstRand, has flagged several domestic factors, including the implementation of National Health Insurance (NHI), which it says pose a risk to the government’s balance sheet.
The company, which holds government bonds, said in its quarterly report several domestic factors keep it defensive on SA bonds...
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