We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

In the wake of the gloomy numbers contained in finance minister Tito Mboweni’s medium-term budget policy statement (MTBPS), there is increasing concern among investors that SA will have to turn to the IMF for a bailout to fund the country’s growing debt levels.

In the medium-term budget, the government budget deficit showed a worrying increase to 5.9% of GDP for the current financial year from 4.5%, peaking at 6.5% next year and returning to 5.9% in 2022/2023. At the same time, the total debt burden was adjusted higher at 61% of GDP from 57% in the current year, rising to 71% by 2022/2023 in the absence of any further measures to constrain expenditure or raise revenue...

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