EDITORIAL: Painful lessons SA must learn from Zambia’s default
The default shows what happens when countries accumulate debt, especially in foreign currency
16 October 2020 - 05:10
It is not often that Zambia is at the centre of global headlines.
The Southern African country and major copper producer is unfortunately getting attention for all the wrong reasons, as it edges towards what will be the continent’s first default on dollar debt since the start of the Covid-19 pandemic...
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