MARIE ANTELME: Debt quicksands loom for SA
South Africans are right to question the sustainability of the government’s debt position. Its commitment to austerity will be heavily tested
The post-Covid world will be a precarious place. Experience suggests that sovereign crises happen slowly at first, then very fast. SA cannot afford to waste the opportunity to do better.
Finance minister Tito Mboweni’s special appropriation budget tabled in June reflects the damage done by the pandemic to a weak economy. Critical to secure SA’s future is a commitment to stabilise debt, which will spiral out of control if nothing is done...