South Africa’s debt trajectory too high, no buffers for global crisis – cenbank

0
355

CAPE TOWN (Reuters) – South Africa’s rising debt trajectory will make it difficult to weather a significant global economic downturn, the central bank deputy governor said, adding it would take at least a decade to bring the debt-to-GDP ratio down to the 30 to 40 percent range.

Deputy governor Kuben Naidoo also said on Wednesday that growth in Africa’s most industrialised economy was seen hovering around the 2 percent over the next few years.

Reporting by Wendell Roelf; Editing by Catherine Evans

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.