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.
Thank you for reading this post, don't forget to subscribe!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