South Africa: 24 Billion Reasons Why Government Needs to Worry About Its Debt

opinion

The 'extra interest' on government's debt is rising rapidly and astronomically, caused, in large measure, by its bailouts of Eskom and SAA. That's the bad news. The good news is that there was a glimmer of hope this week.

R13.4-billion. That is the extra interest costs the government is paying solely due to the rising riskiness of government debt. Without action, that number for extra interest is scheduled to rise to R24-billion next year.

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