Sunday, September 26, 2021

South Africa’s debt too high to weather global crisis – Official

Must read

Rayyan Alhassan
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or, or @Rayyan88 on Twitter.
- Advertisement -

South Africa’s rising debt trajectory will make it difficult to weather a significant global economic downturn, the central bank deputy governor said.

READ ALSO:   Xenophobic Attacks: We won’t retaliate, Nigerian govt says

Deputy governor Kuben Naidoo said on Wednesday in Cape Town that it would take at least a decade to bring the debt-to-GDP ratio down to the 30 to 40 per cent range.

READ ALSO: 922 Madagascar children die of measles since October – WHO

Naidoo also said that growth in Africa’s most industrialised economy was seen hovering around the 2 per cent over the next few years.


READ ALSO:   Malami elected as UNIDROIT chairman, unveils action plan
- Advertisement -

More articles


Please enter your comment!
Please enter your name here
READ ALSO:   GDP: IMF ranks Nigeria 1st in Africa, 26th in the world

- Advertisement -

Latest article

- Advertisement -