Opinion Editors Choice
SA has a GDP growth hurdle, not a debt problem
Austerity policies will raise debt from a level that is still low compared to the country’s peers
In 1996 the financial markets, bank economists and noisy neoliberal echo chamber in the commentariat bullied the government into believing that SA had a debt crisis. At the time, South Africa’s debt to GDP ratio was 49.5%. Foreign debt was 1.9% of GDP...
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