South Africa faces credit downgrade as debts soar

South Africa faces credit downgrade as debts soar

South Africa’s forecast of higher debt and wider fiscal deficits over the next three years raises the risk of further credit-ratings downgrades as a battle for control of the ruling party limits policy choices.   Finance Minister Malusi Gigaba painted a bleak picture of the state of the country’s finances in his first mid-term budget on Wednesday,…

This content is for Standard & Premium Digital Subscribers only.
Log In Subscribe

Related Posts