’’

CityPress - - Business -

Our debt is mainly rand de­nom­i­nated. Only a very small per­cent­age of our debt is

dol­lar de­nom­i­nated. So it does have an im­pact, but it’s not as bad as it would’ve been if we were ex­posed be­yond

where we are

For­eign-cur­rency debt makes up less than 10% of South Africa’s debt, which is pro­jected to rise to 42.5% of GDP by March when the cost of debt ser­vic­ing is ex­pected to reach 10.1% of to­tal

gov­ern­ment spend­ing.

Q2 2015 con­tri­bu­tion to nom­i­nal GDP

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