SA’S DEBT BUR­DEN

Finweek English Edition - - HOUSE VIEW -

Although South Africa’s debt to gross domestic prod­uct ra­tio is rel­a­tively mod­est at 44%, Stan­dard & Poor’s es­ti­mates that if you in­clude the debt tra­jec­to­ries of paras­tatals such as Eskom, Transnet and South African Air­ways, to name but a few, this fig­ure could swell to around 60% of GDP in the next two years. House­hold debt to dis­pos­able in­come has also crept up to around 77% of dis­pos­able in­come. While the fig­ure is lower than that of na­tions like the US and the UK it is far higher than the 54% fig­ure that pre­vailed in 2003.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.