South Africa Cuts Borrowing as Debt Ratio Climbs Above 50%

  • Domestic bond sales to fall in each of next three years
  • National Treasury wants debt to stabilize, Moahloli says

South Africa Faces Downgrade, What's Next?

South Africa plans to reduce borrowing to the lowest level since 2012 as a weakening rand and slowing economy pushes government debt to more than 50 percent of gross domestic product.

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