Goldman and Citi See South Africa Waiting to Adopt Rule on Debt

South Africa’s finance minister is unlikely to formally adopt a fiscal anchor in this week’s budget, opting to wait until at least October to introduce the rule aimed at curbing public debt, according to a Bloomberg poll.

Enoch Godongwana pledged in November that he would finalize a proposal for a fiscal anchor this year, a step seen as crucial to putting South Africa’s debt-to-gross domestic product ratio on a sustained downward path. The metric is projected to peak in the current fiscal year.