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Economist Dawie Roodt warned that South Africa’s significant debt burden and the fast rate at which it is increasing mean the country is heading for a financial crisis.

 

Roodt told The Phumlani Majozi Show that public debt is around 75% of South Africa’s gross domestic product (GDP).

 

However, if the debt from the state-owned enterprises and local authorities is added to public debt, which it should be, the debt burden is closer to 90% of GDP.

 

Read the full article here: https://businesstech.co.za/news/finance/794265/south-africas-money-is-finished/

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