CAPE TOWN – South Africa’s rising debt trajectory will make it difficult to weather a significant global economic downturn, the central bank deputy governor said, adding it would take at least a decade to bring the debt-to-GDP ratio down to the 30 to 40 percent range.
Deputy governor Kuben Naidoo also said on Wednesday that growth in Africa’s most industrialised economy was seen hovering around the 2 percent over the next few years. (Reuters)
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