- South Africa’s government debt is projected to reach its highest level this year after nearly two decades of steady increases driven by weak growth and rising public expenditure.
- Finance Minister Enoch Godongwana is expected to confirm that debt-to-GDP will stabilise and gradually decline.
- A debt peak could ease interest payment pressures, creating fiscal space for targeted public spending ahead of municipal elections.
- Strengthening economic indicators, currency stability, and lower bond yields are boosting investor confidence and reinforcing market optimism.
