CAROL PATON: Without private sector help there are few options left to stop debt crisis

If there is one thing on which almost everyone agrees it is that SA is being overwhelmed by debt. Fewer people agree on what should be done, and even fewer on what is socially desirable within these options.

The debt picture is clear. SA is unable to service existing debt from revenue and must borrow to pay the country’s interest bill. This means at current economic growth levels the overall stock of debt will continue to rise exponentially. On the current economic trajectory SA’s debt to GDP ratio of 56.7% will exceed 70% by 2022 and 100% by 2030.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DA proposes fiscal rule to rein in government debtThe government’s escalating debt has to be restrained, and the DA says it has come up with a legal mechanism it believes will force government to look for other ways to reduce the gap between revenue and expenditure other than increasing debt levels Anc will simple impliment, DA is running the country I have the solution to all the governments problems...Be brave and legalize the herb.. You will have enough funds to build schools, houses , hospitals etc... Not to mention the thousands and thousands of jobs.. Check this out
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Cosatu eyes unclaimed miners’ funds and UIF to help EskomCosatu is exploring two more urgent interventions which it thinks could help reduce Eskom’s debt. The first is to ask the government to “tap into billions of rands in unclaimed mineworkers’ retirement funds” and the second is to “use funds from the UIF” These guys are thumb sucking solutions really This ones are confused, they just politicking 🙄 they haven’t see Eskom’s financial statements but they already adding figures
Source: City_Press - 🏆 7. / 72 Read more »

Chiefs see flamesWhat looked like a promising campaign for Kaizer Chiefs is starting to get their fans worried in their 50th anniversary season. As things stand, Amakhosi are now left with the Absa Premiership title to fight for after their elimination from the Nedbank Cup
Source: City_Press - 🏆 7. / 72 Read more »

Our politicians need the civilising influence of voters who can sack them if they misbehaveThe fact that freedom of speech is a bedrock of our constitution seems to have escaped ...
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Desperate to escape your timeshare nightmare? Here’s howAre you desperate to cancel a timeshare contract without paying a big penalty?
Source: TimesLIVE - 🏆 28. / 59 Read more »

Source: TheCitizen_News - 🏆 6. / 75 Read more »