
The rising cost of money
South Africa’s debt outlook is improving, according to the Medium-Term Budget Policy Statement. But what could higher borrowing costs globally mean for local households, businesses and the public purse?

South Africa’s debt outlook is improving, according to the Medium-Term Budget Policy Statement. But what could higher borrowing costs globally mean for local households, businesses and the public purse?

Fitch’s first upgrade in 21 years caps a remarkable turnaround, but hidden liabilities, weak growth, and structural problems stand between the country and investment-grade status.