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Big business sounds the alarm over escalating cost of SA debt

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Business Unity SA warns higher-than-expected debt service costs will add at least R9bn to government spending

Higher-than-expected debt service costs will add at least R9bn to government spending this year, adding to a range of fiscal pressures that will mean less money is available for social programmes and infrastructure spending, organised business has warned.

Business Unity SA was addressing a budget planning dialogue last week at the National Economic Development and Labour Council , ahead of the medium-term budget statement on October 26...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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