Big business sounds the alarm over escalating cost of SA debt

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The most powerful Mafia in SA

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

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

SA business debt conditions improve in first quarterBorrowers' ability to benefit from the reduced debt-servicing costs contributes to improvement
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Junk nations risk muted future for debt sales as liquidity diesSeptember, historically the busiest month for high-yield sovereign bond sales, is set to disappoint this year as the risk of aggressive US rate hikes keep junk-rated nations on the sidelines.
Source: dailymaverick - 🏆 3. / 84 Read more »

Huawei SA’s consumer business looks to 'reshape' B2BHuawei SA’s consumer business group turns to B2B segment as it charts next growth phase. HuaweiSA enterprise B2B HuaweiZA HuaweiSAR
Source: ITWeb - 🏆 45. / 51 Read more »