africa debt

The national debt of South Africa is the total quantity of money borrowed by the Government of South Africa at any time through the issue of securities by the South African Treasury and other government agencies.

As of 2021/22 total South African government debt was $130 billion. The country's debt to GDP ratio in October 2020 was calculated at 82.76% of GDP by the International Monetary Fund.
Roughly 90% of the national debt in 2019/20 was denominated in South African rand thereby reducing borrowing risk due to currency fluctuations. By September 2020 around US$157 billion of South Africa's national debt was externally owned. As of December 2021 the share of domestic bonds held by foreign investors was 28.2%, this represented a declined to a 10-year low.

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    Africa’s $824bn Debt Burden is Hindering its Potential-AfDB President

    Africa’s massive debt load and the nature of many of its resource-backed loans are compromising its economic potential, the African Development Bank’s (AfDB) President Akinwumi Adesina said recently. Countries on the continent are dedicating almost two thirds of their GDP to service debt...
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