Rand Merchant Bank chief economist and head of research Isaah Mhlanga noted on Thursday that looking at the emerging economies of neighbouring countries, it is quite clear that South Africa’s relative debt is out of sync, adding that South Africa has a debt problem in addition to a growth problem. Mhlanga was speaking during the North-West University (NWU) Business School webinar ‘Tipping Point - Turmoil or Reform? South Africa's political economy after 2024’ where he explained that the country’s debt servicing cost now took about $0.21 in every rand of revenue.
