Fitch Diverges From South Africa’s Treasury on Debt Outlook

Fitch Ratings has a differing perspective on South Africa's debt outlook compared to the National Treasury, predicting that the country's debt as a percentage of GDP will start rising again by March 2029, primarily due to sluggish economic growth. This divergence highlights the ongoing economic challenges facing the nation and contrasts with the more optimistic projections of Moody’s Ratings and the Treasury. This situation underscores the potential risks South Africa faces in managing its fiscal health, especially as it grapples with a slow economic recovery.