World of Africa: South Africa's debt crisis explained
Edited By WION Video Desk
Published: Jul 26, 2022, 20:03 IST | Updated: Jul 26, 2022, 20:03 IST
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In South Africa, the finance minister earlier this year announced that the debt burden remains a serious concern. This year the government debt has reached R4.3 trillion and is projected to rise to R5.4 trillion over the medium term. Kalden Ongmu explains South Africa's debt crisis.
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