South Africa's Finance Minister Enoch Godongwana has sounded the alarm on rising government debt, warning that the country is fast running out of room to borrow. South Africa's public debt is expected to soar to 77.4 per cent of GDP this financial year. He added that the budget process is entering uncharted territory, with parliament and government still learning how to balance trade-offs in a fragile economy. Godogwana speaking at a workshop on Friday held the public's input in the budgeting process. Dimakatso Leshoro filed this report...

<p>South Africa's Finance Minister Enoch Godongwana has sounded the alarm on rising government debt, warning that the country is fast running out of room to borrow. South Africa's public debt is expected to soar to 77.4 per cent of GDP this financial year. He added that the budget process is entering uncharted territory, with parliament and government still learning how to balance trade-offs in a fragile economy. Godogwana speaking at a workshop on Friday held the public's input in the budgeting process. Dimakatso Leshoro filed this report...</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>