22 cents of every rand collected spent on debt servicing: Godongwana
Chalkboard with debt written on it 1 minute South Africa’s debt servicing costs are projected to reach R426.3 billion in the current financial year. According to Finance Minister Enoch Godongwana, this means that 22 cents of every rand collected in revenue will go toward paying off debt. Godongwana made the announcement while presenting the 2025/26…
