External Debt in South Africa

South Africa External Debt | Economic News & Forecasts

South Africa - External Debt

Early second-quarter indicators signal some respite following a sharper-than-expected contraction in Q1 due to rolling power outages. The retail sector picked up in April; car sales, on average, bounced back from the first quarter in April–May; while manufacturing activity grew at a faster pace, on average, in the same two months. Overall growth prospects remain bleak, however, with uncertainty over the restructuring of Eskom, the heavily indebted state-owned power utility, weighing on economic sentiment. Following slight upturns in April, the manufacturing PMI swung back into negative territory in May–June, and business confidence faltered again. The government is considering other measures to aid Eskom in addition to the ZAR 230 billion pledged, while minimizing the risk to public finances and credit ratings. Options on the table include swapping the firm’s sizeable debt for sovereign bonds or using a special purpose vehicle.

South Africa - External Debt Data

2013  2014  2015  2016  2017  
External Debt (% of GDP)38.3  40.6  37.2  48.0  48.8  

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South Africa External Debt Chart


South Africa External Debt
Note: External debt as % of GDP.
Source: South African Reserve Bank and FocusEconomics calculations.

South Africa Facts

ValueChangeDate
Bond Yield8.030.29 %Jul 11
Exchange Rate13.94-0.21 %Jul 11
Stock Market0.1-0.44 %Jul 11

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