From the FT: SA urged to use forex reserves to tackle growing debt burden

Amia Capital, a London-based hedge fund, proposes South Africa's government utilise gains from its central bank's foreign exchange reserves, suggesting a shift in debt management. The government-owned gold and foreign currency account at the South African Reserve Bank, up almost 50% in value to $25bn, could ease the nation's rising debt burden. The proposal faces complexities, including concerns about inflation and reserve adequacy. As investors reassess South Africa's finances amid global challenges, the nation's debt strain prompts unconventional considerations.

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