Mismanagement and the looting of state power utility Eskom Holdings SOC Ltd and freight-rail and ports operator Transnet SOC Ltd led to major taxpayer bailouts.Photographer: Waldo Swiegers/Bloomberg
SA Investing
IMF backs South Africa’s fiscal rule to curb debt and boost credibility
Treasury to propose principles-based framework by October to manage spending and debt
Key topics:
IMF backs South Africa’s fiscal rule to restore policy credibility
Debt-to-GDP projected to peak near 79%, needs stricter control
Strong institutions and careful escape clauses critical for success
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By Alister Bull