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Budget Headlines: SA Sees Debt Peak at 75.1%, Cuts Corporate Tax to 27%

SOUTH AFRICA
  • S.AFRICA SEES DEBT PEAK 75.1%/GDP IN 2024-25; SAW 78.1% IN NOV
  • S. AFRICA SEES BUDGET GAP AT 6%/GDP IN ‘22-23; 4.8% IN ‘23-24
  • S.AFRICA BORROWING REQUIRERMENT TO PEAK AT 488B RAND IN 2023-24
  • S. AFRICA SEES 2021-22 BUDGET GAP AT 5.7%/GDP; SAW 7.8% IN NOV.
  • S. AFRICA CUTS 2021-22 GROSS BORROWING EST. BY 63 BILLION RAND
  • S. AFRICA CUTS 2021-22 GROSS BORROWING EST. BY 63 BILLION RAND
  • S. AFRICA SEES PRIMARY BUDGET SURPLUS OF 3.2B RAND IN 2023-24
  • SOUTH AFRICA SEES GDP GROWING 2.1% IN 2022, 1.6% IN 2023
  • S. AFRICAN TREASURY ESTIMATES 2021 ECONOMIC GROWTH AT 4.8%
  • SOUTH AFRICA CUTS CORPORATE TAX RATE TO 27% FROM 28%
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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