What other countries can teach SA about handling a debt crisis
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It’s no secret that South Africa is facing a potential economic crisis. Debt has been rising unsustainably and economic growth is too low to keep up with our debt obligations. This means that the prospect of an IMF bailout is becoming ever-more likely. While South Africans are – rightly – afraid of this prospect, a debt crisis doesn’t have to mean the end of the line. The experience of other indebted emerging markets around the world can offer some important lessons for SA. In this episode, featuring content from Bloomberg’s Odd Lots podcast, Felicity Duncan takes a look at what we can learn from the experience of other nations that have faced economic headwinds similar to ours. Learn more about your ad choices. Visit megaphone.fm/adchoices
