Godongwana’s new rules to avoid another lost decade in South Africa

South Africa's new fiscal rules aim to prevent another lost decade, with the government unveiling draft legislation to safeguard gains and boost market sentiment. The revised debt-to-GDP ratio, now at 78.4%, and a narrowed budget deficit of 3.9% by March, indicate a more manageable fiscal trajectory, but the challenge lies in sustaining this progress. By implementing these measures, the government seeks to restore investor confidence and set the country on a path towards long-term economic stability.