South Africa’s government spends R1.2 billion a day on ‘nothing’

South Africa's government is set to spend a staggering R1.2 billion daily on servicing its massive debt burden, a staggering 78.4% of the country's GDP, as it struggles to pay off its mounting interest payments, which account for nearly a quarter of all tax revenue collected. However, a recent policy shift by the National Treasury has begun to show signs of relief, as the debt burden starts to decline, offering a glimmer of hope for the nation's financial future.