Good news for South Africa after major change

• South Africa's debt-to-GDP ratio was revised sharply lower, peaking at 74.6% in 2025-26, down from 78.4% previously estimated.
• The country's GDP at current prices was R8 trillion last year, compared with R7.6 trillion previously reported, after the base year for calculating the data was shifted to 2022.
• The improved fiscal metrics could have positive implications for South Africa's credit rating, with Moody's Ratings suggesting an upgrade may be under consideration after the government stabilised debt as a share of GDP.