Dawie Roodt shares concerning information about South Africa’s debt

• South Africa's consolidated public sector debt is R10.94 trillion, or 143.1% of GDP, making it among the largest debt burdens of any emerging market.
• The debt burden is a result of the state borrowing R534.1 billion in the past financial year, and the government implicitly guarantees debt owed by state-owned enterprises, such as Eskom and Transnet.
• If left unchecked, South Africa's economy may eventually hit a financial cliff where it can no longer sustain the public sector's debt load, but fiscal consolidation and improving economic sentiment may help slow the growth in debt.