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Assessing and promoting civil and minority rights in South Africa.

[Source: BusinessTech.]

South Africa’s public debt has risen rapidly to just under 50% of the country’s GDP in recent years – with more than 14% of this coming from government salaries alone.

This is according to the OECD’s Economic Survey of South Africa 2017 which found that government’s spending structure is skewed by a large wage bill (35% of total GDP in 2016) compared to traditional OECD and emerging market economy averages, where the figure is an average of 14% of the total.

The report notes that, together with debt-servicing (10%), the high total is limiting the capacity of the South African government to meet the physical and social infrastructure investment needs necessary to unlock higher growth.

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South Africa at a Glance
58 780 000 (mid 2018 estimate)
4.5% y/y in June 2019 (CPI) & +5.8 y/y in June 2019 (PPI)
-3.2% q/q (1st quarter of 2019)
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