When the International Monetary Fund (IMF) sounded its latest alarm, it was not over global trade tensions or inflation in the developed world; it was over Africa’s own balance sheets..
Amid rising debt levels across many African nations, a subtle yet significant shift is emerging: several countries are not just minimising their reliance on external borrowing but are also taking.
South Africa’s President Jacob Zuma said on Tuesday the country’s fiscal policy would remain unchanged after his cabinet reshuffle and that his ministers would reach out to international investors.
