South Africa’s Debt-to-GDP Peak Revised Down to 74.6%

On 5 November, National Treasury reported that revised GDP figures reduced the estimated debt-to-GDP peak for 2025/26 from 78.4% to 74.6%. The economy’s measured nominal GDP increased by 5.1%, equivalent to approximately R393 billion. The revision is statistical and does not represent new debt repayment or additional government revenue. HPC can support financial analysis, economic research and investment-risk assessments for businesses and investors.

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