South Africa’s debt costs are soaring [SOUND]

# South Africa’s debt costs are soaring, with debt servicing now consuming 22-cents of every rand collected. Economist Phelisa Nkomo warns this raises concerns about a potential debt trap. While many countries use debt productively to build infrastructure like roads and telecoms, she says South Africa faces challenges over how borrowed funds are spent. Nkomo told eNCA the country need urgent fiscal reforms: