# Fitch Ratings has anticipated South Africa’s debt and gross domestic product will stabilise over the next two years at around 80-percent of GDP including local government debt, well above the 2027 ‘BB’ median of 53-percent. It says debt stabilisation is due to improved fiscal performance and stock-flow adjustments with drawdowns on deposits and lower discounts at issuance, the latter reflecting improved market sentiment. Fitch Ratings says it forecast real GDP growth will remain low but increase slightly from an average of 0.7-percent in 2023 to 2024 and 1.1-percent in 2025 to 1.4-percent in 2027, against a ‘BB’ median of 4-percent.
Fitch Ratings anticipates South Africa’s debt and GDP will stabilise over the next two years at around 80%