# COSATU has welcomed the revised Gross Domestic Product estimates, saying the development could have positive implications for government debt and the country’s credit ratings. COSATU’s spokesperson, Matthew Parks says the improved debt-to-GDP ratio could help strengthen South Africa’s credit ratings and potentially reduce the interest charged on government borrowing. However, Parks warns that the revised figures will not immediately change the lives of ordinary South Africans:
COSATU says revised GDP estimates must translate into improved living conditions [SOUND]
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