First published Oct 21, 2026, 12:34:15 PM UTC · Last updated Oct 21, 2026, 12:34:15 PM UTC

South African economy shows resilience despite global shocks

Finance Minister Enoch Godongwana said in Parliament that government measures were beginning to stabilize public finances. The excerpt reports that debt as a share of GDP is falling, but ends before completing its reference to global credit ratings.

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Affected location: South Africa

Illustrative image: Rob Davies, Research Fellow, Trade and Industrial Policy Strategies South Africa TIPS. Presentation: The Carbon Intensity of South Africa's Economy. — UNU-WIDER from Helsinki, Finland/Wikimedia Commons, CC BY 2.0

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The statement describes changes to South Africa’s public finances and their stated connection to investment, growth, and job creation.

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