{"id":109423,"date":"2021-03-12T17:09:05","date_gmt":"2021-03-12T17:09:05","guid":{"rendered":"https:\/\/fin2me.com\/?p=109423"},"modified":"2021-03-12T17:09:05","modified_gmt":"2021-03-12T17:09:05","slug":"south-africa-no-way-near-debt-distress-cenbank-governor","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/south-africa-no-way-near-debt-distress-cenbank-governor\/","title":{"rendered":"South Africa &quot;no way near debt distress&quot; &#8211; cenbank governor"},"content":{"rendered":"<p>JOHANNESBURG, March 12 (Reuters) &#8211; South Africa is \u201cno way near debt distress\u201d, central bank governor Lesetja Kganyago said on Friday, despite the country\u2019s debt-to-gdp ratio nearing the 100% mark seen as a red line for investors and credit rating agencies.<\/p>\n<p>Kganyago, speaking live online during an African Development Bank panel, did however warn of the dangers of implementing fiscal austerity during a prolonged contraction of gross domestic product.<\/p>\n<p>\u201cDebt is an outcome of your fiscal policy stance, so for as long you are running a fiscal policy deficit you will have debt,\u201d Kganyago said. \u201c(But) it could actually be self-defeating if you try to implement fiscal consolidation during a growth crisis.\u201d<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/safrica-cenbank\/south-africa-no-way-near-debt-distress-cenbank-governor-idUSL8N2LA589\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, March 12 (Reuters) &#8211; South Africa is \u201cno way near debt distress\u201d, central bank governor Lesetja Kganyago said on Friday, despite the country\u2019s debt-to-gdp [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Africa &quot;no way near debt distress&quot; - cenbank governor - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/south-africa-no-way-near-debt-distress-cenbank-governor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa &quot;no way near debt distress&quot; 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