South Africa's National Treasury raised the country's GDP estimate for last year by 5.3%, Bloomberg reports. In absolute terms, the economy was worth R8 trillion ($489 billion). Thanks to the renewed statistical calculation, the expected peak of the ratio of public debt to GDP in 2025-2026 has dropped from the previously expected 78.4% to 74.6%.

South Africa's National Treasury raised the country's GDP estimate for last year by 5.3%, Bloomberg reports. In absolute terms, the economy was worth R8 trillion ($489 billion). Thanks to the renewed statistical calculation, the expected peak of the ratio of public debt to GDP in 2025-2026 has dropped from the previously expected 78.4% to 74.6%.