South Africa is in a “debt-trap twilight zone” that will cause of the cost of borrowing over 30 years to sharply steepen in the next year over that of 10-year debt, according to the country’s biggest independent fixed-income investor.
South Africa is in a “debt-trap twilight zone” that will cause of the cost of borrowing over 30 years to sharply steepen in the next year over that of 10-year debt, according to the country’s biggest independent fixed-income investor.