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South Africa's Treasury says GDP rebasing has improved key fiscal metrics

South Africa's National Treasury said on Thursday that last week's rebasing of the country's Gross Domestic Product (GDP) had improved key fiscal metrics, including lowering last year's peak in the debt-to-GDP ratio. The Treasury said in a statement that debt-to-GDP peaked at 74.6% in the 2025/26 fiscal year based on the statistics agency's updated GDP estimates, down from the 78.4% figure given in last month's mid-year budget review. [...]