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South Africa set to scale back borrowing as Africa’s debt climbs to $155bn, says S&P

South Africa is expected to reduce its borrowing in 2026 even as African sovereign debt issuance rises to an estimated $155 billion, highlighting the country’s relatively stronger fiscal position amid a challenging global environment. A new report by S&P Global Ratings released on Thursday forecasts that African governments will collectively increase commercial borrowing from $140bn in 2025 to $155bn in 2026.  [...]