South Africa’s national debt has risen sharply over the past 12 months which places an incredible strain on the economy and the taxpayer.
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With debt at 54% of our total GDP, our interest payment alone is estimated at over R158bn per year – 12% of the total taxes collected by SARS.
Each South African citizen, man, woman and child has been lumped with R49,282 of government debt. This is not your personal debt, this is debt incurred by our government which has to be paid back by taxpayers.
|Interest per Year||R158,336,995,848|
|Interest per Second||R5,021|
|Debt per Citizen||R49,285|
|Debt as % of GDP||53.98%|
Debt clock and all live information provided by http://www.nationaldebtclocks.org