South Africa's debt grows into hippo "eating our children's inheritance"

​June 24, 2020 – Johannesburg, South Africa, Africa - South Africa's budget deficit will be the highest in the post-apartheid era, and the finance minister warned in his emergency budget speech on Wednesday that debt had become a hippo eating their children's inheritance. Public debt is projected to be more than three quarters of gross domestic product, as the coronavirus crisis stifles the economy, the Treasury said on Wednesday.