South African Finance Chief Wary of Binding Rules to Cap Debt.

South African Finance Minister Enoch Godongwana expressed concerns about implementing a binding fiscal anchor to cap the nation's debt, as it could limit policy options and undermine elected officials' roles. While some economists and political parties advocate for a fiscal anchor to stabilize finances, Godongwana emphasized the need for flexibility in government policy choices. Additionally, discussions around lowering the inflation target in South Africa are ongoing, with Godongwana prioritizing other pressing issues over this adjustment. Ratings agencies may review South Africa's credit rating following a budget update, but Godongwana remains focused on addressing the country's key needs without being overly concerned about potential rating changes. [Extracted from the article]