South Africa’s Ramaphosa Confident Government Can Stabilize Debt

South Africa’s President Cyril Ramaphosa says he’s confident that his government has found the balance between spending on services while reining in the nation’s ballooning debt levels.

Ramaphosa was responding to questions from supporters of the ruling African National Congress during a five-day election campaign in the Western Cape province ahead of the May 29 election. Polls predict that the party will lose its outright majority for the first time since coming into power in 1994.