South Africa Struggling to Rein in Deficit

The transcript discusses concerns about South Africa's potential downgrade to junk status due to debt issues, particularly related to Eskom. It highlights the National Treasury's awareness of these risks and their efforts to find solutions. The discussion also covers political dynamics affecting fiscal metrics and the positive outlook from rating agencies due to recent reforms under President Ramaphosa. These reforms include changes in state-owned entities and public services, with further economic reforms expected post-elections.

How do the fiscal metrics affect South Africa's economic stability?

What are the expected outcomes of the reforms mentioned in the text?