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Global Ageing 2010: South Africa

Author: Christian Esters, Marko Mrsnik
Organisation: Standard and Poor's
Publish Date: 2010
Country: South Africa
Sector: Economic
Method: Scenarios
Theme: General
Type: Other publication
Language: English
Tags: global, Ageing

South Africa's population is expected to grow to 57 million by 2050, with the proportion of elderly people increasing to 10.1% from 4.6% today. Age-related spending is projected to increase to 8% of GDP in 2050 from 4.5% at present, while net general government debt would increase to 93% of GDP in our base-case scenario. Alternative scenarios - incorporating a balanced budget assumption for 2016 and the assumption of no additional age-related spending - led to significantly lower net general government debt levels.
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