AFTER THE BELL: Mapping a new mindset - climbing our way out of financial debt (opens original article in a new tab)

South Africa's government is managing its debt by spending less than it earns and using windfalls to pay back debt, leading to improved credit ratings and a model for personal financial control.

• South Africa's government is reducing debt by spending less than it earns and using windfalls to pay back debt.
• The government's debt management has led to improved credit ratings from major agencies.
• The article emphasizes personal financial control through responsible spending and avoiding unnecessary debt.
• The article highlights the importance of long-term financial planning and avoiding short-term consumerism.