South Africa's 2025 budget expected to tackle high debt service costs: expert

JOHANNESBURG, Feb. 11 (Xinhua) -- South Africa's 2025 budget is expected to address high debt service costs and increase taxes on alcohol and tobacco, a South African economist said on Tuesday.

Frank Blackmore, lead economist at KPMG South Africa, made the remarks while announcing the consulting company's key predictions for the upcoming 2025 national budget speech regarding taxation and the economy.