Various international bodies have indicated that sub-Saharan Africa is the region with the fastest growing debt burden in the world, with the pace of increase raising concerns about debt sustainability on the continent. According to SA Reserve Bank governor Lesetja Kganyago the magnitude, pace and spread of the build-up in debt obligations have raised macroeconomics and financial stability concerns, especially in emerging and developing countries. Kganyago said: “Debt levels have been increasing considerably during 2020 with the interplay between various factors, most notable the need to manage the impact of the Covid-19 coronavirus pandemic.” Speaking at the virtual 4th annual Distributed Sovereign Debt Research and Management conference, Kganyago said while debt has a very important role to play in economic development, one should also reflect on the challenges and pitfalls presented by debt to developing countries in sub-Saharan Africa.