Investor demand surged at South Africa’s government debt auction, with orders totaling 17.95 bln rand for the 3.75 bln rand offered. The bid-to-cover ratio of 4.8 was much higher than the 2.9 seen in the previous week. Investors await details from Finance Minister Enoch Godongwana on how to address the budget deficit, considering options like a smaller VAT increase, spending cuts, or increased borrowing.