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South Africa’s resistance to borrowing from the International Monetary Fund

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Dr Nthabiseng Moleko, Development Economist At Stellenbosch Business School talking about The economic calamity of the coronavirus broke South Africa’s resistance to borrowing from the International Monetary Fund.
And now some allies of President Cyril Ramaphosa and his ruling African National Congress worry that the $4.2 billion (R70.49 billion) loan his government is negotiating with the Washington-based agency marks the first step toward a slippery slope of submission.
8 Jun 2020 9AM English South Africa Business News · Investing

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