SA government is committed to transparency, IMF tells DA about BEE worries
The lender has told party leader John Steenhuisen that ‘it is important to ensure that these funds are used in an inclusive way’
28 July 2020 - 09:29
The International Monetary Fund (IMF) has assured interim DA leader John Steenhuisen that the SA government has committed to transparency in the use of the $4.3bn (R70bn) the multilateral institution has loaned to it.
This was in response to Steenhuisen’s appeal in May to the IMF to censure SA and demand that its loan for Covid-19 relief not be used in a racially discriminatory way. The tourism relief fund has granted funds to businesses that are BEE compliant, a practice that has triggered a number of legal actions but has so far been endorsed by the courts...
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