×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

President Cyril Ramaphosa has his eyes on the right objectives for the country and is very focused on what he wants to deliver, IMF head Christine Lagarde said on Wednesday. Commenting on speculation that the country could approach the global lender for a bailout considering its precarious financial position, Lagarde said the IMF had not been approached for funding. “Our focus is on governance and unleashing the potential of growth. We see [Ramaphosa] as perfectly suited, given the challenges ahead,” she said, citing the high levels of youth unemployment and the need to increase growth. Lagarde is in the country as part of the IMF head’s annual African trip. She told journalists soon after meeting Ramaphosa in Pretoria on Wednesday that her organisation has faith in the president. The vote of confidence is a significant boost for Ramaphosa who took over from former president Jacob Zuma early this year. His key tasks are to restore investor confidence, improve growth, and cleanse the...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.