IMF threat may force SA to implement reform programme
Seeking help from the IMF would be politically dangerous for the ANC as it could be seen as a failure to manage the economy
20 August 2019 - 15:49
The threat of an International Monetary Fund (IMF) bailout, unthinkable a few years ago, may force the government to push through the reforms it needs to rescue the economy.
An expanded bailout for struggling power utility Eskom and calls from other state companies for support have strained SA’s budget, prompting business groups and analysts to warn the country could be pressed to ask the IMF to help keep a lid on ballooning debt...
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