Lukanyo Mnyanda Editor: Business Day

The headlines all noted that the loan that SA secured from the International Monetary Fund (IMF) was a first for the country. Some noted that it was, at $4.3bn (about R70bn), the biggest granted to any country so far.

What’s not clear is whether this should be a source of national pride or shame. The consensus would tend to veer towards the latter, if for different reasons.

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