LUKANYO MNYANDA: From hardly any debt to financial aid
No country has ever run to the IMF for help because it has been handling its finances well
02 August 2020 - 18:32
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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