ALLAN GREENBLO: Covid crisis a blessing in disguise for SA
After the Covid-19 crisis SA cannot be the same as it was before the pandemic. There is an opportunity for the government to implement policies that place the country in a stronger position. But will this chance be grasped?
Call in the International Monetary Fund (IMF) for the economic restructuring that a factious ANC government cannot launch – increasingly, it seems inevitable. This proposition derives from the hallowed proverb, of which cabinet members might be unaware, that beggars can’t be choosers.
In mind here is not the IMF’s short-term cushy little “rapid financing instrument” quickly to smack an aberration. Over and above there lingers, for use in a full-blown payments crisis, the long-term biggie known as the “extended credit facility”...