The IMF loan is given with false motivation — to provide political cover for entrenched neoliberalism and deep cuts in the public service
The loan, which is repayable over five years at an interest rate of 1.1%, comes with various self-imposed conditions such cutting the public wage bill and rationalising support to the state-owned entities
The International Monetary Fund has approved a $4.3-billion – R71-billion – loan to South Africa to bolster the economic relief package
Successes and failures from other initiative such as the European Union will be instructive, but much work must be done before the African Continental Trade Area becomes a reality
Although Africans must continue to support the Black Lives Matter movement, there is also the need for them to raise their voices against injustices in other African countries
Public-private partnerships and big infrastructure builds have been suggested as ways to boost South Africa’s flagging economy. Another option to consider is green bonds, which would also help achieve climate crisis goals
The African Union’s human rights boss has expressed grave concerns about the erosion of human rights during and after the Covid-19 pandemic.
Stats SA’s latest GDP figures show the country’s economy has shrunk 2% in the first quarter of 2020
The finance minister has found money for the Covid crisis, but the cupboard is bare and he warns that a fiscal crisis is possible in 2024
The finance minister will cut departments’ allocations according to their cloth as one measure, and savings will have been made from underspend during the lockdown
International and regional finance institutions such as the World Bank, the IMF and the AfDB have provided emergency assistance, but there still remains a funding gap to effectively fight Covid-19
The Covid-19 pandemic provides a chance to reflect on, reimagine and reset the global economic system
Today, the whole world stands where Europe was in 1945. Europe recovered then thanks to massive international assistance. That same attitude of cooperation and solidarity is needed now more than ever
The International Monetary Fund’s emergency funding is cheaper than other options and is low risk. The Reserve Bank creating money to finance government debt is a better option
Government’s response to the coronavirus is unlikely to counteract the expected sharp decline of the country’s gross domestic product
Finance Minister Tito Mboweni has outlined the fiscal and monetary policy interventions implemented by the government in its fight against Covid-19
President announces an ‘extraordinary coronavirus budget’ with R20-billion for healthcare and spending on the pandemic equal to 10% of national GDP
President Cyril Ramaphosa is set to announce the government’s long-awaited economic stimulus plan to deal with the effects of Covid-19. The key will be getting loans for a stimulus without ‘selling’ the country.
Measures to contain Covid-19, including the lockdown, are costly and hurt the economy
With little money to respond to Covid-19, the government is looking at other sources of funding
Individualistic values, reflected in everything from the the prosperity gospel and capitalism to social media influencers, may be overcome when we emerge from the Covid-19 pandemic
Jakkie Cilliers’s book about igniting a growth revolution in Africa has some timely lessons as we seek ways to mitigate the economic effects of Covid-19
Authorities are urging people to remain calm about the Covid-19 coronavirus outbreak, and with good reason — panic will only exacerbate the situation
The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27
African governments are issuing and listing their Eurobonds on established international debt markets – usually London and Irish Stock Exchanges
These include improving teachers’ knowledge and pay, and teaching in the mother tongue
A resurgent conspiracy theory that Nelson Mandela died in 1985 reveals the growing hopelessness in South Africa that rampant inequality is irreversible
They represent a range of views and are tasked with reaching an agreement on divisive issues
India and China’s slowdown is natural and they’d do well to focus policies on the notion of wellbeing
Female bosses at the IMF, ECB and EU are putting climate at the heart of policymaking
Violent protests have broken out in several Arab countries since early 2010 and turned into bloody civil wars in Syria, Yemen and Libya
The protests and their aftermath have uncovered the social tensions arising from the marginalisation of indigenous populations in the country