Montfort Mlachila

South Africa gets $4.3bn IMF loan. In return, the country must reform

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…

Thando Maeko

4 min read

After a series of meetings between the treasury and the International Monetary Fund (IMF) earlier this month, staff from the latter institution concluded that South Africa’s growth would sharply deteriorate to just 0.1% in 2023.

AFRICAN DEVELOPMENT BANK

16 APR 2020

IMF talks are yet to begin

Measures to contain Covid-19, including the lockdown, are costly and hurt the economy

Thando Maeko

3 min read