JOHANNESBURG – The International Monetary Fund is scheduled to satisfy on Monday to consider South Africa’s loan demand.
Federal government is seeking a loan of $4.2 billion (R70- billion) for COVID-19 emergency financing.
This in spite of displeasure from the governing celebration’s tripartite alliance partners Cosatu and the SACP.
The IMF is known for releasing loans with stringent conditions related to structural reforms.
But it’s reported the loan to SA will not go through rigid conditions
The statement on the choice is expected later this afternoon.