- Jun 4, 2014
SAA bail out on it's way
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Insight from the Economics Dept of StelliesAdding the debts of the banking sector, including the Reserve Bank, and of the private sector, the total foreign apartheid debt amounted to US$ 25 billion.
Our debt now is like $200 Billion or something? Please correct me if I am wrong.
Even the IMF realised this ... a few days too late:Wait, so this IMF fund is going to be applied on a zero-budget approach?
People seem to be under the impression that the IMF will keep South Africa in check, but I won't be surprised to see the IMF support the NDP adoption or any other plan the government have with their enterprises.Even the IMF realised this ... a few days too late:
IMF urges South Africa to make reforms South Africa is likely to benefit more from implementing structural reforms to boost economic growth, revive business confidence and stabilise debt than fiscal consolidation, the International Monetary Fund said.mybroadband.co.za