Tapping R500 billion forex reserves will only delay fiscal cliff

[Shaun Jacobs]

Tapping R500 billion forex reserves will only delay fiscal cliff

Dipping into South Africa's gold and forex reserves won't solve its fiscal problems, but only delay the inevitable cliff unless spending is controlled and economic growth is boosted.

 

[LCBXX]

Where's the R500bn from the Covid war-chest uncle Cyril cracked?

 

[rvZA]

The country is already over the fiscal cliff. There is no denying it. Tapping the forex reserves will just make the fall faster and landing harder.

 

[Gaz{M}]

Where's the R500bn from the Covid war-chest uncle Cyril cracked?

Correct me if I'm wrong, but there was never a R500bn cash fund that was stolen. I understand it to be R500bn in finance and loan guarantees for banks and businesses. And who knows if any of it was ever taken up?

 

[DapperDanMan]

Where's the R500bn from the Covid war-chest uncle Cyril cracked?

Stuffed into a number of couches.