Government is considering temporarily increasing grants for the elderly and children. This in an effort to cushion them against the socio-economic impact of COVID-19. The possibility of grant increases was revealed by Finance Minister Tito Mboweni, during an online briefing.
Addressing journalists on a conference call, Mboweni said of any possible IMF loans:"We are not looking for budget support, we would be looking for the COVID-19 specific packages that we can access, and we are talking to them about that. "We know what to do, we know what our structural reform programme is. We will not be looking into that at all."
No agreement had yet been reached on pay increases for public-sector employees due to take effect this month, he said.
Never say never
Only for the time being.....if the ANC remains in power...they have no pption but to accept ...and knock at the IMF / World Bank's door.
No SAP's? Good luck in securing money from IMF or from any other multilateral institutions
Could it be that the government is scared of strict corporate governance or msybe real life style audits ?
IMF requires implementation of certain economic policies. These policies reduce government borrowing and is associated with higher taxes and lower spending. Africa might not receive financial aid.
that is appreciated Tito, let us manage our problems with what we have rather than expanding the country's debt
They know that IMF will question all the dodgy funds they release towards useless tenders.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
SA can conduct 25,000 Covid-19 tests a day, Business for SA saysOver 10,000 field workers have been deployed by the government to screen and refer patients for testing for Covid-19, as part of its strategy to try to slow community transmission
Source: BDliveSA - 🏆 12. / 63 Read more »