South Africa plans to raise around R630 billion in global markets this year, Finance Minister Enoch Godongwana told lawmakers on Tuesday. Godongwana made the remarks as he briefed the lawmakers on a recent R11 billion World Bank loan granted last month to help protect the poor and bolster a weak economy pummelled by four waves of the global pandemic. “This year we are likely to raise R630 billion, so if look at R11 billion in the scheme of things, it is small,” he said.
Yes, for now, that is what we are going to be telling you on the 23rd, but … if we don’t change the debt trajectory, we may not be able to solve those obligations,” Godongwana said. Godongwana presents his maiden national budget to parliament on February 23. jQuery.on { event.preventDefault; jQuery.animate).offset.top }, 500); }); jQuery.ready { jQuery.bind { jQuery.lightBox }); function getSelectedText { if { var range=window.getSelection; return range.toString } else { if { var range=document.