IMF recommends improving SOEs to stabilise public finances - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Image: ReutersNational Treasury has welcomed the International Monetary Fund recommendations to improve the state-owned enterprises in efforts to contribute to the sustainability of public finances.The IMF staff acknowledged progress made in implementation of structural reforms and encouraged South Africa to deepen and speed up implementation of outstanding structural reforms to address the economic challenges facing the country.

“Government recognises the need to address deep-rooted socioeconomic challenges, including unemployment, inequality and poverty, while stabilising government debt,” the Treasury said.

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So much policy paralysis under this government. One moment they are defunding SOE's and in a blink of an eye, they will fund them as per the advices of IMF. Without the IMFs what is standpoint of the ANC government on SOEs?

We do not need assistance from IMF or World Bank we’ve been trapped in this debt for a long time and it’s time we free ourselves

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