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.

😄

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

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa's Payfast Launches New Initiative to Upskill Aspiring Business Owners - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsSouth African online payment gateway firm PayFast has launched a 12-week development programme with Heavy Chef’s entrepreneur education non-profit – the Heavy Chef Foundation. The new initiative is designed to empower aspiring business owners with the skills needed to set up their own e-commerce stores. According to Heavy Chef, more than 42% of emerging South […]
Source: ITNewsAfrica - 🏆 27. / 59 Read more »