Anger and concern over SA’s R70bn IMF loan

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Anger and concern over SA’s R70bn IMF loan. Picture: Tim Sloan/AFP/Getty Images
Anger and concern over SA’s R70bn IMF loan. Picture: Tim Sloan/AFP/Getty Images

NEWS

Saftu general secretary Zwelinzima Vavi said on Wednesday that the federation “notes with deep concern and anger that the IMF issued communication confirming that it had lent South Africa $4.3 billion (R70 billion) following the acceptance by government of all conditions stipulated by the IMF”.

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ANC secretary-general Ace Magashule has written a letter suspending party president Cyril Ramaphosa in apparent retaliation after he was served with a letter of suspension on Wednesday.
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