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R70bn IMF loan to fund government programmes 'which could include salary payments' - Mboweni

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Finance Minister Tito Mboweni with Treasury personages earlier this year.
Finance Minister Tito Mboweni with Treasury personages earlier this year.
GCIS

While the jury is still out on public sector wage increases, Finance Minister Tito Mboweni says government's R70 billion International Monetary Fund (IMF) loan will be used to support existing government programmes, "which could include salary payments".

Mboweni however said the IMF’s $4.3 billion loan (around R70 billion) granted to South Africa in July will not be earmarked specifically for the payment of salaries. 

This was contained in his response to a written parliamentary question from DA MP Leon Schreiber who questioned whether any portion of loan will be used to pay the salaries of public servants.

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