Tag: New Development Bank
Awakening the economy from COVID-induced coma
President Cyril Ramaphosa presented the five-level, risk-adjusted strategy that will guide South Africa’s emergence from lockdown. As the finer points of the strategy were shared, it became clearer how - and when - certain sectors will once again gear up into activity.
IMF funding: the benefits to SA’s investment outlook
A loan from the IMF could instil investor confidence – with or without conditions. The previous announcement by the Minister of Finance Tito Mboweni that the South African Government is considering approaching the International Monetary Fund (IMF) for financial assistance amid the COVID-19 pandemic has drawn quite a bit of criticism.
Government adds to COVID-19 economic relief
We have prepared a short summary and useful infographic following the president’s announcement of a R500 billion economic and social relief package in his address on Tuesday night 21 April 2020. The source of the remainder of the R500 billion financing outside of the R200 billion loan guarantee scheme, budget reprioritisation of R130 billion and around R100 billion from multilateral sources and global partners
