South Africa secures loan from IMF

The International Monetary Fund (IMF) has approved South Africa's loan request of $4.3 billion to address the socio-economic impact of COVID-19.This is the country's first-ever loan from the IMF, and it could come within days. There have been mixed reactions to the country's IMF request, with some warning against the suffocating grip of accompanying conditions on the country. Meanwhile the National Treasury on Tuesday said that the multi-billion rand loan from the International Monetary Fund (IMF) had not jeopardised South Africa’s sovereignty.To help us unpack the discussion for the day, we are joined by: • Amanda Fitchen Independent Economist • Prof Patrick Bond Political Economist