IMF says SA does not need its help and can resolve its own issues

SA has not asked the International Monetary Fund for assistance and does not need it, the lender’s resident representative in the country has said.

“To tell you the truth we — by ‘we’ I mean the institution — much prefer countries to resolve their own problems and I’ve no doubt that SA has the capacity to address its own problems in the various areas, especially on the growth front, as well as on the fiscal front,” he said. The ANC and the SA Reserve Bank have quashed speculation that the government may have to ask the IMF for help, with governor Lesetja Kganyago saying the nation’s finances haven’t deteriorated to that point.

Broadband allocation and simplifying the visa process are “readily achievable policies” that can boost confidence, Mlachila said.

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