Wednesday 23 September 2020
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allafrica - 2 month ago

South Africa: The ANC Will Struggle to Keep Economic Promises to the IMF After Its Rubicon Moment

[Daily Maverick] Intellidex analyst Peter Attard Montalto has likened South Africa s $4.3-billion International Monetary Fund loan to a kind of crossing of the Rubicon. This is spot on... and worrying in many ways. It presents the ruling ANC with two simultaneous problems: Keeping its promises to the IMF and selling its IMF bondage to the cadre core, and its support base. Oddly, the first may be much more difficult than the latter.


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