IMF Bailout Rumours to Kickstart South African Economic Reforms?
The possibility of a bailout from the International Monetary Fund may be the deciding factor in pushing South Africa's government to introduce the reforms necessary to boost the country's economy. This comes as a government bailout for embattled power utility Eskom has put heavy strain on the country's budget and the unemployment rate rising to 29%, its highest since 2008.
The country faces an unemployment rate of 29% with well over half of its youth unemployed, Statistics South Africa has said. The report comes after President Cyril Ramaphosa warned ... Read more »
President Cyril Ramaphosa has said that technology, globalisation, climate change and low economic growth are factors that will result in many South Africans losing their jobs. ... Read more »
President Cyril Ramaphosa has launched the African National Congress's 2019 election manifesto, promising to put job creation, investment and decent living for workers at the ... Read more »
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