Communists Love Spending Other People’s Money: Even though corrupt ANC has steered clear of IMF loans thus far, because they require financial transparency and discipline, the COVID-19 pandemic and Black Privilege has allowed the ANC government to get a loan, without an IMF structural adjustment programme, despite the IMF being deeply suspicious of ANC and COSATU. Seizing the opportunity the Corona Virus has afforded them, the ANC grabbed 100% of South Africa’s IMF quota.
The IMF loan amount of $4.3 billion (R70.6 billion) is allegedly to help mitigate the adverse socio-economic impact of the Covid-19 pandemic, however it is unlikely that that is where the lion’s share of the relief package will go, as the IMF is “respecting” the ANC’s decisions on how best to provide relief for the economy, and ANC gets to decide who is worst affected by the current crisis. So ANC cadres score big once again.
The ANC government had made it clear that they do not want an
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