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| Name | SA's R70bn IMF loan: Everything you need to know |
| Video Uploader | Video From TimesLIVE Video |
| Upload Date | This Video Uploaded At 29-07-2020 09:22:32 |
| Video Discription | In a statement, the national treasury announced that the IMF's board had approved the government's request for “emergency financial support” to the tune of $4.3bn (about R70.58bn at current exchange rates). The loan would “help the country mitigate the adverse social and economic impact of the Covid-19 pandemic”, it said. Mudiwa Gavaza, a Business Day and Financial Mail reporter, gives us the full break down about the loan. #IMF #SABudget #SADebt TIME CODES: 00:00- How much is being loaned to SA? 00:12- Why was this loan requested? 00:32- For which sections of society will this relief package be used? 01:03- Are there certain requirements the International Monetary Fund (IMF) has stated SA must meet? 01:26- What's the catch? 02:07- What is the pay back process? 02:35- Where does this put SA’s total debt, roughly? 03:00- What does this mean for the average South African? Subscribe to MultimediaLIVE here: https://www.youtube.com/user/TimesLive Comment Moderation Policy: https://www.timeslive.co.za/comments/ |
| Category | News & Politics |
| Tags | IMF to give SA R70.6bn | International Monetary Fund (IMF) has agreed to a nearly R70.6bn loan to SA | IMF loans SA money | IMF COVID RELIEF FUND | How many loans has SA received? | SA covid relief funds | SAlockdown | South Africa gets new IMF loan | why did the IMF loan SA money? | What is the IMF loans used for? | South African debt | South African unemployement | south african corription | International Monetary Fund |
