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Finance minister Tito Mboweni delivering the supplementary budget speech on Wednesday June 24 2020.              Image: GCIS/Kopano Tlape
COVID 19

Tito Mboweni: government to borrow R118bn from international institution

Finance minister Tito Mboweni has revealed that government intends to borrow US$7bn (R118bn) from international finance institutions, warning strongly that it is money which must be paid back. “Government intends to borrow US$7bn from…

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Dondo Mogajane, director general of the National Treasury, said that South Africa “will certainly go” for the IMF funding.Image: Esa Alexander/Sunday Times
AFRICAN DEVELOPMENT BANK

SA seeking $5 bln from multilateral lenders to fight Covid-19 -Treasury DG

South Africa is seeking R95-bln from multilateral lenders to help it fight the Covid-19 pandemic, a senior Treasury official said on Sunday. Africa’s most advanced economy is talking to the International Monetary Fund (IMF), World Bank,…

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