South Africa does not need an IMF bailout - Dawie Roodt

Loading player...
Author and political scientist RW Johnson has predicted that South Africa will eventually be forced to go to the IMF and ask for a loan. Several other analysts have also supported this idea, but this lender of last resort has been described as a brutal loan shark by countries who were forced to go to an IMF bailout. Asking for a loan comes with strings attached; countries have to apply painful structural adjustment programmes. So, is this what South Africa would be forced to do if it does not get the spiralling debt of Eskom and the other state owned enterprises under control? Chief Economist of the Efficient Group, Dawie Roodt told Biznews in an interview that South Africa did not need an IMF loan, but it could be an option if a desperate Finance Minister wanted to enforce much-needed structural change in South Africa. - Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
11 Sep 2019 7AM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min