Alert 124 – Is reliance on foreign loans a ticking time bomb for South Africa?
As confirmed cases of Covid-19 hit 35 812 on 2 June, South Africa is looking to multilateral lenders to fill the enormous funding gap that has arisen as a result of the virus, the local lockdown, and global impacts. It has also announced that it is looking for investments for a R350 billion (US$20.5 billion) …