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

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min