The ANC and its alliance partners have rejected any suggestion that SA may turn to the International Monetary Fund (IMF) or the World Bank for funding to fight the coronavirus, which threatens to drag the country's economy deeper into recession.
The secretariat called upon the Reserve Bank to play a vigorous developmental role towards the turnaround of the economy.
To the extent that it is necessary, the government should explore approaching the New Development Bank established by Brics, they said. The secretariat also took issue with the Treasury postponing the allocation of resources for National Health Insurance implementation and called for an urgent review of this decision.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tripartite alliance says no to seeking Covid-19 support from IMFAlliance secretariat calls on the government to explore all domestic sources of funds, including retirement funds
Read more »
Tripartite alliance says no to seeking Covid-19 support from IMFAlliance secretariat calls on the government to explore all domestic sources of funds, including retirement funds
Read more »
'I'm raising funds to help fight Covid-19', says Bushiri on tithe pleaProphet Shepherd Bushiri has spoken out about the viral video where he asks for money from his congregants, claiming that it is all for a good cause.
Read more »
SMMEs outraged over solidarity fundsOrganisations say they have been excluded from Covid-19 emergency funds due to red tape.
Read more »
COVID-19 LIVE UPDATES | 'Covid-19 has proven African countries can hold their own': RamaphosaTwo patients in their 80s have died, bringing the death toll from Covid-19 to 11 in South Africa, health minister Zweli Mkhize said on Sunday night. Both patients had underlying medical conditions.
Read more »
Nigerian doctors reject plan to invite Chinese medical team to curb Covid-19The Nigerian Medical Association has rejected the federal government's invitation to a Chinese medical team to assist in the fight against the coronavirus.
Read more »