It is appealing to the International Monetary Fund to censure the government for its use of B-BBEE criteria in Covid-19 relief funding
In a controversial move, the DA has taken its opposition to the use of racial criteria in the distribution of Covid-19 funds to the international stage.
“I have no doubt that the IMF has no intention of fueling racial discord in SA. I trust that the IMF will not hesitate in directing the SA government to not use its loan financing in a way that furthers racial discrimination,” Steenhuisen said in a statement. While the Treasury has announced its intention to seek funding from the IMF it has not yet announced that it has done so, or that the funds have arrived.
Last week, the Treasury said it was looking to raise R95bn from multilateral institutions — $50m from the World Bank, $1bn from the New Development Bank and $4.2bn from the IMF — for business support, job creation and the protection of existing jobs.
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.
DA seeks IMF support for its opposition to race-based Covid-19 relief fundingIt is appealing to the International Monetary Fund to censure the government for its use of B-BBEE criteria in Covid-19 relief funding
Read more »
Africa must not let disputes with foreign investors undermine its Covid-19 responseThere is an imminent threat of claims arising from emergency measures, so countries should review how investor-state disputes are handled
Read more »
China’s May Day travel a good sign of recovery after Covid-19115-million trips made, many by car and by younger people emerging from weeks of a coronavirus lockdown, augers well for the sector
Read more »
An official in the Presidency has tested positive for Covid-19The official from the Presidency who has tested positive for Covid-19 has not come into contact with President Cyril Ramaphosa and Deputy President DD Mabuza, said spokesperson Khusela Diko. | Day41ofLockdown
Read more »
Presidency 'essential' staff member tests positive for Covid-19An 'essential staff' member within the presidency has tested positive for Covid-19.
Read more »
Covid-19 positive Eskom employee placed in isolation, work area disinfectedEskom says of the seven employees that were tested for Covid-19 following contact with the infected person, six results have been received and they are all Covid-19 negative.
Read more »