The opposition is also happy about approaching the IMF and World Bank, unlike the EFF.
In a statement on Tuesday evening, the DA welcomed President Cyril Ramaphosa’s announcement of a “suite of economic support measures to counteract the effects of the coronavirus pandemic on individual South Africans, on businesses and on our economy as a whole”.
“Many of the measures announced tonight echo those the DA has been calling for to safeguard not only the lives but also the livelihoods of millions of South Africans hit hard by the lockdown to contain the spread of Covid-19. The president has our support in rolling out these interventions. He also has our support for the economic reforms he committed to, because without such reforms this R500 billion injection will be short-lived and ultimately wasted.
This was in stark contrast to the position of the EFF, which said in a statement of its own that the IMF and World Bank should be spurned due to the conditions their loans were generally issued with. “This is essentially the smart lockdown plan the DA proposed last week, and is critical to starting our economy up again. We look forward to the details of this plan,” he said.
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