Tito Mboweni: government to borrow R118bn from international institution

Finance minister Tito Mboweni has revealed that government intends to borrow US$7bn (R118bn) from international finance institutions, warning strongly that it is money which must be paid back. “Government intends to borrow US$7bn from multilateral finance institutions for its pandemic response. This includes a US$1bn loan from the New Development Bank. As a member of … Continue reading Tito Mboweni: government to borrow R118bn from international institution