OPINION: Is an IMF bailout for SA imminent post May 8? | worrall_denis
Given that the election of 8 May is unlikely even marginally to change the South African social and economic reality, spelling out IMF involvement becomes a post-election imperative, writesLike so many others I have listened to several presentations on the likely results of the election and speculations on the respective voting performances at national and provincial level of the different parties.
South Africa is not short of capable and clever economists, social scientists and political analysts. RW Johnson is one of them. In 2015 he published a book with the challenging title. His analysis of South Africa at that time and in effect since 1994 was devastating.
In October 2012 the IMF warned South Africa about its rising public debt – by then 41% of GDP and rising. What struck Johnson was the diminishing willingness of foreigners to fund that debt.
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