Home » News » World Bank loan conditions for South Africa: cut the wage bill, and no bailouts for state companies

World Bank loan conditions for South Africa: cut the wage bill, and no bailouts for state companies

The World Bank has told South Africa’s government it has to cut its wage bill to qualify for a loan of as much as $2 billion and agree the money won’t be used to bail out insolvent state companies, a person familiar with the situation said. Source: BusinessTech

Leave a Comment