The International Monetary Fund (IMF) on Tuesday approved a $2.5bn loan for Sudan, and with the World Bank sealed a landmark deal that unlocks nearly $50bn in debt relief for the impoverished African nation. The announcement came after the IMF finalised an agreement with 101 donor countries allowing Sudan to clear roughly $1.4bn in arrears to the Washington-based lender - the key hurdle to allow access to fresh aid. "We […]
Political parties have reacted differently to the International Monetary Fund’s (IMF) multi-billion rand loan to South Africa. The Executive Board of the IMF has approved the country’s request for a R70 billion loan to help bolster its response to the economic impact of the COVID-19 pandemic. However, with rampant corruption in the country, some parties are skeptical the money will reach and meet its intended purpose. The R70 billion loan […]
The Democratic Alliance (DA) said on Tuesday it would write to the Minister of Trade and Industry, Ibrahim Patel, to obtain full details of the reported loan of R3.5 billion that the Development Bank of Southern Africa (DBSA) had allegedly made available to SAA. "Given the fact that the Bank falls under the mandate of Minister Patel, the onus rests on him to come clean on the details of this […]
VOC became the first Muslim radio station in South Africa when a special events license was granted to the station in Ramadan/January 1995. Subsequent temporary broadcast licenses were granted, permitting the station to broadcast for 24 hours.
