The ANC will struggle to keep economic promises to the IMF after its ‘Rubicon’ moment

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By Ed Stoddard and Tim Cohen

Intellidex analyst Peter Attard Montalto has likened South Africa’s $4.3-billion International Monetary Fund loan to a kind of crossing of the Rubicon. This is spot on… and worrying in many ways. It presents the ruling ANC with two simultaneous problems: Keeping its promises to the IMF and selling its IMF bondage to the cadre core, and its support base. Oddly, the first may be much more difficult than the latter.

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