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IMF Says South Africa Hasn’t Asked for Assistance, Doesn’t Need It

  • Lender doesn’t see balance-of-payments problem in South Africa
  • Broadband allocation, simpler visas will boost confidence: IMF
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South Africa has not asked the International Monetary Fund for assistance and does not need it, the lender’s resident representative in the country said.

The IMF doesn’t see a balance-of-payments problem in South Africa, which means there’s no need for IMF support, Montfort Mlachila said Thursday at a conference hosted by the Bureau for Economic Research in Johannesburg.