Mcebisi Jonas: 'South Africa isn't far from chaos or the IMF'

fin24.com

- fin24.com | a week ago

"I disagree with people who say we aren’t close to asking the IMF for help.

We are close! If we miss the targets in our fiscal framework by a significant number and if we cannot fix Eskom soon, we will be in crisis," Jonas, who was dismissed as deputy minister of finance by former president Jacob Zuma on March 30, 2017, said. If the country cannot agree on what is needed to ensure economic growth, how to guarantee an effective state or how to fix education, it could lead to chaos and further corruption and deterioration, he added.

During the launch of his book on Tuesday evening, he told interviewer Redi Thlabi that the ANC is facing an "existential crisis" which it is going to have to tackle.

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