The International Monetary Fund (IMF) said it had become more apparent than ever that South Africa would encounter more economic turbulence in 2018.
The IMF has warned South Africa that a reform plan needs to be implemented soon in order to restore confidence in the economy.
The International Monetary Fund released its World Economic Outlook on Sunday, with a rather grim prospect forecast for South Africa.
As the vote was underway, thousands of protesters demonstrated outside Parliament. There were some clashes as protesters threw petrol bombs with police.
Greeks have been queueing at ATM machines across the country after the Prime Minister announced banks would stay shut for the remainder of the week.
The leaders of the BRICS (Brazil, Russia, India, China and South Africa) emerging market nations have launched a new international development bank set to rival the World Bank and International Monetary Fund (IMF). The move was signed off at a Brazil summit on Tuesday. The BRICS countries have agreed to set up a $100 billion…