Kganyago warns of IMF bailout risk amid political shifts in SA

South Africa's central bank governor, Lesetja Kganyago, warns the next government to manage limited resources or risk needing an IMF bailout. Amid political shifts, including potential coalitions and nationalization talks, Kganyago highlights the financial impracticalities of nationalizing banks, which could double government debt. With debt already high, he stresses the necessity of prudent fiscal management to avoid severe IMF-imposed austerity measures.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

By Adelaide Changole

South Africa's central bank chief said the next government will need to accept it has limited resources or risk having to go to the International Monetary Fund for a bailout.

___STEADY_PAYWALL___