IMF loan is game-changer for SA – Peter Leon

South Africa is set to receive a R71bn loan from the IMF. BizNews chats to Peter Leon about what the loan means for the future of our economy.
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South Africa is set to sign up for a R71-billion loan from the IMF (International Monetary Fund). What does a loan of this magnitude mean for the country and the future of the economy? Here, BizNews founder Alec Hogg chats to Peter Leon, a partner at Herbert Smith Freehills, about the IMF loan and the terms and conditions South Africa will have to comply with. – Jarryd Neves

Peter Leon is a partner at Herbert Smith Freehills, a big law firm.

It is indeed. We have around 26 offices around the world. We started the office in Johannesburg in October 2015 (Coming up for five years). I joined in December 2015. We have several thousand lawyers scattered around the world. But the main hub of the firm is the UK and Australia, with a number of offices in Europe, this office in Johannesburg and a number of offices in Asia – in China, Hong Kong and Singapore. There's an office in New York, too.

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