The South African Federation of Trade Unions has strongly rejected the government's decision to secure a R25 billion Development Policy Loan from the World Bank, warning that the country is risking deeper debt, privatisation and austerity.

The National Briefing · Jul 23, 2026 · 5m

The South African Federation of Trade Unions has strongly rejected the government's decision to secure a R25 billion Development Policy Loan from the World Bank, warning that the country is risking deeper debt, privatisation and austerity. SAFTU argues that while the government says the loan will support much-needed infrastructure and economic reforms, South Africans have not been told the full conditions attached to the funding.

Guest: Zwelinzima Vavi - SAFTU General Secretary