The funding was generated to help countries fight and recover from theCovid-19pandemic.
It has also noted the impact of the vaccine campaign.
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South Africa will receive R65 billion from the IMF. Photo credit: Waldo Swiegers/BloombergSource: Getty Images
IMF spokesperson Gerry Rice said that the civil unrest had cost SouthAfricaR50 billion in economic damage according toIOL.
This happened just three hours after the Johannesburg Stock Exchange (JSE) opened.
At the time of writing this report, the rand was trading at R15.18 to the dollar.
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The rand has reached its weakest level since March, according toMoneyweb.
According toSABC News, on Tuesday, trading on the JSE was delayed.
This was due to the large trading volumes that extended to a record R145 billion.
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The trading still needs to be processed.
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