Angola’s expanded IMF deal, SA lockdown easing

The formal expansion of Angola’s IMF programme this week will go some way towards easing the country’s balance of payments pressures, but further debt restructuring (including private creditors) is still not out of the question. Meanwhile, the announcement of a further relaxation of South Africa’s lockdown measures will give a shot in the arm to the fragile economic recovery. Just like the rebound in activity, the latest rescue plan for the struggling power firm Eskom faces plenty of hurdles.