South Africa
Supporters of the Economic Freedom Fighters (EFF) party rallied in Cape Town to denounce South Africa's borrowing from the World Bank and the International Monetary Fund.
The protestors had gathered outside the venue where finance minister Enoch Godongwana was delivering the annual Budget Speech.
Last July, South Africa's Treasury announced that it had secured $4.3 billion from the IMF. The EFF denounced the lenders as economic terrorists.
"We will explain to you when we come back here, that when the national treasury announced the loan from the World Bank, both the minister and the deputy minister of finance were not aware. But there's a clique within national treasury that is in control of national treasury, and even takes dangerous decisions, such as taking loans from the World Bank, and the IMF," said Floyd Shivambu, the party's Deputy President.
In January, the country took $750 million from the World Bank to strengthen its pandemic response.
The EFF has slammed the loans as 'genocide'.
South Africa's economic recoverywill be difficult, the finance minister warned on Wednesday.
01:26
Eskom's energy availability factor and the road to stability
01:02
Pics of the day: May 2, 2024
01:50
May Day: South African workers march in support of Palestinians
Go to video
Togo's parliamentary election tests proposal to prolong dynasty's rule
01:55
South Africa marks Freedom Day ahead of tough general election
02:20
South Africa to mark 30 years of freedom amid inequality and tense election ahead