# Saftu and Cry of the Xcluded has rejected the 26.5-billion-rand World Bank loan granted to the South African government. Saftu’s spokesperson, Newton Masuku says they consider it a dangerous Trojan Horse package, like so many others from the World Bank and the International Monetary Fund. He says this new World Bank loan is not yet available to the public on the Bank or Treasury websites. He adds the loan is in fact a mechanism to deepen the neoliberal offensive.
SAFTU rejects R26.5-billion World Bank loan granted to government