The effects of monetary policy, which has kept financing costs very low, have been flanked by those of tax incentives for the purchase of capital goods and digital technologies.
South Africa therefore holds about 0.87 per cent of the total voting rights in the Fund. Under certain conditions, South Africa can borrow its total quota (R12.7 billion) from the Fund under normal Fund policies, but, of course, subject to the implementation of certain prescribed macroeconomic policies. The Fund also provides a number of other specific credit facilities, e.g.