The International Monetary Fund’s latest assessment of the South African economy implicitly rejects the government’s narrative that it is undertaking sufficient, meaningful structural reforms that will lead to faster growth, or that the planned fiscal consolidation will stabilise the debt ratio.
On current policies, the US-based lender believes that South Africa’s economic and social challenges will continue to build up and that the country will fall into long-term stagnation. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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