Bright turn for South Africa comes with a big catch
The International Monetary Fund has published its October update to its World Economic Outlook report, which shows a more optimistic forecast for GDP growth in South Africa.
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EFF | Francois Stofberg | GDP | negative growth | sa economy | Soapbox
Stabilisation at the bottom
Barring a severe political or service delivery shock, the likelihood of a sustained collapse to zero or negative growth is very low.
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Black economic-empowerment policies | David Barr | GDP | offshoring industry | Robert Walters | South Africa
Global firms seen growing South Africa operations by 45% by 2030
The growth offers a rare bright spot for a country struggling with one of the world’s highest unemployment rates at 33.2%.