Another crushing blow to South Africa
The IMF’s latest economic outlook for South Africa has axed the country’s growth prospects for 2026, warning that things could get much worse if the Middle East war continues and dominoes start to fall.
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IMF expects Godongwana to maintain budget surplus target of 1.5% of GDP
The International Monetary Fund expects Finance Minister Enoch Godongwana to maintain a primary budget surplus target of 1.5% of GDP, its mission chief for South Africa Delia Velculescu said. “What we would hope and expect from it is to see adherence to the primary surplus target that was announced in the medium-term budget statement, so…
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IMF sends a warning to South Africa
The IMF has warned the South African government that, despite its post-COVID recovery, public debt is still running too hot and lagging policy reforms are holding the country back.
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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.