IMF Staff Concludes Visit to South Africa
June 3, 2019
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.
South Africa’s subdued economic growth could be reignited if the pace of structural reform implementation accelerates.
Robust actions are needed to reduce the fiscal deficit and reverse the increase in public debt.
The government has a renewed opportunity to press ahead with policies to further strengthen governance, encourage competition, increase labor market flexibility, and, more generally, reduce the cost of doing business.