IMF Staff Completes Staff Visit to South Africa
South Africa needs to urgently remove obstacles to private investment and encourage competition to reignite economic growth in the medium term
The economy’s recovery from the pandemic should continue this year as lagging sectors (tourism, hospitality, and construction) gradually catch up. Mitigating the impact from COVID-19 and recent floods and preserving well-targeted social outlays are key priorities; South Africa needs to urgently remove obstacles to private investment and encourage competition to…