IMF urges South Africa to prioritise ongoing electricity and logistics reform to enhance …

The International Monetary Fund (IMF) has again urged South Africa to implement its economic reforms “ambitiously”, while arguing for priority to be given to reforms in the electricity and logistics sectors that pose binding constraints to higher growth. An IMF staff mission visited South Africa from November 11 to 25 for the 2024 Article IV annual consultation, and a report was published on November 26 that included an IMF growth forecast of 1.1% for this year and 1.5% for 2025.