OECD Economic Surveys: South Africa, 2015

The National Treasury has responded to the release of the OECD Economic Surveys: South Africa, 2015.  "The OECD report is broadly supportive of South Africa's macroeconomic stance even as it notes risks to the economic outlook. The South African government has acknowledged that electricity constraints have a negative impact on the economy, and has thus prioritised the restoration of energy security in South Africa."

"The OECD notes the South African Government has, since 1994, done well to champion policies that have broadened access to basic service and lifted million of South Africans out of poverty. Despite these gains, there are challenges, some which have been exacerbated by the global financial crisis of 2009. The OECD forecasts a 1.9 percent growth rate for 2015, mainly due to electricity challenges."