International Monetary Fund Article IV Report on South Africa 2019

The International Monetary Fund (IMF) has published the outcome of its Article IV Consultation with South Africa, which was held from 6 – 21 November 2019. "The IMF states that South Africa has undeniable economic potential, which remains largely untapped. However, it notes that downside risks to the economy going forward, include: (i) weak economic growth, (ii) deteriorating fiscal and debt positions and (iii) difficulties in the operations of state owned enterprises (SOEs). ... The IMF recommends that South Africa creates a conducive environment for private sector investment and takes a decisive approach to implement structural reforms in order to boost economic growth. These include reducing the cost of doing business, streamlining operations of SOEs, releasing the spectrum, improving governance, promoting competition in product markets and addressing labour market issues."