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Without decisive action to remove obstacles to investment and reduce the government’s need to borrow, SA will be unable to create lasting growth or employment, the IMF has warned.

In a statement after its most recent mission to SA, the IMF said the country’s cyclical recovery from the pandemic shock has done little to address rocketing joblessness amid deteriorating confidence — worsened by July’s riots, anaemic private sector investment, and weak credit extension. ..

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