SA’s logistical challenges and its debt burden and high borrowing costs are two big clouds hanging over the economy, the IMF said after it almost halved SA’s growth forecast to just 1% for 2024 — and called for SA to implement reforms and lower its budget deficit.

In its World Economic Outlook Update, which it launched in Johannesburg on Tuesday, the IMF took a more positive view of global prospects than it has for some time, saying the global economy had begun the final descent to a “soft landing”, with inflation declining steadily and growth holding up...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.