IMF urges SA to cut the red tape to boost growth and jobs
Economists spell out how SA could add 1.8 percentage points to its economic growth rate
03 February 2025 - 05:00
SA stands out as having one of the world’s most restrictive business environments, the IMF says, citing burdensome and costly government regulations and high regulatory obstacles, and urging for a package of reforms to cut through the red tape to boost growth and employment.
The IMF’s economists calculate that SA could add 1.8 percentage points to its annual economic growth rate over the medium term, and 1.5 percentage points to annual job growth, as well as cut inequality, with a package of reforms that would close the gap with its emerging market peers...
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