SA needs to rebuild business confidence and clean out the rot. This is the blunt message delivered to Cyril Ramaphosa by International Monetary Fund (IMF) MD Christine Lagarde. The IMF boss met Ramaphosa‚ who is leading SA’s delegation to the World Economic Forum (WEF) in Switzerland in his capacity as SA’s deputy president‚ in Davos on Tuesday. The meeting came as the IMF this week cut SA’s growth forecast for the next two years‚ citing political uncertainty. Lagarde‚ who described their discussion as "fruitful"‚ said in a statement: "We concurred that longstanding structural challenges continue to weigh on growth in SA. We consequently agreed that bold and timely reforms are needed to create an environment conducive to job creation and less inequality. "Recent initiatives to improve governance and strengthen public institutions are steps in the right direction. "These efforts need to be sustained and be complemented both by fiscal policies that stabilise debt at manageable and sus...

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