JUSTICE MALALA: Can anyone hear the fire alarm?
Dire growth projections from the IMF and the finance minister mean we are paving the way for populists to strengthen their grip
Last week an International Monetary Fund (IMF) team that visited South Africa between November 11 and 25 — meeting economic cluster ministers, bureaucrats and others — released its “concluding statement”. Like most of the assessments of South Africa after the suspension of load-shedding and the formation of the government of national unity (GNU), the delegation is complimentary about the country’s leadership and cautiously optimistic for our economic progress.
“Real GDP growth is projected to accelerate to 1.1% this year and 1.5% in 2025, driven by recovering domestic demand supported by renewed post-election confidence, improved power generation (with no load-shedding since end-March), and declining interest rates,” the group said...
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