IMF trims SA growth forecast on policy uncertainty

The logo of the International Monetary Fund is seen at the IMF headquarters in Washington, DC. Picture: JIM WATSON / AFP

This follows a warning from S&P Global Ratings that SA’s growth remained too low for a ratings upgrade. "The new administration can push growth past the 1.6% mark [but] growth is still not going beyond 2%. The economy has not grown more than 2% annually since 2013 and is struggling to gain momentum despite political changes and Ramaphosa’s efforts to implement policy reforms to boost economic growth and lure investment into the country.

"What makes our job easier is when the government can explain what it is doing to boost economic growth. That’s why we started with a constructive view.

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