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Hope for SA economy if government encourage growth through reform – IMF

The mission, led by Ana Lucía Coronel, who visited South Africa from 27 May to 3 June to discuss recent economic developments and outlook in the context of its regular surveillance activities, also said robust actions are needed to reduce the fiscal deficit and reverse the increase in public debt.  The IMF also advised that the South African government now has a renewed opportunity to press ahead with policies to further strengthen governance, encourage competition, increase labour market flexibility, and, more generally, reduce the cost of doing business.  According to Ms. Coronel statement “there is a sense of cautious optimism…

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