The IMF yesterday increased its growth forecast for South Africa from 0.1% to 0.3% in 2023. The Reserve Bank published a forecast of 0.4% last week. I am glad that the growth rate may not be quite as low as feared, but there are serious questions about next year's growth rates and beyond. Recent manufacturing figures and investment data are worrying.
This episode is supported by the NWU Business School.
Errors and omissions are my own.
