SABC News - IMF raises SA growth forecast :Friday 19 May 2017

IMF raises SA growth forecast

Friday 19 May 2017 08:20

SABC

The move comes after recoveries in the agriculture and mining sectors.(SABC)

The International Monetary Fund (IMF) has raised South Africa's growth forecast for this year.

The move comes after recoveries in the agriculture and mining sectors.

However, the fund says perceptions of policy uncertainty pose a downside risk.

It expects South Africa's economy to grow by 1% this year, more than an earlier projection of 0.8%.

Speaking on AM Live, Economist George Glynnis says South Africa still has a lot to offer, but it must get what he terms its political house in order.

“Sort out this political noise that is going on in the background with corruption and graft and get rid of the state capture once and for all. Make South Africa a business friendly jurisdiction that people can have confidence in. South Africa still has the ability to do so much right. We do have a tremendous resource base which we can still leverage off.”

Listen to full interview below:

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