IMF concerned about SA’s state of economy

GUEST – Max Alier, IMF Resident Representative in South Africa<br /> <br /> The International Monetary Fund (IMF) has concluded its Article IV assessment on South Africa, warning that the country faces near-zero economic growth in 2023, and conditions are likely to deteriorate further without much-needed reforms. The IMF noted in its assessment that South Africa’s economy faces mounting economic and social challenges.<br /> <br /> Growth moderated from 4.9% in 2021 to 2.0% in 2022 as the country was buffeted by Russia’s war in Ukraine, global monetary policy tightening, severe floods, and an unprecedented energy crisis. <a href="http://www.kayafm.co.za/">Kaya FM </a>