The fund's directors warn of the risks from state owned enterprises, chiefly Eskom
Final report recommends fiscal consolidation coupled with 'decisive structural reform' to boost investment and growthThe IMF wants the government to get a handle on its spending, and overhaul embattled parastatals to reduce its debt. Such fiscal consolidation must be coupled with"decisive structural reform" to boost investment and growth.
These are the steps recommended by the IMF’s executive board to enable SA to deal with its low growth, rising debt and high poverty and unemployment rates.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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