IMF expects SA's economy to grow by 0.9%

The International Monetary Fund has published its 2024 World Economic Outlook, taking its GDP growth projections for South Africa this year even lower to just 0.9%. Projections for 2025 have also been reduced to 1.2%. South Africa has been suffering from multiple crises around power and water supply and logistics. The power supply issue has improved and load shedding has been suspended for an extended period. Various companies are cutting back output forecasts due to the logistics nightmare caused by Transnet and its failing infrastructure. While the outlook for South Africa is gloomy, the global economy is expected to fare much better. Is South Africa heading in the right direction in addressing some of its major challenges? To answer that question is the CEO of Business Leadership South Africa, Busi Mavuso. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.