Nontando Mafanya
07 May 2016
the International Monetary Fund says in a statement
South Africa's economy could swing back to recovery in 2017, but cautions that
Africa's second largest economy would have to stave off expected further shocks
from China, heightened global financial instability and independent debt credit
rating downgrades.
An IMF team visited Cape Town, Pretoria and
Johannesburg in the past two weeks and met Finance Minister Pravin Gordhan,
South African Reserve Bank governor Lesetja Kganyago, Minister in the
Presidency for Planning, Performance, Monitoring, Evaluation and Administration
Jeff Radebe as well as labour federations and business leaders.
The mission also held discussions with Trade and
Industry Minister Rob Davies, Minister of Economic Development Ebrahim Patel,
Commissioner of the South African Revenue Service Tom Moyane as well as other
government officials during a visit that ended on Thursday.
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