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June 26, 2017
July 1, 2016
December 3, 2014
July 31, 2013
August 1, 2012

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Financial Sector Assessment Program

Projected % Change
   2017  2018
Real GDP 1.0 1.2
Source: World Economic Outlook Update (July 2017)

South Africa: Financial Position in the Fund

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IMF Resident Representative for
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South Africa and the IMF
Updated September 11, 2017

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IMF Survey Online
October 09, 2016 -- Emerging Markets Well Prepared for Fed Rate Increase, Say Central Bankers During IMF Panel Discussion
July 07, 2016 -- IMF Survey : South Africa: Latest Outlook Shows Urgent Need for Policy Reforms
South Africa faces significant challenges and needs decisive action to revive growth, the IMF said in its latest annual assessment of the country’s economy.
September 10, 2015 -- Podcast : Sub-Saharan Africa Getting a Grip on Inflation
Inflation can determine a currency’s purchasing power as high inflation means rising prices. But what drives inflation differs from region to region. In this podcast we talk with Oral Williams, IMF Mission Chief for Malawi and coauthor of a new research paper that shows the drivers of inflation are changing in sub-Saharan Africa.
February 04, 2015 -- IMF Survey : Pan-African Banks Expansion Could Boost Systemic Risks
Rapid expansion of cross-border banking in Africa in recent years poses oversight challenges that, if unaddressed, may increase systemic risks, IMF staff say. A recent report adds that pan-African banks are now more important than the continent’s long-established European and American banks.
December 11, 2014 -- IMF Survey : South Africa Strives to Revive Growth, Cut Exposure to Risks
South Africa can celebrate significant progress in its first 20 years of democracy, but faces the challenge of reviving a weak economy and addressing elevated vulnerabilities, the IMF says in its regular review of the country’s economy.
December 11, 2014 -- Podcast : South Africa’s Economic Challenges
South Africa can celebrate significant progress in its first 20 years of democracy, but faces the challenge of reviving a weak economy. Addressing structural constraints such as electricity shortages are key to increasing growth.
October 01, 2013 -- IMF Survey : South Africa Searches for Faster Growth, More Jobs
South Africa faces low growth, widespread unemployment, and a high reliance on foreign capital inflows. In its regular review of Africa’s largest economy, the IMF urges structural reforms to boost growth and create jobs for a growing population.
October 01, 2013 -- Podcast : South Africa: The battle for jobs, growth and equality
Despite its many achievements since the transition to majority rule, South Africa struggles with low growth, widespread unemployment, and sharp social tensions.  The IMF says Africa’s largest economy needs to pursue structural reforms to boost growth and create jobs for a growing population.
October 25, 2012 -- IMF Survey: Africa's Big Economies Can Influence, Protect Their Neighbors
Nigeria and South Africa account for one-half of sub-Saharan Africa’s GDP, and are potentially major drivers of growth for the region as a whole. In an interview, senior economist Cheikh Gueye examines Nigeria’s and South Africa’s economic linkages with the rest of the region.
October 12, 2012 -- IMF Survey: Sub-Saharan Africa Maintains Growth in an Uncertain World
Sub-Saharan Africa remains relatively insulated from the negative factors pulling down growth in advanced countries, but countries with closer trade links to Europe are experiencing some softening in exports, the IMF says in the main chapter of its Regional Economic Outlook for the region.
September 06, 2012 -- IMF Survey: Distress in Europe Slows South Africa's Economic Recovery
South Africa’s economic and financial policy frameworks have reliably delivered domestic and external stability. But, the IMF says in its regular assessment of the nation’s economy, the country needs to expand employment opportunities, secure better education and health outcomes, and build more efficient infrastructure.
January 10, 2012 -- IMF Survey: Odds in Africa's Favor as Continent Walks Economic Tightrope
The big question for sub-Saharan Africa in 2012 is whether the region can sustain its recent strong growth despite a stalling global economy. The odds seem in its favor. But the costs of a fall from its tightrope 2011 performance remain disconcertingly high.
January 25, 2011 -- IMF Survey: Sub-Saharan Africa's Recovery Maintains Momentum
In its World Economic Outlook Update, the IMF says most countries in sub-Saharan Africa have recovered quickly from the global financial crisis, with the region projected to grow 5½ percent in 2011. Low income countries are expected to match pre-crisis growth rates of about 6 ½ percent in 2011.
September 29, 2010 -- IMF Survey: Faster Growth to Boost Jobs Is South Africa's Priority
Economic activity in South Africa is rebounding, although the pace of recovery remains moderate, IMF economists say. Absent a major change in the external environment, the nation’s recovery should continue, the economists add in their regular review of Africa’s biggest economy.
March 04, 2010 -- IMF Survey: Private Sector Gains Ground in Africa
The growing role of the private sector in Africa has been credited by the head of the IMF's African Department for sustaining foreign investment during the recent global slump. In an interview, Antoinette Sayeh says Africa has demonstrated a new openness.
March 04, 2010 -- IMF Survey: Africa Faces Twin Challenges After Global Crisis
With world recovery under way, Africa faces the twin challenges of reviving strong growth and reinforcing resilience to the economic shocks that regularly batter the continent, IMF officials say, as the IMF's head embarks on a three-country visit to the region.
January 07, 2010 -- IMF Survey: All About Goals as Africa Shows Signs of Recovery
A successful soccer World Cup in South Africa later this year will be one of several goals in the sights of African countries. After being battered by world events last year, sub-Saharan Africa will be aiming at speedy economic recovery in 2010.
September 25, 2009 -- IMF Survey: Sound Policies Shield South Africa from Worst of Recession
Sound macroeconomic policies have helped cushion the impact of South Africa's first recession since 1992, the IMF says. In its regular assessment of South Africa's economy, the IMF stresses the importance of progress on structural reforms to remove long-standing barriers to growth and employment.
March 14, 2009 -- IMF Survey: G-20 Asks IMF to Track, Assess Global Crisis Response
Ministers from leading industrialized and emerging market economies in the G-20 ask the IMF to assess the policy responses taken so far by governments and central banks to combat the world economic crisis and back a substantial boost in the Fund’s lendable resources.