South Africa: Selected Economic Issues
March 1, 1995
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This Selected Economic Issues paper examines economic developments in South Africa during 1993–94. After a cumulative fall of 3.5 percent between 1989 and 1992, GDP at market prices grew by 1.1 percent in 1993. The major contribution to growth came from the turnaround in the inventory cycle, with positive investment in inventories recorded for the first time since 1989. Private consumption expenditure remained subdued in 1993, rising by only 0.5 percent; by contrast, public consumption grew by 1.8 percent in 1993.
Subject: Average effective tax rate, Credit, Labor, Labor taxes, Marginal effective tax rate, Money, Tax policy, Taxes, Wages
Keywords: Africa, Average effective tax rate, CR, Credit, estimated tax, firm, IC wage agreement, ISCR, Labor taxes, Marginal effective tax rate, minority shareholder, net saving-creating effect, pension system, saving trend, shareholder, shareholder power, tax rate, wage rate, Wages
Pages:
189
Volume:
1995
DOI:
Issue:
021
Series:
Country Report No. 1995/021
Stock No:
1ZAFEA0011995
ISBN:
9781451840919
ISSN:
1934-7685
Notes
This report on selected economic issues in South Africa was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
