South Africa's at risk unless it rapidly reforms economy - IMF

November 25, 2019 - Johannesburg, South Africa, Africa - South Africa faces a prolonged period of weak economic growth marked by rising unemployment, inequality and greater credit-rating risk if the government does not act fast to implement reforms, the International Monetary Fund (IMF) said today. Africa's most industrialised economy has seen growth slow to a trickle over the last decade, while government borrowing has climbed rapidly to plug a widening budget deficit and fund bailouts of state firms plagued by mismanagement.