The International Monetary Fund (IMF), after visiting South Africa, has warned that South Africa needs to pick up the pace of economic reforms. There was hope after Ramaphosa took over from Zuma and hope that there would have been improved governance. However the IMF report says that, that optimism has dissipated. The report looks at the catastrophe of state owned entities and in particular the mess at Eskom. Watch the video report below.
The report has four specific recommendations and covers the government corruption, unemployment, the government’s position on land reform. The IMF is also not a fan of expropriation without compensation and believes in security of property rights as well as free market capitalism.
South Africa Today – South Africa News
