Aug 17

IMF recommends revamp of SA’s transport and electricity infrastructure

The International Monetary Fund says South Africa could dramatically boost economic growth if the country fixed its fraying transport network and public electricity utility. The country grew 1.9% last year and activity will slip to just 0.3% in 2023, according to economists polled by Bloomberg, as electricity outages at troubled state utility Eskom and rail and port bottlenecks take their toll.