IMF lifts South Africa's economic growth forecast amid ag growth
According to the fund, this is attributed to a boost in agricultural production and mining.
“We have upgraded the growth rate this year to 1.0 percent mainly because of two factors. One is the resumption of solid agricultural production following the drought. Production this year has been extremely good, especially for maize.”
The Washington based lender also urged reforms in South Africa’s labour market as well as state-owned companies.
source: africanews.com
