IMF Staff Country Reports

South Africa: Selected Economic Issues

Publication Date:

July 18, 1996

Summary:

This Selected Economic Issues paper examines economic development in South Africa during 1995–96. The paper highlights that in 1995, the economy of South Africa grew by 3.3 percent, the third consecutive year of economic growth, and it is expected to grow between 3½ and 4 percent in 1996. Some aspects of the unemployment problem are addressed in this paper. The paper also focuses on the implications for policy of the steps taken in 1994 and 1995 to establish an outward-oriented economy, after many years of effective autarky.

Series:

Country Report No. 1996/064

Subject:

Economic sectors Environment Imports International trade Mining sector National accounts Non-renewable resources Private savings Tariffs Taxes