{"id":52670,"date":"2023-08-15T22:11:13","date_gmt":"2023-08-15T22:11:13","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed"},"modified":"2023-08-16T00:00:44","modified_gmt":"2023-08-16T00:00:44","slug":"imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed","title":{"rendered":"IMF says SA could grow by 3% if Eskom, Transnet are fixed"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>South Africa could dramatically boost economic growth if the country fixed its fraying transport network and public electricity utility, the International Monetary Fund said.<\/p>\n

\u201cIf all the structural things are tackled, we believe growth can go up to 2.5% to 3%,\u201d Max Alier, the IMF\u2019s resident representative to South Africa, told a Bloomberg event in Johannesburg on Tuesday.<\/p>\n

South Africa 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 Holdings SOC Ltd. and rail and port bottlenecks take their toll.<\/p>\n

Read More: How South Africa\u2019s Blackouts Went From Bad to Worse<\/p>\n

The country\u2019 central bank estimates that power cuts \u2013 known locally as loadshedding \u2014 alone shaved 3.2 percentage points from gross domestic product last year and will likely cut another two percentage points off growth in 2023.<\/p>\n

Steps to improve the power situation \u2013 including relaxing restrictions on private power generation \u2013 could see growth next year advance to 1.7%, IMF forecasts show.<\/p>\n

Given the public finance restraints faced by South Africa, Alier said the goal should be to remove obstacles to mobilize private sector capital.<\/p>\n

\u201cThe public sector has very limited fiscal space to provide the needed resources,\u201d he said. \u201cYou need to create the conditions for the private sector to be willing to put the investments in.\u201d<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. South Africa could dramatically boost economic growth if the country fixed its fraying transport network and public electricity utility, the International Monetary Fund said. \u201cIf all the structural things are tackled, we believe growth can go up to 2.5% to 3%,\u201d Max Alier, the IMF\u2019s resident representative to South Africa, told a […]<\/p>\n","protected":false},"author":84,"featured_media":52669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,127,2385,275,1058],"class_list":["post-52670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-eskom","tag-imf","tag-south-africa-2","tag-transnet"],"yoast_head":"\nIMF says SA could grow by 3% if Eskom, Transnet are fixed - South Africa<\/title>\n<meta name=\"description\" content=\"South Africa could dramatically boost economic growth if the country fixed its fraying transport network and public elec ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF says SA could grow by 3% if Eskom, Transnet are fixed\" \/>\n<meta property=\"og:description\" content=\"South Africa could dramatically boost economic growth if the country fixed its fraying transport network and public elec ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-15T22:11:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-16T00:00:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/08\/sm_1692127571.816734.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF says SA could grow by 3% if Eskom, Transnet are fixed\",\"datePublished\":\"2023-08-15T22:11:13+00:00\",\"dateModified\":\"2023-08-16T00:00:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed\"},\"wordCount\":241,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/08\/sm_1692127571.816734.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"Eskom\",\"imf\",\"South-Africa\",\"transnet\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/imf-says-sa-could-grow-by-3-if-eskom-transnet-are-fixed\",\"name\":\"IMF says SA could grow by 3% if Eskom, Transnet are fixed - 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