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This Technical Assistance report lists key issues discussed between the IMF's Fiscal Affairs Department (FAD) and the Davis Tax Committee regarding recommendations for tax reforms in the oil and gas sector in South Africa. It is suggested that the royalty should have a single flat rate, rather...
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This 2017 Article IV Consultation highlights that South Africa's vulnerabilities have become more pronounced and are set to increase further unless economic growth revives. Following near-standstill in economic activity in 2016, growth is projected to increase to 1.0 percent in 2017 and 1.2...
Persistent link: https://www.econbiz.de/10011698040
Reflecting slow progress on reforms, weakened governance, and elevated policy uncertainty, growth remains subdued. With the economy unable to create enough jobs, the quest for inclusive growth has been elusive, making South Africa one of the most unequal societies. Growing government spending...
Persistent link: https://www.econbiz.de/10011919820
This Selected Issues paper analyzes impact of debt on growth in South Africa. A permanent increase of four percentage points of gross domestic product (GDP) in national government expenditure underlies the doubling of public debt in the last decade. The wage bill accounted for most of the...
Persistent link: https://www.econbiz.de/10011919827
South Africa has made considerable economic and social strides since 1994, but faces significant challenges. Deep-rooted structural problems-infrastructure bottlenecks, skill mismatches, and harmful insider-outsider dynamics-have kept unemployment and inequality unacceptably high. Also, a...
Persistent link: https://www.econbiz.de/10011675664
This paper describes South Africa's economic development and challenges. South Africa has made considerable economic and social progress over the past two decades, but faces substantial challenges. Global transitions-China's slowdown and rebalancing, weak commodity prices, and U.S. monetary...
Persistent link: https://www.econbiz.de/10011675666