South Africa: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa

Owing to its ample natural endowments, independent institutions, and strong monetary policy framework, South Africa’s economy has proven resilient to renewed global turbulence related to greater protectionism, fragmentation, and heightened policy uncertainty in 2025. However, long-standing impediments—entrenched structural rigidities, inadequate infrastructure, governance weaknesses, and rising public debt—continue to constrain the economy’s ability to create much needed jobs and achieve its true growth potential.