South Africa’s real GDP growth rate will rise to 1.6% next year!

South Africa’s gradual structural reforms are helping to revive parts of the economy but remain insufficient to lift growth to the government’s 3.5% target, according to Moody’s Ratings.

According to the institution’s prediction, South Africa’s real GDP growth rate is 1% this year and will rise to 1.6% next year. Advancing reforms in the logistics sector will be the key to unlocking economic potential.

Source: Business Insider Africa