The International Monetary Fund released the materials for its 2025 Article IV consultation with South Africa, finding that the economy has remained resilient through renewed global turbulence in 2025 but continues to face long-standing constraints that limit job creation and growth potential. Resilience is attributed to ample natural endowments, independent institutions, and a strong monetary policy framework, while the external environment has been challenged by greater protectionism, fragmentation, and heightened policy uncertainty. The consultation points to entrenched structural rigidities, inadequate infrastructure, governance weaknesses, and rising public debt as continuing impediments, alongside focus areas that include expenditure, inflation and inflation targeting, monetary policy, prices, and public debt.

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