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Vol 54 No 23

Published 15th November 2013


South Africa

Self-inflicted wounds

Many of South Africa’s difficulties are primarily internal, caused by policy paralysis and the governing African National Congress (ANC)’s intense disputes with its partners in organised labour. A sobering report from the International Monetary Fund last month points to slow growth in future and to little progress on unemployment and social inequality without tough structural reforms. Declining competitiveness, rigid labour markets and vulnerability to capital outflows are among the foremost problems.

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