South Africa

South Africa Economic Outlook

  • Annual growth in GDP fell to 1.5% in 2014, but is expected to rebound to 2.0% in 2015, as the large rand depreciation may stimulate an export-led recovery and the global economy gradually improves.
  • The macroeconomic policy framework is expected to remain unchanged, as the governing African National Congress (ANC) won 62% of the vote in the country’s fifth national elections held in May 2014.
  • South Africa has designed significant policies of spatial development at the local, regional and national levels, including development corridors, improvements in service delivery and decentralisation policies; but implementation has been slow and unequal across regions.

Contacts

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Kennedy Mbekeani, Officer-in-Charge