MIL-OSI Economics: South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subdued

Source: African Development Bank Group
South Africa’s GDP growth declined to 0.6% in 2024 from 0.7% in 2023, underscoring the need for critical action and strategic reforms to unlock the country’s vast capital resources and accelerate economic growth, the African Development Bank emphasized in its Country Focus report launched on Wednesday.