Africa, Real GDP YOY%
201720182021E
Africa, Real GDP YOY%4.73.95.1
Egypt4.85.46
Ghana8.76.85.1
Kenya4.75.96.5
Nigeria1.22.42
South Africa1.61.11.8
Tanzania6.8-2.3
N/A
[Negative] Teg: South Africa

In spite of installation of Cyril Ramaphosa as the new president and following increasing confidence from the international community and investors, I don't have positive outlook for the South African economy. Tighter fiscal policy and a rise of taxes to keep debt under control and prevent additional credit downgrades, will impede efforts to boost growth. Also structural constraints such as skills shortages and inefficient state-owned companies will continue to weaken economic activity, as well as negative external balance will affect the economic growth in the mid-term.