Africa, Real GDP YOY%
2016201720182019E2020E2021E
Africa, Real GDP YOY%3.24.73.933.25.1
Egypt1.74.85.55.66
Ghana4.68.77.46.35.95.1
Kenya5.64.765.85.86.5
Nigeria-2.31.21.82.832
South Africa0.91.611.71.91.8
Tanzania6.66.8
[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.