South Africa’s BER predicts 1.5% economic growth in 2025
As South Africa steps into a new political era with the Government of National Unity, and the world reflects on the outcomes of the Trump administration, economic strategy has never felt more complex or more critical. Joining CNBC Africa for more is Lisette Ijssel de Schepper, Chief Economist at the Bureau for Economic Research,
Tue, 06 May 2025 10:52:40 GMT
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AI Generated Summary
- The South African economy faces challenges from global uncertainties and slow progress on structural reforms, impacting growth forecasts.
- While risks persist, there are opportunities for South Africa to diversify trade relationships and capitalize on global shifts.
- Strong leadership, policy clarity, and improved investor sentiment are crucial for driving economic growth amidst the current complexities.
As South Africa steps into a new political era with the Government of National Unity, and the world reflects on the outcomes of the Trump administration, economic strategy has never felt more complex or critical. Lisette Ijssel de Schepper, Chief Economist at the Bureau for Economic Research, joined CNBC Africa to discuss how South Africa is positioned in the shifting global and domestic landscape. De Schepper highlighted the challenges facing the South African economy, including the impact of global uncertainties and local constraints. She emphasized the importance of addressing structural reforms and improving leadership to unlock economic potential. Amidst the risks, she also identified potential opportunities for the country to diversify trade relationships and capitalize on emerging global shifts. However, the path forward remains uncertain, with lingering questions about policy clarity and investor sentiment. Amidst these challenges, De Schepper underscored the need for strong leadership and strategic decision-making to navigate the complexities of the current economic environment and drive sustainable growth.
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