The IMF expects South Africa’s economy to expand 0.8 percent this year, down from a forecast of 1.5 percent in July and by 1.4 percent in 2019, down from a previous estimate of 1.7 percent.
With trade growth set to slow sharply amid a trade war between the United States and China, the IMF cut its outlook for global GDP by two-tenths to 3.7 percent for 2018 and 2019.
A European Union election observer mission urged Zimbabwe’s election agency to be more open about the printing and storage of ballot papers to enhance the credibility of a July 30 presidential and parliamentary vote.
The IMF said on Tuesday that the South African government should clearly articulate its land reform plans in order to lift uncertainty weighing on investor sentiment.
Egypt deployed security forces outside metro stations on Sunday, witnesses said, a day after more than 20 people were detained following rare protests.