JOHANNESBURG - The International Monetary Fund has issued a stark warning to South Africa.
It says public debt remains too high and the slow pace of reform is holding back economic progress.
The IMF has completed its annual assessment ahead of the 2026 budget.
It praised recent growth and inflation progress, but stressed that debt, at around 77 percent of GDP, continues to rise.
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The Fund urged faster policy reforms and more efficient spending to protect fiscal stability and boost growth.
It also highlighted risks from global uncertainty and domestic reform fatigue.
Without swift action, the IMF warns South Africa’s fragile recovery could be undermined.
It's calling for credible fiscal consolidation to safeguard the economy’s future.