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IMF cuts SA growth projection, adding to economic turmoil

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Harare - South Africa should urgently reform state-owned enterprises, reduce policy uncertainty and speed up reforms, the International Monetary Fund (IMF) said on Thursday, noting however that there has been “progress” in dialogue between the government, labour and business.

The IMF has cut its economic growth projection for SA – now the continent’s third-largest economy – to 0.1%, fresh evidence of the economic turmoil that the country faces.

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