Unpacking South Africa’s structural growth problem

There’s growing optimism that South Africa’s economy is set for a period of faster growth under the Government of National Unity (GNU). And we think a combination of lower interest rates and higher consumer spending will help to lift demand in the near term. But South Africa’s economy has also long been constrained by a complex web of supply-side problems affecting competitiveness, investment levels and human capital accumulation. The GNU will have its work cut out addressing these.