Rather, we want to get to a position of capital account strength, in which South Africa attracts investment because it has good growth prospects and because it provides an institutional environment that gives investors security and predictability. Page 5 of 8  The challenge of stalled growth South Africa’s economy is likely to grow by just 0.7% this year.
Earlier in the year, we expected growth to be meaningfully stronger. The SARB’s March forecast was for 1.7% growth, and the MPC’s assessment was that the risks to this forecast were to the upside. In the short term, those hopes have been disappointed.