3 The unemployment challenge was emphasized by Mr David Lipton, First Deputy Managing Director of the IMF, in Johannesburg last week. In his speech he pointed to the limited progress on reforms to remedy the unemployment situation and recommended a fresh and energetic review of South Africa’s policies, followed by action. 4  3  SARB Quarterly Bulletin, June 2016. 4  David Lipton.
2016. “Bridging South Africa’s Economic Divide” Lecture given at the University of Witwatersrand. July 19. BIS central bankers’ speeches  3  Although the negative growth in the first quarter of this year is anticipated to have been the low point of the cycle, the recovery is expected to be weak.