OECD economic surveys: South Africa

Type :
Country studies
Author :
OECD
Published :
2013
Link :

Annual country review with the following key findings:

South Africa is advancing, but failing to fully achieve its considerable potential, the macroeconomic policy mix has been insufficiently supportive of growth while allowing large budget deficits to persist, the interaction of weak competition in product markets and dysfunctional labour markets is holding back growth and aggravating unemployment, education is a critical problem, and, greater use of market instruments can help deal with long-term environmental challenges at least cost and with limited demands on scarce administrative capacity.