The World Bank has revised its economic growth forecast for South Africa, increasing its 2025 projection from 1.6% to 1.8% due to improvements in the country’s energy and logistics sectors.
These gains stem from structural reforms initiated by the government, according to the South Africa Economic Update report released on Tuesday.
The bank also expects Gross Domestic Group (GDP) growth to reach 2.0% by 2027, an upward revision of 0.4 points.