World Bank says confidence not enough to lift South Africa’s growth prospects

The World Bank expects South Africa's growth to pick up modestly in 2019 to 1.3% on the back of several “promising” policy announcements made by President Cyril Ramaphosa’s administration in 2018. It expects the economy to expand by 1.7% in 2020. Nevertheless, the bank believes that the country’s growth potential remains trapped at below 2% as a result of several “deep structural constraints”, including inadequate infrastructure and serious human-capital backlogs.