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Africa|Energy|generation|Logistics|transport
Africa|Energy|generation|Logistics|transport
africa|energy|generation|logistics|transport

Aiming for 3% growth

28th February 2025

     

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South Africa’s key focus areas for 2025 include energy, transport and logistics, youth unemployment as well as crime and corruption, according to president Cyril Ramaphosa.

These sectors, he said in his state of the nation address in February, have the potential to lift the county’s economic growth to above 3%, helping to create jobs and lift people out of poverty.

The government has set a target to grow GDP by 3%, a level not achieved in recent years. While challenges like energy shortages and inefficiencies in transport and logistics continue to affect economic progress, the outlook for 2025 is more positive.

In 2023, growth was just 0.7%, and the International Monetary Fund has projected a modest 0.8% for 2024. Growth for 2025 is expected to pick up to 1.5%, driven by improvements in electricity generation, relaxed monetary policies and renewed investor and consumer confidence after the 2024 national election.

— February 25, 2025

Edited by Creamer Media Reporter

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