IMF Chief on taking up South African challenge

In a recent interview with CNBC Africa, Tidiane Kinda, the new Senior Resident Representative for South Africa at the International Monetary Fund, shared his insights on the country's economic challenges and opportunities. Kinda, who previously worked in Asia and has experience in various economic sectors, highlighted the potential for economic reforms and growth in South Africa. He emphasized the need for structural reforms in key sectors such as energy and logistics, along with improvements in the business environment and fiscal consolidation. Kinda also discussed the importance of implementing a fiscal rule anchored in debt to address the country's high debt levels. He expressed optimism for South Africa's economic outlook, citing factors such as improved electricity production, interest rate cuts, and ongoing structural reforms. Looking ahead to 2025, Kinda projected a growth rate of 1.5%, with further growth expected in the subsequent years. Overall, the interview provided valuable insights into South Africa's economic landscape and the potential paths for sustainable growth and development.