The International Monetary Fund (IMF) says growth in South Africa will reach 1.2% this year.
For 2024, the organisation believes that economic growth will be marginally higher, at 1.3%.
This contrasts with the forecast of the South African Reserve Bank, which last week said growth would only be 0.3% this year.
The IMF said that South African economic growth would be constrained by ‘weaker external demand, power shortages, and structural constraints’.
Global economic growth will be just below 3% for this year, the IMF said.