South Africa: Selected Economic Issues

International Monetary Fund

No 1995/021, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Economic Issues paper examines economic developments in South Africa during 1993–94. After a cumulative fall of 3.5 percent between 1989 and 1992, GDP at market prices grew by 1.1 percent in 1993. The major contribution to growth came from the turnaround in the inventory cycle, with positive investment in inventories recorded for the first time since 1989. Private consumption expenditure remained subdued in 1993, rising by only 0.5 percent; by contrast, public consumption grew by 1.8 percent in 1993.

Keywords: ISCR; CR; tax rate; firm; shareholder; wage rate; IC wage agreement; minority shareholder; shareholder power; estimated tax; net saving-creating effect; saving trend; pension system; Marginal effective tax rate; Average effective tax rate; Wages; Credit; Labor taxes; Africa (search for similar items in EconPapers)
Pages: 189
Date: 1995-03-01
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