South African Budget Must Deliver Reforms, Says Goldman's Coleman

The video discusses the economic conditions needed to prevent a downgrade by Moodys, focusing on credible structural reforms. It reviews South Africa's past economic underperformance and forecasts a GDP growth rate of 2.3% for 2018, driven by global disinflationary pressures and renewed political confidence. The goal is to achieve a normative 3% growth rate in the long term.

What factors are contributing to renewed political confidence in South Africa?

What is the normative growth rate that South Africa should be achieving?