The International Monetary Fund, IMF, has said in its forecast that South Africa may topple Nigeria as Africa’s biggest economy.

According to the IMF World Economic Outlook, South Africa, the most industrialised country on the African continent, is striving towards achieving $401billion gross domestic product, GDP, in 2024

IMF further noted that South Africa was billed to top the chart for a year before it once again trailed Nigeria, the most populated African nation.

It said South Africa might further plummet to third place behind Egypt in 2026, according to the report, which was released last week.

Source: Vanguard