IMF says South Africa should spell out land reform plans to remove uncertainty

South Africa's ruling African National Congress has said it plans to redistribute land without compensation to address racial inequalities that persist more than two decades after the end of apartheid. Government critics have expressed concern that those plans could infringe on property rights.

The IMF, which recently completed a mission to South Africa, added in its statement on Tuesday that the government's stated priorities of strengthening governance and promoting employment presented an opportunity to accelerate economic growth momentum.

The IMF currently forecasts that the South African economy will grow 1.5 percent this year.