This Survey was prepared in the Economics Department by Geoff Barnard and Fabrice Murtin under the supervision of Andreas Wörgötter. The draft has benefited from valuable background research by Yaseen Jhaveri, seconded from the South African National Treasury. Research assistance was provided by Corinne Chanteloup and secretarial assistance by Josiane Gutierrez and Pascal Halim. The Survey also benefited from valuable background research by Nicola Branson and Murray Leibbrandt from SALDRU at the University of Cape Town, and by George Frempong, Dean Janse van Rensburg, Vijay Reddy and Lolita Winnaar from the Human Sciences Research Council.The Economic Survey of South Africa was discussed by the Economic Development and Review Committee on 17 December 2012, with active participation of representatives of the South African government .This Survey is published under the responsibility of the Secretary-General of the OECD.The previous Economic Survey of South Africa was issued in July 2010.