How to fix South Africa’s economy (by FT’s Chief Economics Commentator)

The Money Show’s Bruce Whitfield interviewed Martin Wolf, Chief Economics Commentator at the Financial Times, London.

Wolf wrote a column in the Financial Times about his concerns for South Africa’s economy and possible approaches to fix it.

Scroll down for quotes from the audio below.

Populist politics seem inevitable in this environment. Their solution is to expropriate wealth, but it will further damage everybody.

Martin Wolf

The choices politicians make are deeply connected to what is happening in the economy.

Martin Wolf

Government can’t go on borrowing. But it also has to find a way to grow the economy and employment in a way that looks fairer.

Martin Wolf

Government has to tax the old economy to support the creation of a new economy around the old one.

Martin Wolf

The only answer to populist politics is growth orientated politics.

Martin Wolf

It doesn’t appear that the current Government is capable of addressing South Africa’s challenges.

Martin Wolf

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : How to fix South Africa’s economy (by FT’s Chief Economics Commentator)


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'We gave away 800 refurbished suits for people going to an interview'

'We gave away 800 refurbished suits for people going to an interview'

The Money Show’s Bruce Whitfield interviews four reps from businesses that are sacrificing some profit for the good of society.

EOH fell by 55% (while we were watching Steinhoff). Here’s why…

EOH fell by 55% (while we were watching Steinhoff). Here’s why…

What’s behind the stunning fall of the EOH share price? Bruce Whitfield interviews Traders Corner share trader Garth Mckenzie.

5 lessons Mexico can teach South Africa about reviving manufacturing

5 lessons Mexico can teach South Africa about reviving manufacturing

The rise of Mexico seems unstoppable. The same can happen in South Africa, says Dr Lyal White (Gibs).

An emerging markets economist discusses the barely growing South African economy

An emerging markets economist discusses the barely growing South African economy

The economy grew by 0.7% in the third quarter of 2015. Bruce Whitfield interviews EM economist Peter Attard Montalto.

Big five growth opportunities to help boost South Africa's economy

Big five growth opportunities to help boost South Africa's economy

The McKinsey Global Institute released a set of five precepts which could lift South Africa's GDP by 2030.

5 things that are driving (and hindering) economic growth in South Africa

5 things that are driving (and hindering) economic growth in South Africa

Why is our economy barely growing and how do we get it going? We spoke to ETM Analytics Chief Economist George Glynnos.

Popular articles
[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

Head of the Centre for Enteric Diseases at the NICD Dr Thomas says that Listeriosis is problematic because it isn’t notifiable.

Publisher saves South African students billions with free textbooks

Publisher saves South African students billions with free textbooks

This year we're going to hit a million downloads of free textbooks in SA - James van der Westhuizen, country manager for Bookboon.

Steinhoff money woes and why you should care

Steinhoff money woes and why you should care

The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.

Zille: 40 000 affordable housing units in the pipeline for WC

Zille: 40 000 affordable housing units in the pipeline for WC

Western Cape Premier Helen Zille says the government plays a crucial role in the provision of affordable housing in the province.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.