Economist paints bleak picture of SA's future

Recent events in the finance cluster and the general political climate have most people thinking about what the future holds for South Africa.

Cape Talk's John Webb, standing in for Kieno Kammies, on Friday spoke to economist Dawie Roodt about the country's current economic status and what how citizens will be affected.

Listen to the interview below:

The minister of finance is the biggest role-player in the economy... The South African economy is also very sophisticated, the amount of money the minister spends is about R1.6 trillion.

Dawie Roodt, economist

Now we are in a very difficult position. We need to spend money on infrastructure and it's getting hard back on social expenditure. The economy is weak.

Dawie Roodt, economist

The economy will grow slower, chances that you'll lose your job will be higher, your wage increases will be less, food prices will go up. All those nasty little things will become a reality.

Dawie Roodt, economist

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by NEWSROOM AI

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