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

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
City responds to 'selective' beach clean-up claims

City responds to 'selective' beach clean-up claims

CapeTalk listeners ask why officials only clean up certain beaches and leave out others?

As recession bites, residents ask MyCiti for student discounts

As recession bites, residents ask MyCiti for student discounts

Mayco member for Transport Brett Herron responds to pleas for the city to consider giving student discounts.

Cape Town gets R20.8million for drought relief

Cape Town gets R20.8million for drought relief

Executive Mayor Patricia de Lille says the money will be used for drilling boreholes and installing pumps.

BLSA pledges to invest in communities, root out corruption

BLSA pledges to invest in communities, root out corruption

Business Leadership South Africa's CEO says it is concerning that the economy of SA is benefiting the Zuma and Gupta families.

South Africa’s government is running out of money – IRR

South Africa’s government is running out of money – IRR

SA is heading for a fiscal cliff. We've got options, but time is running out, says Frans Cronjé (Institute of Race Relations).

Does cable theft equal economic sabotage?

Does cable theft equal economic sabotage?

Cable theft is a growing problem across Gauteng, how is it affecting the province's economy?

Popular articles
NSRI has freed False Bay whale entangled in ropes

NSRI has freed False Bay whale entangled in ropes

NSRI has manged to free a southern right whale entangled in ropes in Fish Hoek, False Bay.

Local desalination company says no to small-scale tender

Local desalination company says no to small-scale tender

Tom Callaghan at Grahamtek says desalination tender is not viable for business but will bid for the large-scale land based plant.

Snakes on a plein: Drought to push snakes closer to properties

Snakes on a plein: Drought to push snakes closer to properties

Snake catcher Shaun McCleod says about 99% of snakes in the WC are just looking for food.

Vodacom to reimburse customers by end of the morning

Vodacom to reimburse customers by end of the morning

Spokesperson Byron Kennedy says the problem was a configuration change on their billing system.

5 reasons why South Africa granted Grace Mugabe diplomatic immunity

5 reasons why South Africa granted Grace Mugabe diplomatic immunity

 Simon Allison, Africa Editor at the Mail & Guardian explains the political considerations behind Mugabe's diplomatic immunity.

"ANN7 and  New Age sale is effectively a transaction between  Manyi and Guptas"

"ANN7 and New Age sale is effectively a transaction between Manyi and Guptas"

Phillip de Wet, Associate Editor at Mail & Guardian breaks down the sale of Gupta owned ANN7 TV Station and The New Age paper.

This is incredibly embarrassing for both countries - SAIIA Head of Governance

This is incredibly embarrassing for both countries - SAIIA Head of Governance

On Saturday international relations minister Maite Nkoane-Mashabane granted diplomatic immunity to Grace Mugabe.

Meet Bonang Mohale, BLSA's outspoken (‘don’t blame colonialism’) Chairperson

Meet Bonang Mohale, BLSA's outspoken (‘don’t blame colonialism’) Chairperson

The Money Show’s Bruce Whitfield interviews Business Leadership South Africa’s Mohale for his weekly “ShapeShifter” feature.