The economy is shrinking

That number [contraction in mining] does not shock at all.

Lumkile Mondi

The economy shrunk by 1.2% in the first quarter of 2016, according to Statistics South Africa.

The Money Show’s Bruce Whitfield interviewed Lumkile Mondi, Senior Lecturer at the School of Economics and Business Science of the University of the Witwatersrand.

Scroll down for quotes from the audio below.

The mining sector remains a huge problem.

Lumkile Mondi

The mining sector is still a very big exporting sector for us.

Lumkile Mondi

In December South Africans stood up and said, ‘We’re not going to take this nonsense!’

Lumkile Mondi

We have robust institutions!

Lumkile Mondi

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This article first appeared on 702 : The economy is shrinking


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