'Imagine what we can do if we get our act just half in order?'

This still only puts us at a year-on-year growth rate of 0.6%

Geoff Blount

We’re more resilient that we give ourselves credit for... Imagine what we can do if we get our act just half in order?

Geoff Blount

The South African economy grew by 3.3% (quarter-on-quarter) in Q2/2016.

The Money Show’s Bruce Whitfield interviewed Geoff Blount, Managing Director at BayHill Capital.

Scroll down for more quotes from the audio below.

In the first quarter mining shrank by 18%. So this growth rate is largely due to base effects.

Geoff Blount

The weak rand is, finally, helping exporters.

Geoff Blount

Government consumption is lower than we’ve seen in the past. The massive gravy train seems to have slowed, a bit.

Geoff Blount

We’re investing less for the future; reducing our overall capability to grow.

Geoff Blount

Growth will muddle back to 1%, if we’re lucky.

Geoff Blount

As soon as this economy shows signs of life the Reserve Bank is likely to put the brakes on.

Geoff Blount

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Article brought to us by Old Mutual.


This article first appeared on 702 : 'Imagine what we can do if we get our act just half in order?'


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