Is South Africa in a recession? Consider, for example, new car sales...

New vehicle sales shrank by 13.3% (year-on-year) to 34 956 units in April.

What does this say about the state of Africa’s most developed economy?

The Money Show’s Bruce Whitfield interviewed ETM Analytics Economist George Glynos.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

I don’t think we’re quite there [recession] yet.

George Glynos, ETM Analytics

Car sales are a leading indicator [of economic activity].

George Glynos, ETM Analytics

This speaks to a very, very weak economy.

George Glynos, ETM Analytics

This is what happens when sentiment hits a low.

George Glynos, ETM Analytics

We were looking for an improvement, then we had the cabinet reshuffle…

George Glynos, ETM Analytics

My ‘radical’ [economic transformation] will look like the polar opposite of what we’ve had so far.

George Glynos, ETM Analytics

We need to get rid of parastatals that are chewing up the budget.

George Glynos, ETM Analytics

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : Is South Africa in a recession? Consider, for example, new car sales...


Recommended

by THE NEWSROOM
Read More
‘Lifestyle audits’ for all politicians to be the norm, promises Ramaphosa

‘Lifestyle audits’ for all politicians to be the norm, promises Ramaphosa

What is a “lifestyle audit”? The Money Show’s Bruce Whitfield interviewed ENS Africa Director in Forensics Steven Powell.

Hyundai Creta has the best ad ever! Mitsubishi ASX? Not so much…

Hyundai Creta has the best ad ever! Mitsubishi ASX? Not so much…

Advertising expert Andy Rice loves the Hyundai Creta ad, but hates the one for the Mitsubishi ASX.

Discovery profits skyrocket. Sets rough launch date for its new retail bank

Discovery profits skyrocket. Sets rough launch date for its new retail bank

The Money Show’s Bruce Whitfield interviews Discovery Limited Group CEO Adrian Gore.

'Treasury may introduce VAT on fuel, a big money-spinner'

'Treasury may introduce VAT on fuel, a big money-spinner'

The Money Show’s Bruce Whitfield interviews Old Mutual Multi-Managers Chief Investment Strategist Dave Mohr.

400 000 tons of perfectly good glass goes into landfills each year in SA

400 000 tons of perfectly good glass goes into landfills each year in SA

The Money Show’s Bruce Whitfield interviews The Glass Recycling Company CEO Shabeer Jhetam.

Euphonik (one of South Africa's top DJs) opens up about money

Euphonik (one of South Africa's top DJs) opens up about money

Bruce Whitfield talks to Euphonik (aka Themba Nkosi) about his attitude to money (hopes and fears, successes and failures, etc.)

Popular articles
SABC was wrong to publicly rebuke Peter Ndoro - Stephen Grootes

SABC was wrong to publicly rebuke Peter Ndoro - Stephen Grootes

Ndoro has received much support from his media colleagues and the public after being put on leave following an on-air error.

[LISTEN] Zuma was outstanding leader in early days: Justice Albie Sachs

[LISTEN] Zuma was outstanding leader in early days: Justice Albie Sachs

Former Constitutional Court judge Justice Albie Sachs remembers President Zuma's struggle days.

LISTEN: Cancer sufferer tells of experience with insurance giant

LISTEN: Cancer sufferer tells of experience with insurance giant

Suren Narismulu, Liberty Life customer chats to Kieno Kammies about his dreadful experience with the insurance company.

Political desk: Who will be South Africa's deputy president?

Political desk: Who will be South Africa's deputy president?

With Cyril Ramaphosa ascending to the Presidency, speculations are rife on who will be appointed deputy president.