'South Africa is not necessarily in a crisis'

South Africa is not necessarily in a crisis.

So said Alexander Forbes Investments Executive Chief Economist Lesiba Mothata on Monday.

His view is based on comparisons with South Africa’s economic peers such as Hungary and Brazil.

The Money Show’s Bruce Whitfield interviewed Mothata.

Mothata discussed the state of the economy in anticipation of Finance Minister Malusi Gigaba’s maiden Medium Term Budget Policy Statement (MTBPS).

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

The economy will struggle, but it will not implode.

Lesiba Mothata, Alexander Forbes Investments

Whatever is going on is not commensurate with the true South African resolve.

Lesiba Mothata, Alexander Forbes Investments

…that’s why foreigners continue to buy…

Lesiba Mothata, Alexander Forbes Investments

We do need to ensure we don’t create a Venezuela.

Lesiba Mothata, Alexander Forbes Investments

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This article first appeared on 702 : 'South Africa is not necessarily in a crisis'


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