'South African government needs to start thinking ahead to beat recession'

This week, South Africans were hit with the sad news that the country is in an economic recession.

Economic analyst Dwaine Van Vuuren says South Africa is the only country that is in a technical recession, which he says is very concerning.

Van Vuuren has done a study of the world's 44 largest economies tracked by the Organisation for Economic Co-operation and Development (OECD) and found that South Africa is at the very bottom of the list in terms of growth.

Read: Is there a plan to get the country out of the recession?

So this is not just a one-off, it is a consistent underperformance, which obviously is quite disappointing.

Dwaine Van Vuuren, Economic analyst

Van Vuuren says we have to start asking questions, whether are we planning ahead for these kind of situations such as when the country was hit by load shedding and drought.

This does not come upon you overnight, there's always a couple of warnings beforehand.

Dwaine Van Vuuren, Economic analyst

I think our administration needs to start realising in a modern economy like ours things like electricity, roads and dams - this stuff needs forward planning.

Dwaine Van Vuuren, Economic analyst

To hear the rest of the conversation with Dwaine Van Vuuren, listen below:


Recommended

by NEWSROOM AI
Read More
How to keep your wealth from waning during a recession

How to keep your wealth from waning during a recession

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Is there a plan to get the country out of the recession?

Is there a plan to get the country out of the recession?

Daniel Silke says there isn't any clarity coming from the ruling party in terms of how the country can get out of the recession.

How to cope with a recession (knowing these 5 things may help)

How to cope with a recession (knowing these 5 things may help)

The Money Show’s Bruce Whitfield interviews Cannon Asset Managers CEO Dr Adrian Saville.

[LISTEN] 'Small business owners may feel the pinch of this recession'

[LISTEN] 'Small business owners may feel the pinch of this recession'

Founder of Business Process Mechanics Marang Marekimane shares ways you can stay afloat if you've just started a small business.

SA in technical recession as second quarter GDP falls

SA in technical recession as second quarter GDP falls

Economic Development Minister Ebrahim Patel says most of the decline was due to a significant drop in agricultural output.

Recession heightens risk of downgrade

Recession heightens risk of downgrade

The Money Show’s Bruce Whitfield interviews Citadel Chief Economist Maarten Ackerman.

The South African economy is mouldy toast

The South African economy is mouldy toast

It's official. South Africa is in a recession. The Money Show’s Bruce Whitfield interviews Citi Bank economist Gina Schoeman.

Back-to-school, 3 million Charlie Hebdo copies to hit stands, Mbete vs EFF

Back-to-school, 3 million Charlie Hebdo copies to hit stands, Mbete vs EFF

Round up of the day's big ones.

Popular articles
[LISTEN] DA MP Glynnis Breytenbach withdraws her candidacy for NDPP post

[LISTEN] DA MP Glynnis Breytenbach withdraws her candidacy for NDPP post

Breytenbach was one of 12 candidates shortlisted for the position.

'I felt racially profiled at Wellness Warehouse'

'I felt racially profiled at Wellness Warehouse'

Efua Prah shares how she felt she was racially profiled while shopping, a problem she says exists in many Cape Town outlets.

Water restrictions see 17 municipal pools across CT open from December

Water restrictions see 17 municipal pools across CT open from December

The City of Cape Town's JP Smith says four of the existing municipal pools will be converted into salt water pools.

Ever wondered why university vice-chancellors earn millions. Here's why

Ever wondered why university vice-chancellors earn millions. Here's why

CEO of Universities SA, Professor Ahmed Bawa explains why university vice-chancellors earn a lot of money while students struggle.