Streaming issues? Report here
Aubrey Masango 2019 BW Aubrey Masango 2019 BW
The Aubrey Masango Show
20:00 - 22:00
volume_up
volume_mute

Up Next: Best of Talk
See full line-up
The Aubrey Masango Show
20:00 - 22:00
Home
arrow_forward
Business

Latest economic growth is not good enough - economist

3 September 2019 7:26 PM
Tags:
South African economy
SA economy growth

SA's economy grew 3.1% in the second quarter avoiding a technical recession.

South Africa has avoided a recession as the economy grew by 3.1% in the second quarter of 2019.

Data released by Statistics SA shows mining, finance, trade and government services were the main drivers of the growth.

Citi Bank economist Gina Schoeman details exactly what has been avoided but says the latest growth is not good enough.

What we avoided was a further dent to confidence because the economy has already gone further down this year so in some ways we avoided that but this is certainly just a relief not a victory.

Gina Schoeman, Economist - Citi Bank

We don't have sufficient growth for the population growth of this country...if you look around what is going on in the social society of South Africa, we are not hard pressed to understand why so it's just plain not good enough.

Gina Schoeman, Economist - Citi Bank

We have got to deregulate this economy in many types of ways. You have got to invite the private sector in, I am not saying privatise everything but you have got to get a better relationship between government and the private sector. Small things like that will remove so much of the uncertainty..

Gina Schoeman, Economist - Citi Bank

Click on the link below to hear the full conversation....

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:


This article first appeared on 702 : Latest economic growth is not good enough - economist


3 September 2019 7:26 PM
Tags:
South African economy
SA economy growth

Recommended

More from Business

capitec-bankjpg

Capitec upping its credit life insurance premiums

15 July 2020 8:56 PM

Consumer journalist Wendy Knowler you don't have to take credit life insurance with the company that you have your loan with.

Share this:
Read More arrow_forward

Homemade-cloth-mask-production-manufacturer-sewing-protective-gear-Covid19-123rf

Shapeshifter: Alex women sew their way to agile business success

15 July 2020 8:29 PM

Ponani Shikweni of Hluvuko Designs has helped women and the youth by creating employment especially during lockdown.

Share this:
Read More arrow_forward

161012sassactn.jpg

Basic income grant could be a massive game changer in SA

15 July 2020 8:02 PM

The University of WesternCape's Prof Stephen Devereux says people can't find work so the state has an obligation to support them.

Share this:
Read More arrow_forward

Vineyard-Hotel-Wine Tasting.jpg

Michael Fridjhon: Govt using alcohol as a 'scapegoat' for its failure to prepare

15 July 2020 8:00 PM

Renowned wine expert Michael Fridjhon has lambasted SA government for reinstating an alcohol ban that spells catastrophe for the wine and agricultural economy.

Share this:
Read More arrow_forward

180529-money-randsjpg

SA's inflation falls to lowest level in nearly 16 years

15 July 2020 6:55 PM

Economist Ndumiso Hadebe says the impact of the lockdown-induced contraction was anticipated.

Share this:
Read More arrow_forward

ranger-wildtrak.jpg

'Used car prices are plummeting. Sellers are desperate and willing to negotiate'

15 July 2020 3:38 PM

The average price of key brands such as Toyota and Ford is dropping, says motoring journalist Ciro de Siena.

Share this:
Read More arrow_forward

Amazon

Need a job? Got matric? Speak English? Amazon in South Africa is hiring!

15 July 2020 2:23 PM

"Business Process Outsourcing" is thriving – and companies such as Amazon in SA is on a hiring spree, says Clayton Williams.

Share this:
Read More arrow_forward

beach-holiday-travel-relaxjpg

SA hotel occupancy drops from 60% to 17% since March - BDO SA

15 July 2020 12:36 PM

Christelle Grohmann doesn't believe industry can survive many more months and there are 1.5 million jobs in the tourism sector.

Share this:
Read More arrow_forward

China chinese soldiers soldier army 123rf 123rfworld

Is Huawei an arm of the Chinese army or is Donald Trump (and the UK) full of it?

15 July 2020 12:35 PM

No Chinese company is immune to the state, says Alistair Fairweather. But security concerns don't tell the whole story.

Share this:
Read More arrow_forward

Diver millennial employees gathered in boardroom 123rfbusiness 123rf

8 lessons to unlearning racial prejudice and unconscious bias for corporate SA

15 July 2020 12:23 PM

Entrpreneur and founder of The Hatch Foundation Ian Fuhr shares some advice for corporate SA that applies to us all

Share this:
Read More arrow_forward