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

The Aubrey Masango Show
22:00 - 00:00
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:

Subscribe to our Business Wrap Newsletter


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

151007BrianHabana-gif.gif

Shapeshifter: Springbok-turned-businessman, Bryan Habana

3 June 2020 8:18 PM

Former Springbok Bryan Habana about where he is at this point of his career.

Share this:
Read More arrow_forward

download-20jpg

Skynamo is positioning its sales solution to help reps work safely in the field

3 June 2020 7:18 PM

Skynamo is a Field Sales management and productivity app used by manufacturers, distributors and wholesalers.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

How long before everyone has access to financial services

3 June 2020 7:15 PM

Only 54% of South Africans had a bank account in 2004, the goal is to make that 90% by 2030, where are we now.

Share this:
Read More arrow_forward

Lockdown levels South Africa Covid-19 coronavirus 123rf

Government has two weeks to overhaul lockdown regulations

3 June 2020 6:42 PM

Government has two weeks to overhaul lockdown regulations they say were put in place to curb the spread of the coronavirus, or win an appeal.

Share this:
Read More arrow_forward

entrepreneur-businessman-business-owner-ceo-manager-work-Covid-19-mask-123rf

WC labour inspectors crack the whip on businesses violating Covid-19 rules

3 June 2020 6:02 PM

The Labour Department has sent inspectors to various workplaces to ensure that they are complying with Covid-19 safety measures.

Share this:
Read More arrow_forward

woman-on-cell-phone-pexels-freejpeg

'He sent through a fake bank payment notification' - beware Gumtree scammers

3 June 2020 4:47 PM

As South Africans look for ways to make extra cash, Gumtree South Africa has warned consumers not to fall prey to online fraudsters.

Share this:
Read More arrow_forward

zwelithinijpg

South African taxpayers give Zulu King Goodwill Zwelithini a R4.6 million raise

3 June 2020 1:46 PM

Last year, the King got R66.7m from taxpayers. Clement Manyathela interviews the KZN Premier and the DA leader in the province.

Share this:
Read More arrow_forward

Cape Town City CBD by night lights

City of Cape Town launches 'CPT Up & Running' to build business hit by lockdown

3 June 2020 12:52 PM

The campaign aims to ignite a sense of belonging and togetherness among Capetonians and it's a call for everyone to work together.

Share this:
Read More arrow_forward

covid-19 coronavirus economy 123rfbusiness 123rflifestyle 123rf recession

How to invest if you believe we’re heading for an economic depression

3 June 2020 12:31 PM

Depressions do not spell the end for investors, says Dr Adrian Saville of Cannon Asset Managers.

Share this:
Read More arrow_forward

COVID-19 virus coronavirus outbreak blood sample test tube 123rfpolitics 123rf

Medical aids must now pay for Covid-19 tests under new regulations

3 June 2020 9:06 AM

The Council for Medical Schemes has directed medical aids to view Covid-19 testing as a Prescribed Minimum Benefit.

Share this:
Read More arrow_forward