In this edition of Business Day Spotlight, we explore the current state of the SA economy as s GDP contracted by 3.2% for the first quarter of 2019Our host Mudiwa Gavaza is joined on the line by Prof Adrian Saville, economics lecturer at Gibs Business School and CEO of Cannon Asset Managers to unpack some of the week’s top economic issues.
With elections now out of the way, are we likely to see more inflows of capital into the economy from parties that were previously waiting to see how the democratic process would turn out? Saville says he certainly hopes so, but the policy environment needs to be right to attract investors.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Rand plunges nearly 2% as GDP contracts | IOL Business ReportBanking stocks also tumbled, wiping billions of rand in value as StatsSA said its data showed that the economy shrank 3.2% quarter on quarter. Not sure if that’s a “plunge”
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BUSINESS MAVERICK: Agriculture’s negative contribution to the disastrous GDP figure driven mainly by droughtThe agricultural economy, by nature, is wobbly relative to other sectors of the economy as its fortunes are largely driven by a factor beyond the control of humankind – the weather. And in the recent past weather conditions have increasingly been a challenge as exemplified by frequent drought in South Africa. Bullshit. Expropriation and farm murders account for 90 % plus
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Technical recession unlikely after first quarter GDP contraction - experts | IOL Business ReportIt was unlikely that SA would plunge into a technical recession in the second quarter of 2019 according to Dawie Roodt. Brexit unlikely! Trump presidency unlikely. After 3,2% growth drop, loadshedding, retrenchment a bloodbath, zero confidence, trade war, ANC implosion... a recession unlikely... yes sure ja
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Business Maverick: Shock as SA’s first-quarter economic growth shrinks by 3.2%Days after President Cyril Ramaphosa pledged to implement his economic reform plans during his inauguration, the latest economic growth figures underscore the urgency in which he has to fix SA’s broken economy. During the first quarter, the economy recorded the largest contraction since the global financial crisis 10 years ago. It’s the first time the impact of recent rolling blackouts on the economy is laid bare. All the fantastic ideas from MYANC led by CyrilRamaphosa led to this, they only think of ways to destroy the economy. Soon they will run out of tax revenue and then uncle Tom cannot be blamed anymore. We need to make SA a tax heaven with no BEEE etc, allow everybody than can create jobs to go wild in doing so, use the army to stabilize security, and then investors may return to create jobs Incompetence reigns supreme !
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BUSINESS MAVERICK: Is the monetary policy genie out of the bottle?The ANC, newly invigorated after the elections, has put altering the mandate of the South African Reserve Bank at the centre of its developmental agenda and has touted exploring quantitative easing as a solution to SA’s many woes.
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