This is the REAL state of the nation (by Standard Bank's Chief Economist)

It’s been six years since the world economy emerged from its deepest post-war slump, yet the revival remains reticent.

South Africa’s economy is at a near stand-still, a reflection of global distress and domestic fault lines.

Chillingly, there is a swelling disquiet among citizens.

The Money Show’s Bruce Whitfield interviewed Goolam Ballim, Chief Economist at Standard Bank.

Ballim gave his view regarding the state of the nation.

Scroll down for quotes from the audio below.

Global growth is going to be low for many years.

Goolam Ballim, Chief Economist at Standard Bank

Secular stagnation is a feature of the global growth orientation.

Goolam Ballim, Chief Economist at Standard Bank

Monetary policy has lost its potency. You can’t go lower than zero.

Goolam Ballim, Chief Economist at Standard Bank

Businesses will have to learn to make money without a rising tide.

Goolam Ballim, Chief Economist at Standard Bank

I think China will experience a mild uplift in 2016.

Goolam Ballim, Chief Economist at Standard Bank

Business and Government in South Africa are finding ways to work together.

Goolam Ballim, Chief Economist at Standard Bank

We have a date with destiny on 24 February.

Goolam Ballim, Chief Economist at Standard Bank

We need to show fiscal probity.

Goolam Ballim, Chief Economist at Standard Bank

We need to grow out of our challenges.

Goolam Ballim, Chief Economist at Standard Bank

Subscribe to our Business Wrap Newsletter

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'Insecure? Underendowed? We’ve got the car for you!'

'Insecure? Underendowed? We’ve got the car for you!'

The Money Show’s Bruce Whitfield interviews branding and advertising expert Andy Rice.

Shoprite increases market share to 33.2% (an all-time high)

Shoprite increases market share to 33.2% (an all-time high)

The Money Show’s Bruce Whitfield interviews Shoprite CEO Pieter Engelbrecht.

Naspers pays CEO Bob van Dijk R28 million (revenues totals R192 billion)

Naspers pays CEO Bob van Dijk R28 million (revenues totals R192 billion)

The R1.25 trillion company’s revenues totalled R192 billion. Bruce Whitfield interviews Allan Gray's Simon Raubenheimer.

I want to ride my bicycle! I want to ride my bike!

I want to ride my bicycle! I want to ride my bike!

The business of cycling... The Money Show’s Bruce Whitfield interviews Team Dimension Data’s Doug Ryder.

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

The Money Show's Bruce Whitfield interviews Rain Director Michael Jordaan about his money beliefs and history.

50 inventions that created the modern economy

50 inventions that created the modern economy

Economist Tim Harford discusses his book “50 Things That Made the Modern Economy”.

Popular articles
So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Getting to know MP, Dr Makhosi Khoza

Getting to know MP, Dr Makhosi Khoza

Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.

10 sexting tips on how to keep things spicy (and safe)

10 sexting tips on how to keep things spicy (and safe)

Interested in sexting but worried about the risks? Dr Eve has created a guideline to help you 'sext' in a fun and responsible way.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?