The Money Show’s Bruce Whitfield interviewed KPMG South Africa economist Christie Viljoen.
Viljoen spoke about the different ways the Egyptian economy is overtaking (or threatening to overtake) that of South Africa.
Scroll down for quotes from the audio below.
Their GDP has been growing steadily for the past five years.— Christie Viljoen
It’s a combination of us not doing well and them doing better.— Christie Viljoen
Egypt has a much smaller unemployment problem than we do.— Christie Viljoen
Tourism has recovered.— Christie Viljoen
Egypt has natural gas.— Christie Viljoen
The Suez Canal makes Egypt unique. They make a lot of money from that.— Christie Viljoen
Our import bill is big. Their current account deficit is about half the size of ours.— Christie Viljoen
Most of our fall to third place is of our own making.— Christie Viljoen
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