The economy is shrinking

That number [contraction in mining] does not shock at all.

Lumkile Mondi

The economy shrunk by 1.2% in the first quarter of 2016, according to Statistics South Africa.

The Money Show’s Bruce Whitfield interviewed Lumkile Mondi, Senior Lecturer at the School of Economics and Business Science of the University of the Witwatersrand.

Scroll down for quotes from the audio below.

The mining sector remains a huge problem.

Lumkile Mondi

The mining sector is still a very big exporting sector for us.

Lumkile Mondi

In December South Africans stood up and said, ‘We’re not going to take this nonsense!’

Lumkile Mondi

We have robust institutions!

Lumkile Mondi

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

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
How to create more time (and how to spend it wisely)

How to create more time (and how to spend it wisely)

Make no mistake; strategizing to grow your business takes time. Yet, few business owners seem to have enough of it.

Some investments are more attractive after Budget 2017 (some not so much)

Some investments are more attractive after Budget 2017 (some not so much)

Personal Financial Advisor Warren Ingram gives advice on where to put your money; considering changes brought by Budget 2017.

Cricket SA guns for international superstars to play in new #T20 Global League

Cricket SA guns for international superstars to play in new #T20 Global League

Best. News. EVER! South Africa is getting its own global T20 league. Bruce Whitfield interviews Cricket SA CEO Haroon Lorgat.

Budget 2017 and tax: The good (there is some), the bad and the ugly

Budget 2017 and tax: The good (there is some), the bad and the ugly

The Money Show’s Bruce Whitfield interviews TaxTim cofounder Marc Sevitz.

Meet Zibusiso Mkhwanazi; CEO of “Digital at the core marketing agency” AVATAR

Meet Zibusiso Mkhwanazi; CEO of “Digital at the core marketing agency” AVATAR

Mkhwanazi – son of an entrepreneur – founded a web design firm (Csonke.com) with R2000 when he was 17 and still in school.

5 most important ways Budget 2017 will tighten your belt for you

5 most important ways Budget 2017 will tighten your belt for you

The Money Show's Bruce Whitfield interviews Personal Finance Journalist Maya Fischer-French.

Popular articles
Police shoot at crowd of immigrants with rubber bullets (arrests 136 people)

Police shoot at crowd of immigrants with rubber bullets (arrests 136 people)

"As we speak there’s another standoff in Sunnyside, " says EWN's Barry Bateman.

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.

Vaal Dam about to reach 100% capacity

Vaal Dam about to reach 100% capacity

A few months ago the dam was only 27% full.

Letters show Moyane refuses to account to Gordhan, turns to Zuma to intervene

Letters show Moyane refuses to account to Gordhan, turns to Zuma to intervene

M&G reports that Sars Commissioner Tom Moyane declared an intergovernmental dispute against Finance Minister Pravin Gordhan.

Violence breaks out in Atteridgeville amid #XenoMarch

Violence breaks out in Atteridgeville amid #XenoMarch

Tensions are high in Atteridgeville as a group calling itself Mamelodi Concerned Residents prepares to march against immigrants.

Where is that corrupt bastard? - EFF MP to Brian Molefe

Where is that corrupt bastard? - EFF MP to Brian Molefe

Former Eskom CEO Brian Molefe was sworn in as a Member of Parliament replacing Abram Mudau this week.

New transfer cost threshold an unwise move - property expert

New transfer cost threshold an unwise move - property expert

What does the Finance Minister's announcement on transfer duty threshold really mean for home buyers?

'Engrish' never loved us: 30 words listeners struggle to pronounce

'Engrish' never loved us: 30 words listeners struggle to pronounce

Worcestershire or "Wooster" sauce? The Queen's language can be over-rated and hard to get right! Listeners chuckle at themselves.

Budget 2017 and tax: The good (there is some), the bad and the ugly

Budget 2017 and tax: The good (there is some), the bad and the ugly

The Money Show’s Bruce Whitfield interviews TaxTim cofounder Marc Sevitz.