Zuma's 2.9% economic growth target is over the top - economist

Addressing supporters at the ANC’s 105th birthday celebrations at Orlando Stadium in Soweto, President Jacob Zuma predicted a 2017 growth forecast of 2.9 percent despite the slow recovery in the global economy.

Chief economist at Econometrix, Dr. Azar Jammine, says the economy will improve by at least one percent compared to last year.

However, Jammine says Zuma's 2.9% target is unlikely to be met due to political dynamics in the country. He argues that these factors mitigate against businesses desire to invest in new capital projects in South Africa.

I think we should see a figure somewhere between 1-2%. 2.9 is really over the top of most people's forecast.

Dr. Azar Jammine, Chief economist at Econometrix

There is no question that 2017 is likely to be volatile politically, especially in the run for the ANC's elective conference in December.

Dr. Azar Jammine, Chief economist at Econometrix

Listen to the full interview below to hear what should be done to maximise economic growth...

Read More
What to expect from the Rand and interest rates in 2017 - economist

What to expect from the Rand and interest rates in 2017 - economist

Rian le Roux, chief economist at Old Mutual says a tight budget is expected in February.

5 trends to look out for in 2017 (and how to profit from them)

5 trends to look out for in 2017 (and how to profit from them)

Old Mutual’s Hywel George looks into his crystal ball and gives advice on how to make money from what he sees.

Masina reveals plans for Ekurhuleni as he clocks in 100 days as mayor

Masina reveals plans for Ekurhuleni as he clocks in 100 days as mayor

Masina said basic service delivery, stimulating economic growth are priorities and talks about challenges of coalition politics.

No interest rate hike by Reserve Bank predicts economist

No interest rate hike by Reserve Bank predicts economist

Chief Economist at Stanlib, Kevin Lings, says better agricultural season than expected may lead to a decrease in inflation rate.

"The challenge in my country and SA is to clean up the politics" - economist

"The challenge in my country and SA is to clean up the politics" - economist

Renowned economist Jeffrey Sachs says its not about international systems, rather that each country should clean up their own act.

Understanding the two sides of implementing proposed national minimum wage

Understanding the two sides of implementing proposed national minimum wage

A final decision on the issue would be announced after further consultations between business, labour and other stakeholders.

Kenya expecting a massive 5,6% growth in GDP in 2016 - economist

Kenya expecting a massive 5,6% growth in GDP in 2016 - economist

This East African country is bucking global trends, and Nikiwe Bikitsha is in Nairobi to find out how - and why.

Rand steady ahead of US Presidential election

Rand steady ahead of US Presidential election

Azar Jammine looks at the effect on the rand ahead of Tuesday's Trump/Clinton presidential show down.

Futuregrowth resumes lending to Land Bank (ban on other SOEs remains)

Futuregrowth resumes lending to Land Bank (ban on other SOEs remains)

Ray White interviews Dr Azar Jammine, Chief Economist at Econometrix.

If Pravin Gordhan goes what would happen to the economy?

If Pravin Gordhan goes what would happen to the economy?

Dr Azar Jammine, Chief Economist Econometix, paints a bleak scenario if the Finance Minister were to leave because of the Hawks investigation.

Did financial markets overreact to Zuma firing Nene?

Did financial markets overreact to Zuma firing Nene?

President Jacob Zuma says there was an exaggeration from the markets on his axing of former finance minister Nhlanhla Nene.

Popular articles
Banting, the drive behind butter shortage in the world

Banting, the drive behind butter shortage in the world

The shortage of butter is a global problem as more people are switching low-fat for full-fat milk, says Dr Koos Coetze.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Opinion:  Bishop Lekganyane is right

Opinion: Bishop Lekganyane is right

Stephen Grootes weighs in on comments made by the Zion Christian Church Bishop at the weekend.

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.

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.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.

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?