Economist looks at what's needed for growth in 2017

The African National Congress (ANC) has targeted a 2.9% growth in the economy for 2017.

Eusebius McKaiser hosts economist and Nascence Advisory co-owner, Xhanti Payi, who looks at factors that might hinder this figure.

Payi says social cohesion is fundamental in the economy and a key contributing factor to economic growth.

If we had social cohesion we might have economic growth. If we have to think about economic growth, it’s about people being actively involved in the economy.

Xhanti Payi, economist and Nascence Advisory co-owner

What we have is a lot of exclusion and that’s what’s giving us problems. It’s not divorced from the idea that we don’t have social cohesion.

Xhanti Payi, economist and Nascence Advisory co-owner

We can’t grow if people don’t access and participate in the economy.

Xhanti Payi, economist and Nascence Advisory co-owner

Payi also touched on the importance of preparing for the economy's future.

He says the country could have avoided economic challenges such as drought and labour relations.

Drought is natural phenomenal which is fairly predictable. We didn't have the right kind of irrigation, water storage and right kind of stocks that can resist this kind of phenomena.

Xhanti Payi, economist and Nascence Advisory co-owner

It's not like we live in the early 1900s. There is a lot of technology, which means that in the next circle, now that we have been hit like this it should not happen again.

Xhanti Payi, economist and Nascence Advisory co-owner

Why is it that there was no strategy to say there will come a time where things will have to change, and they didn't prepare. Now we are in a state where labour relations are so sour, and it's keeping us back as the economy as part of the reasons why we are here.

Xhanti Payi, economist and Nascence Advisory co-owner

Listen to the full interview below...

Read More
Naked Scientist: Your skin has a memory

Naked Scientist: Your skin has a memory

A new study has shown skin cells can remember previous injuries and respond faster if the same patch of tissue is injured again.

Why low sexual desire is not 'abnormal'

Why low sexual desire is not 'abnormal'

Low sex drive is common and non-sexual relationships can also be fulfilling, explains clinical sexologist Dr Eve.

House prices slump in some parts of the country

House prices slump in some parts of the country

Property economist at FNB, John Loos, says the drop in house prices is due to slow pace in economic growth.

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

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

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

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.

Tourism minister commends dramatic recovery for SA's visitor stats

Tourism minister commends dramatic recovery for SA's visitor stats

2015 wasn't a good year for South Africa's tourism industry but figures from StatsSA show a remarkable improvement, says minister.

Popular articles
Sassa cards will be functional beyond expiry date

Sassa cards will be functional beyond expiry date

Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

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.

Bylaws, times you may use fireworks

Bylaws, times you may use fireworks

City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

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?