Is South Africa in a recession? Consider, for example, new car sales...
New vehicle sales shrank by 13.3% (year-on-year) to 34 956 units in April.
What does this say about the state of Africa’s most developed economy?
The Money Show’s Bruce Whitfield interviewed ETM Analytics Economist George Glynos.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
I don’t think we’re quite there [recession] yet.George Glynos, ETM Analytics
Car sales are a leading indicator [of economic activity].George Glynos, ETM Analytics
This speaks to a very, very weak economy.George Glynos, ETM Analytics
This is what happens when sentiment hits a low.George Glynos, ETM Analytics
We were looking for an improvement, then we had the cabinet reshuffle…George Glynos, ETM Analytics
My ‘radical’ [economic transformation] will look like the polar opposite of what we’ve had so far.George Glynos, ETM Analytics
We need to get rid of parastatals that are chewing up the budget.George Glynos, ETM Analytics
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Anelda Martin is the owner of the Goddess Cafe in Pretoria and she is looking to revive the roadhouse.Read More
Oceana fishing has deferred their interim dividend payout due to Covid19, but says all is well.Read More
Absa is ending its R140m a season sponsorship of SA’s Premier Soccer League (PSL), after a 13-year relationship.Read More
Covid-19 and race riots - is President Donald Trump's re-election campaign collapsing?Read More
Airlines Association of Southern Africa chief executive Chris Zweigenthal says the airline revenue went to zero overnight.Read More
Former Springbok Bryan Habana about where he is at this point of his career.Read More
Skynamo is a Field Sales management and productivity app used by manufacturers, distributors and wholesalers.Read More
Only 54% of South Africans had a bank account in 2004, the goal is to make that 90% by 2030, where are we now.Read More
Government has two weeks to overhaul lockdown regulations they say were put in place to curb the spread of the coronavirus, or win an appeal.Read More
The University of Pretoria's Centre for Entrepreneurship has launched a free National Support Portal for SMMEs.Read More