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.
Sales of vitamins and supplements are offsetting drop in demand for cold and flu remedies says Clicks CEO Vikesh Ramsunder.Read More
'If you're happy at work it rubs off on your colleagues and clients' says Gideon Galloway, CEO of King Price Insurance.Read More
Bruce Whitfield interviews Rhulani Mathebula (head of Generation) on Eskom's turnaround plan and the future of Koeberg.Read More
From side hustles to investment income; Mduduzi Luthuli (Luthuli Capital) on creating multiple streams of income.Read More
Covid-19 has changed the consumer goods sector. Some changes will reverse, but others are permanent and may even accelerate.Read More
A class action suit holds Anglo responsible for lead poisoning from the Kabwe Mine, affecting 'generations of children'.Read More
TaB may qualify as a "heritage brand" but nobody drinks the stuff anyway! - Bruce Whitfield in conversation with Andy Rice.Read More
The future of agriculture may draw more from its past than the presentRead More
Tito Mboweni posted a pic of a National Treasury team which includes Ranjeni Munusamy, a week before he delivers the MTBPS.Read More
Along with the pandemic, the future of the consumer goods sector has arrived with a bang.Read More