"SA growth forecast keeps lowering because we're an export dependent economy"

News over the weekend says the World Bank has actually cut its growth forecast for South Africa's economy for 2017 and that it would now only grow at 0.6% and a possible 1.1% next year.

Nedbank economist Isaac Mathekgo The Midday Report's Stephen Grootes that South Africa's growth forecast keeps getting lower because South Africa is an export dependent economy.

As a result, production in the local economy was slower.

Isaac Mathekgo, Economist, Nedbank

There's a lot of concern around government policy. There's a lot of concern around whether or not the current administration is serious about implementing policies and measures that will help the economy grow.

Isaac Mathekgo, Economist, Nedbank

Take a listen:

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
Gigaba questions veracity of Gupta emails

Gigaba questions veracity of Gupta emails

Finance Minister Malusi Gigaba declined to answer specific questions about leaked Gupta emails and dismissed them as conjecture.

Why unemployment is escalating

Why unemployment is escalating

According to Stats SA the figures are the highest since September 2003.

'Job loses and new job-seekers factors in high unemployment rate'

'Job loses and new job-seekers factors in high unemployment rate'

According to Stats SA, South Africa’s unemployment level is at its highest level since September 2003.

Is DA led government doing enough to develop small businesses in WC?

Is DA led government doing enough to develop small businesses in WC?

Listen to Kieno Kammies in conversation with WC government's Beverley Schafer on what they are doing to develop the economy.

Real radical economic transformation

Real radical economic transformation

Could the overused and undefined phrase hold real meaning for South Africa and the rest of the continent?

Pollsmoor prison or Dubai are Zuma's options writes Max du Preez

Pollsmoor prison or Dubai are Zuma's options writes Max du Preez

If Jacob Zuma were a pushover, he wouldn’t have lasted this long as a president says News24 Columnist, Max du Preez.

Eskom created load shedding to secure coal contracts - Natasha Mazzone

Eskom created load shedding to secure coal contracts - Natasha Mazzone

DA public enterprises shadow minister says Brian Molefe and Ben Ngubane behaved in a distasteful manner in Parliament on Tuesday.

'What’s going to happen in 2019? Gwede Mantashe must be stone-deaf!'

'What’s going to happen in 2019? Gwede Mantashe must be stone-deaf!'

The Money Show's Bruce Whitfield interviews Prof Nick Binedell (Gordon Institute of Business Science) and EWN’s Stephen Grootes.

Ugandan sector challenges make way for growth

Ugandan sector challenges make way for growth

Making her way through Kampala, Nikiwe Bikitsha stopped by the offices of Stanbic Bank Uganda to chat to Patrick Mweheire.

Carzar rakes in a $1.5 million investment

Carzar rakes in a $1.5 million investment

Doors of opportunities remain open for the car-buying online service Carzar.co.za even in the midst of a tough economy.

Moody’s downgrades China

Moody’s downgrades China

The Money Show’s Bruce Whitfield interviews China expert Matthew Birtch from the Gordon Institute of Business Science (Gibs).

Entebbe–Kampala Expressway set to ease transportation for tourists to Uganda

Entebbe–Kampala Expressway set to ease transportation for tourists to Uganda

The Entebbe–Kampala Expressway will be a major boost to Uganda's economy and infrastructural development, says Nikiwe Bikitsha.

Uganda could reap rewards of investing in urban farming

Uganda could reap rewards of investing in urban farming

Nikiwe Bikitsha spoke with an urban farmer and former agriculture minister Victoria Sekitoleko while visiting Kampala, Uganda.

Popular articles
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.

14 job titles that callers can't take seriously

14 job titles that callers can't take seriously

People do some very interesting things for a living, but some job titles are given more credit than others.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

[WATCH] New adapted national anthem by students

[WATCH] New adapted national anthem by students

Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.

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?

Jack Mabaso resurrected on 'Generations The Legacy'

Jack Mabaso resurrected on 'Generations The Legacy'

Will Jack Mabaso's return to the realm of Generations boost ratings? Well it seems not all viewers are impressed by the come-back.