The nuts and bolts of how to grow South Africa's sluggish economy

702 and CapeTalk host, Eusebius McKaiser was joined in studio by economists Xhanti Payi, Economist at Nascence Advisory and Research, Busisiwe Radebe, Economist at Economic Unit Nedbank Group Ltd and Annabel Bishop who is a Chief economist at Investec in a roundtable discussion about how to grow South Africa's sluggish economy.

Payi tells McKaiser that following the finance minister Malusi Gigaba's Medium Term Budget Policy Statement, what is more important to discuss is how South Africa can get itself out of the economic mess it is in.

Radebe, on the other hand, says if Gigaba wanted to garner any credibility, he should have had a detailed plan on how to recover the country's economy. She adds that it was imperative that he did that during his midterm budget delivery.

I was disappointed by the mini budget. I was also hoping there was some form of a fiscal consolidation. I found that very disappointing.

Annabel Bishop, Chief economist at Investec

We can't continue with the economy seeing essentially, almost stagnant growth and with the politics, business and economic uncertainty continuing to remain and escalate without any clear path of stronger economic growth going forward.

Annabel Bishop, Chief economist at Investec

Bishop says the reason we don't have sufficient tax revenue is that there is not sufficient economic growth. She adds that growing the economy would help with the good fiscal consolidation, like in 2008 where South Africa had good credit ratings.

Radebe believes secure investment may aid and improve the current low levels of investment.

For more on this conversation listen to the audio clip below:


This article first appeared on CapeTalk : The nuts and bolts of how to grow South Africa's sluggish economy


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
John Maytham: 4 reasons why we should host the Rugby World Cup

John Maytham: 4 reasons why we should host the Rugby World Cup

John responds to a caller who says we should not host the event as the country needs to fix its problems first.

Gigaba must play his cards right if he wants to be president, says Max du Preez

Gigaba must play his cards right if he wants to be president, says Max du Preez

Malusi Gigaba is between a rock and a hard place and may have to choose between loyalty to Zuma or the Union Buildings one day.

Debating the costs of nuclear energy

Debating the costs of nuclear energy

Physicist Gaopalelwe Santswere and anti-nuke activist Mike Kantey in robust discussion about whether it's a viable option for SA.

‘It’s not us, it’s the economy’ - Sars explains the R50 billion shortfall

‘It’s not us, it’s the economy’ - Sars explains the R50 billion shortfall

The Money Show’s Bruce Whitfield interviews Sars Group Executive for Research Randall Carolissen.

10-point plan to fix South Africa – it’s not rocket science (by Magda Wierzycka)

10-point plan to fix South Africa – it’s not rocket science (by Magda Wierzycka)

It’s simple to get the country back on track, says Sygnia Asset Management’s activist CEO on Bruce Whitfield's The Money Show.

South Africa (and the world!) is experiencing a water crisis

South Africa (and the world!) is experiencing a water crisis

Professor Anthony Turton says he's been trying to get South Africans to take the water crisis in the country seriously for years.

Leaked fees report: Free education not feasible for SA

Leaked fees report: Free education not feasible for SA

City Press published the leaked fees commission report which was looking into the feasibility of free education.

SOE's behave like unrehabilitated alcoholics - Bonang Mohale

SOE's behave like unrehabilitated alcoholics - Bonang Mohale

BLSA CEO, Mohale, was scathing in his criticism against Zuma, saying he has wrecked the economy.

Zille on why we will avoid Day Zero

Zille on why we will avoid Day Zero

Western Cape Premier Helen Zille talks to John Maytham about the water crisis in the Western Cape

Crowd-funding platform allows business funders to create impact and reap rewards

Crowd-funding platform allows business funders to create impact and reap rewards

The People's Fund is a springboard for innovative businesses that sees donors investing assets into budding black-owned companies.

Popular articles
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

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

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?