'Quick and decisive action needed to grow economy'

Finance Minster Malusi Gigaba says SA economy may grow by 2% in 2018 if government makes the correct policy decisions.

Dennis Dykes, chief economist at Nedbank, says that incorrect policy-making is what has been holding the economy back, and it is up to government to actively change that.

READ: Second tier cities could save SA's economy says Alexander Forbes Lesiba Mothata

I think it is within government to get us to the 2 % growth rate, but its going to be a tough ask, because the kind of things that have been holding back investment have been things like the revised mining charter, a lot of the legislation which looks threatening to investment. So consequently, we've not seen the correct decisions being made.

Dennis Dykes, Chief Economist at Nedbank

Dykes says another cloud over the economy is leadership in the ANC, but adds if all these issues are addressed, then we can achieve quick growth in the economy.

We are going to have to see very quick and decisive action to attain that kind of growth.

Dennis Dykes, Chief Economist at Nedbank

Listen to the full interview below:


Recommended

by NEWSROOM AI
Read More
Second tier cities could save SA's economy says Alexander Forbes Lesiba Mothata

Second tier cities could save SA's economy says Alexander Forbes Lesiba Mothata

Exec Chief economist at Alexander Forbes, Lesiba Mothata believes that the potential of second tier cities have not been harnessed

 We’re very pleased with Cyril Ramaphosa - Sandile Zungu (advisor to Jacob Zuma)

We’re very pleased with Cyril Ramaphosa - Sandile Zungu (advisor to Jacob Zuma)

The Money Show’s Bruce Whitfield interviews President Jacob Zuma's economic advisor Sandile Zungu.

Sars tightens the lid on counterfeit goods

Sars tightens the lid on counterfeit goods

In 2016, 158 000 items valued at R5 mill were confiscated, but 2017 sees a jump to 2 mill items with goods valued at over R62 mill

There’s a patch of plastic twice the size of the USA in the Pacific

There’s a patch of plastic twice the size of the USA in the Pacific

"In the week it took to cross, no matter what time of day I looked, plastic debris was floating everywhere..."

You can now build a house using sandbags

You can now build a house using sandbags

Eco-Building is a licensed operator in South Africa which is fully accredited to construct sandbag buildings.

Popular articles
'I got retrenched and it took a toll on my relationship' - on money and intimacy

'I got retrenched and it took a toll on my relationship' - on money and intimacy

Money is one of the top causes of relationship fights and divorce. Dr Eve and callers discuss how it can affect sexual intimacy.

Icasa's Rubben Mohlaloga to appeal 20 year sentence for fraud, money-laundering

Icasa's Rubben Mohlaloga to appeal 20 year sentence for fraud, money-laundering

He was sentenced alongside former acting head of the Land Bank Philemon Mohlahlane and attorney Dinga Rammy Nkwashu.

Dr Adriana Marais was on her way to the Red Planet. Then Mars One collapsed

Dr Adriana Marais was on her way to the Red Planet. Then Mars One collapsed

The Money Show’s Bruce Whitfield interviews Marais, a quantum biology researcher with dreams to live on Mars.

'Get ready for tax levy to save Eskom, because the money is simply not there'

'Get ready for tax levy to save Eskom, because the money is simply not there'

Eskom has so much debt it threatens to break South Africa. Bruce Whitfield interviews Dr Adrian Saville of Cannon Asset Managers.

McBride's testimony could implicate MPs in state capture

McBride's testimony could implicate MPs in state capture

Ipid boss Robert McBride is expected to implicate 30 high profile individuals including Members of Parliament in his testimony.

Eskom paid R300 billion (and counting) for 2 deeply flawed coal-fired dinosaurs

Eskom paid R300 billion (and counting) for 2 deeply flawed coal-fired dinosaurs

Litigation will follow, says Minister Gordhan. Business Day’s Carol Paton on his inquiry into the failing Medupi and Kusile.

South Africa just became the world’s hottest destination for oil exploration

South Africa just became the world’s hottest destination for oil exploration

The Money Show’s Bruce Whitfield interviews Stephen Larkin, CEO at Africa New Energies.