How to cope with a recession (knowing these 5 things may help)

By now it has fully sunk in – South Africa is in a recession.

The Money Show’s Bruce Whitfield interviewed Cannon Asset Managers CEO Dr Adrian Saville.

Saville discussed five things you need to know about coping with a recession:

  • “Technical recession” – is it merely jargon, or is it meaningful?

  • What happened to #CR17 and the promise of 3% growth?

  • We’re not alone (e.g. the “fragile five” and contagion among markets)

  • Can the rand save us?

  • How do we get out the hole?

For more detail; listen to the interview in the audio below (and scroll down for quotes from it).

Per capita growth is the real barometer… On a per person basis, we’ve been in recession for the better part of a decade.

Dr Adrian Saville, Cannon Asset Managers

Most of it is explained by external factors… the real killjoy here is Turkey and Argentina…

Dr Adrian Saville, Cannon Asset Managers

We have to look to foreigners to fund our current account deficit and our budget deficit… when it comes to an emerging market wobble, we’re one of the first to be caught in the storm.

Dr Adrian Saville, Cannon Asset Managers

The rand can act as a buffer in the near term, but we’re also a big importer. We might get an export boost, but we quickly get that replaced by import inflation…

Dr Adrian Saville, Cannon Asset Managers

South Africa has an investment drought. It’s been that way for the better part of a decade… Unlocking the investment vault… There is capacity to turn this recession into a recovery…

Dr Adrian Saville, Cannon Asset Managers

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Tax ombud to probe Sars – yet again - after taxpayers complain

Tax ombud to probe Sars – yet again - after taxpayers complain

The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.

The businesses that boomed and went bust on Business Unusual

The businesses that boomed and went bust on Business Unusual

Predictions, products and personalities featured in "Business Unusual" in the last three years.

Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

The ANC cannot claim innocence - Mahlatsi Mahlase (Sanef)

The ANC cannot claim innocence - Mahlatsi Mahlase (Sanef)

The Money Show’s Bruce Whitfield interviews Mahlatsi Mahlase of the South African National Editors Forum (Sanef).

Recession heightens risk of downgrade

Recession heightens risk of downgrade

The Money Show’s Bruce Whitfield interviews Citadel Chief Economist Maarten Ackerman.

The South African economy is mouldy toast

The South African economy is mouldy toast

It's official. South Africa is in a recession. The Money Show’s Bruce Whitfield interviews Citi Bank economist Gina Schoeman.

Popular articles
DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

Athol Trollip: We respect the court's judgment

Athol Trollip: We respect the court's judgment

Trollip says the DA respects that NMB has a new government, saying that he has learned fundamental lessons about coalitions.

Breaking down Polycystic Ovarian Syndrome

Breaking down Polycystic Ovarian Syndrome

Lalla Hirayama is on a national awareness campaign to bring attention to Polycystic Ovarian Syndrome in South Africa.

Don't blame racism on illness says Eusebius

Don't blame racism on illness says Eusebius

Eusebius McKaiser says it is not unethical for the media to accurately quote the word k***ir if it was used by someone.

Kylie Jenner tries cereal with milk for the first time

Kylie Jenner tries cereal with milk for the first time

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Tax ombud to probe Sars – yet again - after taxpayers complain

Tax ombud to probe Sars – yet again - after taxpayers complain

The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

The Freedom Front Plus says the Gauteng Education MEC has flouted school language policies and is destroying Afrikaans.