Feeling poorer? SA is stuck in the longest downward business cycle in 73 years

We’ve had 10 years of poor governance… We can’t expect a decent recovery for quite a long while… We haven’t even slowed down to a stop before we can turn around… There’s been an absolute breakdown in so many areas…

Ian Cruikshanks, Institute of Race Relations

There are very few people alive today in South Africa that has experienced a longer-lasting downward business cycle than the one we’re stuck in right now.

According to a report by the Centre for Risk Analysis (CRA) at the Institute of Race Relations (IRR), this current downward cycle is the longest since 1945.

What’s more worrying; the world – both developed and developing - is currently experiencing an economic boom.

The Money Show’s Bruce Whitfield interviewed Ian Cruikshanks, Chief Economist at the IRR.

Listen to the interview in the audio below.

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Hottest JSE-listed shares to buy, right now (by Arqaam Capital)

Hottest JSE-listed shares to buy, right now (by Arqaam Capital)

The Money Show’s Bruce Whitfield asks portfolio manager Ashraf Mohamed what he is buying right now.

Does South Africa need a special 'State Capture Court'?

Does South Africa need a special 'State Capture Court'?

The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.

How a farm boy became a businessman (and an inspiration to Thabo Mbeki)

How a farm boy became a businessman (and an inspiration to Thabo Mbeki)

Bruce Whitfield interviews Mkhuseli Khusta, author of “To Survive and Succeed: From Farm Boy to Businessman”.

Eish wena! Fuel prices to go up – yet again – in November

Eish wena! Fuel prices to go up – yet again – in November

Got an arm and a leg left? Or, at least, a good pair of tekkies? The AA has some terrible news for Mzanzi.

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

The Money Show’s Bruce Whitfield interviews Nkayi about her attitude to money (hopes and fears, successes and failures, etc.).

Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

The Money Show’s Bruce Whitfield interviews Business Day financial journalist Warren Thompson.

Popular articles
Major General Johan Booysen says he feels vindicated by Sunday Times apology

Major General Johan Booysen says he feels vindicated by Sunday Times apology

Former KZN Hawks head Major General Johan Booysen says rogue elements within crime intelligence used journalists.

WATCH: Monkey takes the wheel, and Trump says climate change will "change back"

WATCH: Monkey takes the wheel, and Trump says climate change will "change back"

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

Ramaphosa sets the ball rolling for the appointment of new NDPP

Ramaphosa sets the ball rolling for the appointment of new NDPP

Several legal entities and independent public institutions have been asked to help select possible candidates for the position.

ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

BBC World News journalist, Lerato Mbele-Roberts shares a personal story of her experience at her Alma Mater (St Mary's School).

Stormy weather expected over parts of South Africa

Stormy weather expected over parts of South Africa

The South African Weather Service is predicting some much-needed rain over some parts of South Africa over the weekend.

R10 million siphoned from VBS to Floyd Shivambu's personal account

R10 million siphoned from VBS to Floyd Shivambu's personal account

Top ANC officials, along with senior EFF members are among those being fingered in the scandal relating to more than R1 billion being siphoned out of VBS Mutual Bank.

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Private eye Paul O'Sullivan says the Sunday Times was an integral part of state capture and needs to come clean or face a boycott.