'It might not feel like it but the stats say it’s true. We’re out of recession!'

Award-winning advertising campaign (2009) for The Economist by Memac Ogilvy (Dubai, UAE).

It might not feel like it, but you’ve got to trust me on this because the statistics say it’s true. We’re out of recession! Who knew?

Bruce Whitfield, The Money Show

The recession is, technically, over.

South Africa’s third-quarter GDP grew by 2.2% quarter on quarter.

Agriculture (up 6.5%) and manufacturing (up 7.5%) did particularly well.

Mining, however, is down 8.8%.

The Money Show’s Bruce Whitfield interviewed Dr Adrian Saville, CEO of Cannon Asset Managers and Professor at Gordon Institute of Business Science (Gibs).

Listen to the interview in the audio below (and scroll down for quotes from it).

The numbers were better than expected. We shouldn’t have felt as bad as we did…This is the three levels of lies, damned lies and statistics… it’s not uncommon… to adjust numbers…

Dr Adrian Saville, Cannon Asset Managers

The 2.2% was well ahead of consensus…

Dr Adrian Saville, Cannon Asset Managers

There’s a silver lining…

Dr Adrian Saville, Cannon Asset Managers

Domestic vehicle sales are in the doldrums…

Dr Adrian Saville, Cannon Asset Managers

The backbone of the economy is heavily reliant on electricity… it thins the silver lining…

Dr Adrian Saville, Cannon Asset Managers

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
69% of credit card fraud victims are old and alienated by technology

69% of credit card fraud victims are old and alienated by technology

Most people who fell prey to credit card fraud in the first three months of 2019 were old, says consumer journalist Wendy Knowler.

I wish the Ndlovu Youth Choir was mine! - Roddy Quin (music manager)

I wish the Ndlovu Youth Choir was mine! - Roddy Quin (music manager)

“What they’ve done for SA is incredible! You cannot put a rand value to it,” says Johnny Clegg’s former manager, Roddy Quin.

'Government is going to hike personal income tax. There’s no doubt'

'Government is going to hike personal income tax. There’s no doubt'

SA’s personal income tax burden is among the world’s 10 heaviest. It’s about to get even worse, warns economist Mike Schüssler.

Watching the 2019 Rugby World Cup from your couch may be better than being there

Watching the 2019 Rugby World Cup from your couch may be better than being there

Television has been a game-changer for watching live sport

How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

I haven’t saved. I intend to work well into my 100s - Leon Louw (FMF)

I haven’t saved. I intend to work well into my 100s - Leon Louw (FMF)

Bruce Whitfield talks to Leon Louw (Free Market Foundation) about his attitude toward money (hopes, fears, successes, failures...)

Popular articles
How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

'Government is going to hike personal income tax. There’s no doubt'

'Government is going to hike personal income tax. There’s no doubt'

SA’s personal income tax burden is among the world’s 10 heaviest. It’s about to get even worse, warns economist Mike Schüssler.

Hubby embarrassed after thinking staff wrote b**** on wife's take-away sarmie

Hubby embarrassed after thinking staff wrote b**** on wife's take-away sarmie

Khabazela shares tweets and Facebook posts that have gone viral.

Burger King rebrands as Bacon King (but drops 'ham' from the word 'hamburger')

Burger King rebrands as Bacon King (but drops 'ham' from the word 'hamburger')

"They seem to have succumbed to consumer pressure," says branding and advertising expert Andy Rice.

[WATCH] Reporter saying dead man 'was unavailable for comment,' goes viral

[WATCH] Reporter saying dead man 'was unavailable for comment,' goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

10 unexpected things that most truly rich people have in common

10 unexpected things that most truly rich people have in common

Personal finance expert Warren Ingram on the money values that those "worth" R40 million or more almost invariably have in common.