Streaming issues? Report here
Joanne Joseph 702 Gradients Joanne Joseph 702 Gradients
Afternoon Drive with Joanne Joseph
15:00 - 18:00
volume_up
volume_mute

Up Next: The Money Show with Bruce Whitfield
See full line-up
Afternoon Drive with Joanne Joseph
15:00 - 18:00
Home
arrow_forward
Business
fiber_manual_record
Local

Economist predicts 3% GDP growth

3 September 2019 9:54 AM
Tags:
SA GDP
Agriculture
GDP Growth
gdp growth rate

The Economist.co.za Magazine owner Mike Schussler gives his take on what to expect on the GDP announcement.

Statistics SA will release the second-quarter GDP figures on Tuesday.

Earlier this year the International Monetary Fund (IMF) lowered South Africa's projected GDP growth rate for 2019 from 1.4% to 1.2%.

This placed the country among the worst performers in sub-Saharan Africa.

Refilwe Moloto speaks to The Economist.co.za Magazine owner Mike Schussler about what to expect.

The first quarter was a disaster and nobody expected that to continue but I think we will have a positive number of around 3%.

Mike Schussler, Owner - The Economist.co.za Magazine

There are a few bright areas in the South African economy, he says

The agriculture sector has always been difficult but I think the forecast is good.

Mike Schussler, Owner - The Economist.co.za Magazine

One can look out for agriculture to be a bright light in the next few quarters.

Mike Schussler, Owner - The Economist.co.za Magazine

Listen to more here:


This article first appeared on CapeTalk : Economist predicts 3% GDP growth


3 September 2019 9:54 AM
Tags:
SA GDP
Agriculture
GDP Growth
gdp growth rate

Recommended

More from Business

iain-williamson-edjpg

Old Mutual makes acting CEO Williamson permanent

3 July 2020 2:49 PM

Iain Williamson’s appointment ends over a year of uncertainty over who will lead one of the country’s biggest insurers following the abrupt dismissal of former CEO Peter Moyo in June 2019 after a conflict of interest dispute.

Share this:
Read More arrow_forward

onionjpg

Small Business Focus: Onion peeler lessons for SMEs

2 July 2020 9:42 PM

Pavlo Phitidis tells more about a strategy that he has been using for years and how to apply this in a business.

Share this:
Read More arrow_forward

edit - equity-market - image from JSE-dot-co-dot-za.jpg

Personal Finance Feature - Equity fund vs index investing

2 July 2020 8:43 PM

Personal financial adviser Warren Ingram says active fund managers in South Africa have had a terrible time.

Share this:
Read More arrow_forward

rotisserie-whole-chicken-poultry-hot-cooked-food-meal-supermarket-meat-123rf

Meat importers say FairPlay’s dumping concerns is just a COVID-19 blame game

2 July 2020 8:05 PM

Association of Meat Importers and Exporters CEO Paul Matthew says there are mechanisms to deal with a possibility of dumping

Share this:
Read More arrow_forward

191115 SAA strike Airways Park1

Four unions sign up for voluntary SAA severance packages

2 July 2020 7:14 PM

DPE acting director-general Kgathatso Tlhakudi says there is hope ahead of talks with Numsa, Sacca and pilots association.

Share this:
Read More arrow_forward

sanef-logo-2017-slider-770xjpg

Sanef launches relief fund for journalists who’ve lost income due to COVID-19

2 July 2020 11:18 AM

Only freelance, contract or permanently employed journalists who have been retrenched or had their contracts cancelled since the implementation of the national lockdown will be eligible to apply.

Share this:
Read More arrow_forward

160622Stickman-gif.gif

Shapeshifter - SA animation company Triggerfish now in Ireland

1 July 2020 10:23 PM

CEO says Stuart Forrest says Ireland is where the animation industry is booming and they have been doing a lot of work there.

Share this:
Read More arrow_forward

Cars-For Sale-Automotive-Industry-Dealership-Vehicles-service-wheels-123rf

Market Commentary

1 July 2020 9:18 PM

Chris Steward, portfolio manager at Ninety One, says the PMI number in particular is looking a little better.

Share this:
Read More arrow_forward

Kauai strawberry smoothie

Real Foods' Kauai is not chicken about expansion

1 July 2020 8:42 PM

Real Foods CEO Dean Kowarski says they have seen a lot of opportunities since the relaxation of regulations.

Share this:
Read More arrow_forward

sugar-cane-tongaatjpg

Tongaat Hulett fined R7.5-million for publishing false financial results

1 July 2020 7:55 PM

Financial Mail editor Rob Rose says it seems like the JSE felt like it had to do something and made this token sanction.

Share this:
Read More arrow_forward

More from Local

Mask South African flag coronavirus Covid-19 lockdown 123rf

Gauteng executive council expected to deliberate over province's lockdown level

3 July 2020 4:13 PM

The Gauteng executive council will be meeting on Saturday to discuss details around its COVID-19 response.

Share this:
Read More arrow_forward

prof-vilakazijpg

Prof Vilakazi - Appointment a message not only of hope but of what is possible

3 July 2020 4:12 PM

Prof Zeblon Vilakazi has been appointed as the vice-chancellor and principal of Wits University with effect from January 1 2021.

Share this:
Read More arrow_forward

iain-williamson-edjpg

Old Mutual makes acting CEO Williamson permanent

3 July 2020 2:49 PM

Iain Williamson’s appointment ends over a year of uncertainty over who will lead one of the country’s biggest insurers following the abrupt dismissal of former CEO Peter Moyo in June 2019 after a conflict of interest dispute.

Share this:
Read More arrow_forward

200422-cigarettes-edjpg

Fita moves to appeal dismissal of cigarette sales ban challenge

3 July 2020 2:39 PM

The organisation had argued that the ban should be overturned on the basis that tobacco products were addictive and therefore should be declared essential.

Share this:
Read More arrow_forward

albi-picjpg

Taking a trip down memory lane of 702's 40 years

3 July 2020 1:21 PM

Albi Modise captures the story about the talk radio station that started at midday on 28 June 1980.

Share this:
Read More arrow_forward

cycling-bw

Experts develop online tool to help mitigate COVID-19 in endurance sports events

3 July 2020 11:37 AM

Stellenbosch University's Prof Wayne Derman is part of a team that has developed the tool to help event organisers.

Share this:
Read More arrow_forward

Light bulb against dark background, electricity, load shedding. Image: Pexels.

Load reduction leaves parts of Gauteng without power - Eskom

3 July 2020 11:35 AM

The utility said this was part of its efforts to avoid overloading in high-density areas.

Share this:
Read More arrow_forward

raymond-zondojpg

State capture inquiry: Montana accuses Zondo of unfairness

3 July 2020 10:10 AM

On Thursday, the state capture inquiry heard details about how Lucky Montana bought property allegedly through a shell company while he was the head of the state-owned company.

Share this:
Read More arrow_forward

200702-david-makhura-edjpg

Will the Gauteng govt decide to restrict sale, consumption of alcohol?

3 July 2020 8:41 AM

Premier David Makhura announced on Thursday that Gauteng has been hit by the COVID-19 storm.

Share this:
Read More arrow_forward

Fever temperature screening Covid-19 123rf

UPDATE: 12,957 recoveries for Gauteng as SA records 8,728 new infections

2 July 2020 11:13 PM

Health Minister Zweli Mkhize announced on Thursday that the number of national recoveries so far is 81,999.

Share this:
Read More arrow_forward