Economist predicts 3% GDP growth

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


Recommended

by NEWSROOM AI
Read More
'Davos is depressing. SA is barely here! We used to have a dominant position'

'Davos is depressing. SA is barely here! We used to have a dominant position'

South Africa is at risk of becoming irrelevant, warns The Money Show’s Bruce Whitfield from the World Economic Forum in Davos.

Australian bushfires are a climate catastrophe, warns Sydney professor

Australian bushfires are a climate catastrophe, warns Sydney professor

As bushfires continue to rage across Australia, a professor at the University of Sydney has called on the government to act.

Booze-free pop-up bar shaking things up for the sober curious

Booze-free pop-up bar shaking things up for the sober curious

The global movement towards moderate and mindful drinking has spawned a growing market of alcohol-free drinks - and now, a bar.

Commercial property sector takes hit as GDP declines

Commercial property sector takes hit as GDP declines

Neil Gopal of the SAPOA says without economic growth, building rates decline due to no new businesses being established.

3 key messages we want to hear from President Cyril Ramaphosa's Sona

3 key messages we want to hear from President Cyril Ramaphosa's Sona

Analysts outline the important issues that Thursday evening's State of the Nation Address needs to deliver.

Department of Small Business Development's role as GDP declines

Department of Small Business Development's role as GDP declines

Minister Khumbudzo Ntshavheni outlines plans to help entrepreneurs in South Africa.

Popular articles
[WATCH] Mom creating virtual drive-through for son's birthday has us talking

[WATCH] Mom creating virtual drive-through for son's birthday has us talking

Khabazela shares some of the videos that went viral on Twitter and Facebook.

[WATCH] Cute siblings helping each other up the stairs goes viral

[WATCH] Cute siblings helping each other up the stairs goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

What are the opportunities that lie ahead for SA after COVID-19?

What are the opportunities that lie ahead for SA after COVID-19?

Tech entrepreneur Alan Knott-Craig gives reasons the country is in a better position during the outbreak than other places.

 'Easter during COVID-19 outbreak must be time to be introspective about faith'

'Easter during COVID-19 outbreak must be time to be introspective about faith'

South African Council of Churches general-secretary Bishop Malusi Mpumlwana reflects on the upcoming Easter holiday in a lockdown.

COVID-19 death toll rises to 18 in SA, cases at 1,845

COVID-19 death toll rises to 18 in SA, cases at 1,845

In a statement released on Wednesday night, the minister said the cases had gone up to 1,845.

Lockdown: Companies with good service on social media - and those without

Lockdown: Companies with good service on social media - and those without

Consumer journalist Wendy Knowler investigates which companies are meeting their customers’ needs on social media.

How to support outdoor entertainment indoors

How to support outdoor entertainment indoors

Theatres across the world have gone dark, but you can still support and watch the arts while at home

How did a single Netcare hospital become the epicentre of Covid-19 in KZN?

How did a single Netcare hospital become the epicentre of Covid-19 in KZN?

Bruce Whitfield interviews Richard Friedland, CEO at Netcare – owner of the hospital at the epicentre of KZN’s Covid-19 outbreak.

Expect no price hikes or shortages (except rice, pasta) from us - Tiger Brands

Expect no price hikes or shortages (except rice, pasta) from us - Tiger Brands

Tiger Brands CEO Noel Doyle assures South Africans that there are sufficient supplies of most of the company's products.

Dis-Chem launches drive-through COVID-19 testing sites

Dis-Chem launches drive-through COVID-19 testing sites

The company says the tests will cost R850 each and it may take 24 to 48 hours to get your results back.