We can’t be seduced by this handsome number. Structurally, the economy is mired after a decade of destruction… and large pollical disfunction…— Goolam Ballim, Group Chief Economist - Standard Bank
South Africa’s economy grew by 3.1% in the second quarter of 2019, according to Stats SA.
Mining was the main driver of the economy.
It grew by 14.4%.
The financial services sector is up by 4.1%.
Clement Manyathela interviewed Goolam Ballim, Group Chief Economist at Standard Bank.
Listen to the interview in the audio below (and scroll down for more quotes from it).
South Africa needs a minimum of 2.5% growth consistently to see the unemployment rate fall and to stabilise public debt.— Goolam Ballim, Group Chief Economist - Standard Bank
In 2020, it [a rate cut] is more likely [than in the rest of 2019] … It’s not imminent…— Goolam Ballim, Group Chief Economist - Standard Bank
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
Recommendedby NEWSROOM AI
Wits University mathematics lecturer Dr Jacques du Plessis says teachers are racing against time in the classroom.
Minister Aaron Motsoaledi says those who commit fraud face expulsion for destroying the sovereignty of the country.
Absa head of corporate communications Songezo Zibi says Mminele has pedigree both in terms of policy and commercial banking.
Portfolio Manager Peter Takaendesa shares his stock picks of the week on Bruce Whitfield’s The Money Show.
Financial planner Gregg Sneddon ("The Financial Coach") uses driving as an analogy to teach valuable lessons about investing.
Too scared to “gamble” away your hard-earned cash? Kabous le Roux asks you to consider this simple argument with an open mind.
Competition Commission head of communications Sipho Ngwema explains what they are trying to achieve with the guidelines.
Captain Siya Kolisi accepted the award at a ceremony in Berlin on Monday.
EWN correspondent Jean-Jacques Cornish gives an update on what Lin Songtian has shared about the outbreak.
Sakeliga group is opposing the EFF's application to have the Riotous Assemblies Act of 1956 declared unconstitutional.
The vice-chancellor will take up a new post as director at the London-based School of Oriental and African Studies in 2021.
Accountant and market analyst Sinesipho Maninjwa discusses the purpose of the meeting by the president with business leaders.
To mark 30 years since Mandela's release from prison, Pippa Green speaks to Rivonia Trialist, Andrew Mlangeni about his life.
Nickolaus Bauer spoke to German Ambassador to Southern Africa Martin Schaefer about Germany-South Africa relations.
Nickolaus Bauer on the Eusebius McKaiser Show chats to journalist Max du Preez about FW de Klerk's statements on apartheid.
Callers on the Eusebius McKaiser Show open line debate who fares better behind the wheel.