Streaming issues? Report here
Clement Manyethela 702 gradient Clement Manyethela 702 gradient
The Clement Manyathela Show
09:00 - 12:00
volume_up
volume_mute

Up Next: The Midday Report with Mandy Wiener
See full line-up
The Clement Manyathela Show
09:00 - 12:00
Home
arrow_forward
Business
fiber_manual_record
Opinion
fiber_manual_record
Politics

‘South Africans are getting poorer and poorer because of politics’

4 December 2019 8:52 AM
Tags:
GDP
Economy
Recession
Politics
The Money Show
Economic growth
Bruce Whitfield
growth
economist
GDP Growth
Isaah Mhlanga
Alexander Forbes Investments

SAA is a classic example, says Isaah Mhlanga, Chief Economist at Alexander Forbes Investments.

So blooming depressing! We’re on the cusp of recession all over again!

Bruce Whitfield, The Money Show
pixabay.com (2018)

The South African economy shrank by a surprising 0.6% in the third quarter of 2019.

Agriculture contracted by 3.6%, mining by more than 6% while manufacturing was down almost 4%.

The only silver lining is fixed investment by private businesses, which grew by 7.4%, following on growth of 10.5% in the second quarter.

The Money Show’s Bruce Whitfield interviewed Isaah Mhlanga, Chief Economist at Alexander Forbes Investments.

It would require about 4.1% growth in the fourth quarter to reach 0.5% [growth for the year], which is very unlikely… For the next 18 to 24 months, growth is going to remain sub-0.5%... we’re likely to see more retrenchments…

Isaah Mhlanga, Chief Economist - Alexander Forbes Investments

The hard decisions required to build confidence aren’t being made fast enough… It’s absolutely all about politics… SAA is a classic example… Politicians… perhaps they’re deaf to the situation the economy is in.

Isaah Mhlanga, Chief Economist - Alexander Forbes Investments

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:


4 December 2019 8:52 AM
Tags:
GDP
Economy
Recession
Politics
The Money Show
Economic growth
Bruce Whitfield
growth
economist
GDP Growth
Isaah Mhlanga
Alexander Forbes Investments

More from Business

waiter jpg

'Some restaurants are holding on to waiters' tips to claw back their losses'

12 August 2020 7:53 PM

Yes, restaurants are struggling, but that doesn't make it ok to shortchange staff says Wendy Knowler on The Money Show.

Share this:
Read More arrow_forward

Sars online tax return revenue service 123rfbusiness 123rfpersonalfinance

Have you been auto-assessed by Sars? Here's what you need to know

12 August 2020 7:34 PM

Tax expert Thamsanqa Msiza (Tax Consulting South Africa) tells The Money Show what taxpayers need to check and be aware of.

Share this:
Read More arrow_forward

Dandelion flower

It has not been a good year for rubber

12 August 2020 7:15 PM

The wheels may be coming off for the substance gets us around the world

Share this:
Read More arrow_forward

Cyril Ramaphosa

Is Ramaphosa ready to announce Level 2? What an economist would like him to say

12 August 2020 6:51 PM

The Money Show's Bruce Whitfield interviews Kevin Lings, chief economist at Stanlib Asset Management.

Share this:
Read More arrow_forward

Out of business 123rf 123rfbusiness 123rflifestyle

R200b Covid-19 loan scheme's paid out only R13b. Can a makeover get it to work?

11 August 2020 8:48 PM

Since it launched in May, the scheme's helped only 6.6% of businesses it targets. Will recent changes lead to improvement?

Share this:
Read More arrow_forward

netflorist-haroldpng

Why NetFlorist should be congratulated for bringing back whiny Harold

11 August 2020 8:14 PM

Branding expert Andy Rice explains why NetFlorist's radio campaign is his advertising hero of the week.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

Eskom pensioners receive Covid 19-relief bonuses totalling R104m

11 August 2020 7:25 PM

The Money Show's Bruce Whitfield interviews Eskom's Linda Mateza about the once-off payment to its pensioners.

Share this:
Read More arrow_forward

190715-des-van-rooyen-edjpg

Thank God van Rooyen wasn't finance minister for longer, Zondo commission told

11 August 2020 6:43 PM

Lungisa Fuzile (former National Treasury DG) tore into former minister Des van Rooyen's performance and choice of advisers.

Share this:
Read More arrow_forward

Female woman businesspeople diverse office 123rf 123rfbusiness

It’s far less risky to lend to a female entrepreneur than a male one - research

11 August 2020 9:26 AM

Studies across the world and industries consistently show women-entrepreneurs have a better risk profile, says Janeesha Perumal.

Share this:
Read More arrow_forward

WhatsApp-message-log-app-smartphone-social-media-texting-technology-123rf

Pyramid schemes: It's greed, you think you stand a better chance than the others

8 August 2020 2:44 PM

National Consumer Commission director of prosecutions Joseph Selolo says you can't be naive or claim to be duped.

Share this:
Read More arrow_forward

More from Opinion

netflorist-haroldpng

Why NetFlorist should be congratulated for bringing back whiny Harold

11 August 2020 8:14 PM

Branding expert Andy Rice explains why NetFlorist's radio campaign is his advertising hero of the week.

Share this:
Read More arrow_forward

Female woman businesspeople diverse office 123rf 123rfbusiness

It’s far less risky to lend to a female entrepreneur than a male one - research

11 August 2020 9:26 AM

Studies across the world and industries consistently show women-entrepreneurs have a better risk profile, says Janeesha Perumal.

Share this:
Read More arrow_forward

afrika-tikkunjpg

SA needs 'the Madiba compassion' more than ever now, says Afrika Tikkun CEO

5 August 2020 8:54 PM

Marc Lubner on the NGO's programmes for young South Africans and how working with Nelson Mandela inspired his life's work.

Share this:
Read More arrow_forward

nike-adpng

[WATCH] Why Nike's new tv advert is 'absolutely extraordinary'

4 August 2020 8:09 PM

Nike's hit the mark, again, with its latest tv ad campaign. Branding expert Andy Rice awards it this week's hero's rating.

Share this:
Read More arrow_forward

Ferrari

I collect cars. I’m a big Aston Martin and Ferrari guy - Vusi Thembekwayo

3 August 2020 8:06 PM

Bruce Whitfield interviews Vusi Thembekwayo about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

gay-couple-parents-baby-interracial-relationship-family-adoption-surrogacy-123rf

How to gain a sense of purpose and spark 'outrageous achievement'

3 August 2020 7:36 PM

"When your thoughts are centred around the meaning of your life, you unleash immeasurable power,” says author Richard Wright.

Share this:
Read More arrow_forward

TikTok 123rf 123rfbusiness 123rfworld 123rflifestyle

Microsoft wants to buy TikTok. Donald Trump gives it 45 days to negotiate

3 August 2020 7:23 PM

[EXPLAINED] The Money Show’s Bruce Whitfield interviews Craig Wilson, Editor at Stuff Magazine.

Share this:
Read More arrow_forward

Nigeria flag nigerian 123rf 123rfAfrica 123rfBusiness

Shoprite pulls the plug on Nigeria (pop 206m) – trouble for SA companies abroad?

3 August 2020 6:34 PM

Shoprite is exiting the oil-rich but spending-money-poor nation. Bruce Whitfield interviews Dianna Games (Africa At Work).

Share this:
Read More arrow_forward

Candle Eskom 123rf 123rfbusiness 123rflifestyle

Eskom wants its stolen money back – from Koko, Molefe, Singh, etc and the Guptas

3 August 2020 6:27 PM

The process to recover the looted billions has begun. Bruce Whitfield talks to Steven Powell, Director in Forensics at ENS Africa.

Share this:
Read More arrow_forward

old-mutual-logopng

Making sense of Old Mutual's suspension from Zimbabwe Stock Exchange

28 July 2020 8:43 PM

The Zim govt has scapegoated Old Mutual because its currency has "fallen through the floor", says Africa At Work's Dianna Games.

Share this:
Read More arrow_forward

More from Politics

Cyril Ramaphosa

Is Ramaphosa ready to announce Level 2? What an economist would like him to say

12 August 2020 6:51 PM

The Money Show's Bruce Whitfield interviews Kevin Lings, chief economist at Stanlib Asset Management.

Share this:
Read More arrow_forward

Public Protector Busisiwe Mkhwebane. Picture: Abigail Javier/EWN

PP takes Parliament to court over bid to remove her, calls bid unconstitutional

12 August 2020 1:09 PM

News24 parliamentary reporter Jan Gerber reflects on the court case between Busisiwe Mkhwebane and the National Assembly.

Share this:
Read More arrow_forward

Out of business 123rf 123rfbusiness 123rflifestyle

R200b Covid-19 loan scheme's paid out only R13b. Can a makeover get it to work?

11 August 2020 8:48 PM

Since it launched in May, the scheme's helped only 6.6% of businesses it targets. Will recent changes lead to improvement?

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

Eskom pensioners receive Covid 19-relief bonuses totalling R104m

11 August 2020 7:25 PM

The Money Show's Bruce Whitfield interviews Eskom's Linda Mateza about the once-off payment to its pensioners.

Share this:
Read More arrow_forward

190715-des-van-rooyen-edjpg

Thank God van Rooyen wasn't finance minister for longer, Zondo commission told

11 August 2020 6:43 PM

Lungisa Fuzile (former National Treasury DG) tore into former minister Des van Rooyen's performance and choice of advisers.

Share this:
Read More arrow_forward

200811-des-van-rooyen-edjpg

Van Rooyen blames Madonsela & white-owned media for state capture allegations

11 August 2020 5:46 PM

The former Cabinet minister, during his testimony on Tuesday at the state capture inquiry, accused the former Public Protector of making findings against him without giving him an opportunity to answer.

Share this:
Read More arrow_forward

190715-des-van-rooyen-edjpg

Van Rooyen to cross-examine Fuzile before he takes stand at Zondo commission

11 August 2020 1:06 PM

EWN reporter Nthakoana Ngatane gives an update on what is happening at the state capture commission.

Share this:
Read More arrow_forward

Zimbabwe map flag 123rfpolitics 123rf

What is happening in Zim is self-evident, it requires no denial - rights lawyer

11 August 2020 11:24 AM

Zimbabwe government spokesman Nick Mangwana denies that there are human rights violations happening in that country.

Share this:
Read More arrow_forward

Cyril Ramaphosa

'Eradicate chauvinism, sexism and patriarchy. They enable oppression of women'

10 August 2020 9:01 AM

In his "From The Desk of the President" column, Cyril Ramaphosa unpacks a number of commitments made under Generation Equality.

Share this:
Read More arrow_forward

JZuma

Zuma apologises to Hanekom for 'known enemy agent' tweet

9 August 2020 4:50 PM

Former president Jacob Zuma said on his official Twitter account that he “unconditionally withdraws” the allegation.

Share this:
Read More arrow_forward