Streaming issues? Report here
Kenny Maistry 1500 x 1500 2020 Kenny Maistry 1500 x 1500 2020
Soulful Sundays with Kenny Maistry
10:00 - 13:00
volume_up
volume_mute

Up Next: Soulful Sundays with Paul Mtirara
See full line-up
Soulful Sundays with Kenny Maistry
10:00 - 13:00
Home
arrow_forward
Business

Is South Africa in a recession? Consider, for example, new car sales...

2 May 2017 7:05 PM
Tags:
New car Sales

The Money Show’s Bruce Whitfield interviews ETM Analytics Economist George Glynos.

New vehicle sales shrank by 13.3% (year-on-year) to 34 956 units in April.

What does this say about the state of Africa’s most developed economy?

The Money Show’s Bruce Whitfield interviewed ETM Analytics Economist George Glynos.

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

I don’t think we’re quite there [recession] yet.

George Glynos, ETM Analytics

Car sales are a leading indicator [of economic activity].

George Glynos, ETM Analytics

This speaks to a very, very weak economy.

George Glynos, ETM Analytics

This is what happens when sentiment hits a low.

George Glynos, ETM Analytics

We were looking for an improvement, then we had the cabinet reshuffle…

George Glynos, ETM Analytics

My ‘radical’ [economic transformation] will look like the polar opposite of what we’ve had so far.

George Glynos, ETM Analytics

We need to get rid of parastatals that are chewing up the budget.

George Glynos, ETM Analytics

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Article brought to us by Old Mutual.


2 May 2017 7:05 PM
Tags:
New car Sales

More from Business

'Genius' new app buys you shares in the company you're shopping at

4 March 2021 8:53 PM

Grifin is launching in the US, but it's an idea floated by SA's EasyEquities six years ago. Could this drive the necessary buy-in?

Share this:
Read More arrow_forward

Kuli Roberts: I've been working since the age of 7; I'm not flashy

4 March 2021 7:21 PM

Bruce Whitfield interviews media personality Kuli Roberts about her attitude to money (hopes, fears, successes, failures, etc.).

Share this:
Read More arrow_forward

FirstRand declares dividend after rebound 'exceeds group's expectations'

4 March 2021 7:11 PM

'We've seen a strong turnaround pretty much across the board in our portfolio' - FirstRand CEO Allan Pullinger on The Money Show.

Share this:
Read More arrow_forward

Santam makes provision for R2b more to pay out business interruption claims

4 March 2021 6:48 PM

Santam has been processing latest claims since getting legal certainty on business interruption in Jan, says CEO Lizé Lambrechts.

Share this:
Read More arrow_forward

There is progress with the Steinhoff investigation - NPA

4 March 2021 1:49 PM

Spokesperson Sipho Ngwema says bringing on PwC as investigators has given the National Prosecuting Authority a huge advantage.

Share this:
Read More arrow_forward

I was told Trillian secured business from Eskom, Goodson tells Zondo inquiry

4 March 2021 11:50 AM

Former Trillian CEO Bianca Goodson told the state capture commission that Clive Angel is the one who called her and told her that Salim Essa was the majority shareholder.

Share this:
Read More arrow_forward

Home exercising and online shopping trends a boon for fitness-related businesses

3 March 2021 8:50 PM

Sales of fitness products are soaring as the pandemic focuses attention on health improvement and home exercise.

Share this:
Read More arrow_forward

Small honey producer takes on Food Lover's Market in trademark battle

3 March 2021 7:37 PM

'Nature's Gold' was trademarked by the KZN startup. FLM should have checked properly, admits its legal director on The Money Show.

Share this:
Read More arrow_forward

Non-Fungible Tokens - stupid and brilliant at the same time

3 March 2021 7:15 PM

Get yours before the bubble pops

Share this:
Read More arrow_forward

Govt 'admits' private sector could buy vaccines, but it's not that simple

3 March 2021 6:49 PM

Currently, vaccine manufacturers won't sell to businesses responds Profmed CEO Craig Comrie after Afriforum legal challenge.

Share this:
Read More arrow_forward