The South African economy has been through a difficult time. Since 2009 (the “Z-years”), South Africa’s economy has been slipping into oblivion — driven by weak and unsure political leadership. We have all felt the impact of a deteriorating economy, heard about being junk status, and seen the dismal forecasts. Growth is structurally low, unemployment is at an all-time high, confidence is at a historic low, and government finances are on the edge of collapse. Whoever will be responsible for the next budget, will face a considerable task of restoring the health of the fiscus. Unfortunately, this plan will include increased taxes and many more new taxes. Nevertheless, the worst seems to be behind us. The new "number one" might not make all the difference, but the momentum of good sentiment might just spark a turn towards a better tomorrow.
Entry fee R50 per person CASH ONLY at door – for cheese, wine, challenging intellectual debate and scintillating company! Media free
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Dawie Roodt is a founder, Director and Chief Economist of the Efficient Group. A nationally renowned economist with over 30 years’ experience, he specialises in monetary and fiscal policy and is involved with the management of client asset portfolios. Dawie is one of the most referenced economists in the media and has been the anchor presenter of the television programme Ontbytsake for the past 12 years.
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