PESA

Political Economy Review: South African GDP Contracts in 3Q2019

 

eNCA: The Roundup with Dan Moyane

Tuesday, 3 December 2019

South Africa’s GDP contracted by -0.6% in 3Q2019 after major contractions in mining and manufacturing sectors. The interview assesses the causes for South Africa’s poor GDP growth performance and what this means for policy-makers. The interview also discusses the the possible interventions by the South African Government to resuscitate GDP growth including dealing with the governance of state-owned enterprises, resolving the energy supply challenges at Eskom and the trade offs between fiscal sustainability and supporting economic growth. The discussion also evaluates whether the reviving investor confidence is sufficient to resuscitate economic growth and what needs to be done in the current fiscally-constrained environment. The discussion also reviews the work of the Competition Commission and whether they are moving in the right direction towards reviving GDP growth.

Siyaduma Biniza

Siya is the Executive Director at PESA.

Siyaduma Biniza

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