Eskom's slow political death, SA probably in recession and graylisting a fait accompli - Economist Dawie Roodt

Loading player...
South Africa’s stricken power utility will get debt relief to the tune of R254 billion over the next three years year, but economist Dawie Roodt says the indication by Finance Minister Enoch Godongwana and President Ramaphosa that municipalities debt may be written off and that the power utiity should not implement Nersa increases meant that the Eskom problem would not be solved. Reacting to the Minister's 2023 budget, Roodt said he did not think that the Minister’s economic growth estimate will be achievable; judging from the South African Reserve Bank’s leading indicator that predicts what economic growth is likely to look like over the next couple of quarters, South Africa is probably in a recession. He also believes the Minister had inside-info that South Africa will be gray listed. Learn more about your ad choices. Visit megaphone.fm/adchoices
22 Feb 2023 1PM English South Africa Investing · Business News

Other recent episodes

From Pretoria to the world: How hearX’s De Wet Swanepoel took hearing care global

With one in five people in the world suffering from hearing loss, hearing care remains one of the least accessible areas of healthcare globally. A South African innovation led by University of Pretoria professor De Wet Swanepoel has helped to change that reality, using smartphones to take hearing screening, diagnostics…
20 Mar 9AM 19 min

BNC#8 Piet Viljoen - Survive first, profit later: Why history beats prediction in investing

Piet dismantles the myth of market prediction, arguing that success comes from judgment, discipline, and respect for history. Drawing on timeless lessons, he reveals why human behaviour drives cycles, why diversification and liquidity matter, and why survival beats brilliance. In a world obsessed with forecasts, this approach focuses on resilience,…
20 Mar 5AM 27 min