Now ep75: SA economy - what lies ahead?
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Description
Despite some notable economic gains for South Africa, growth constraints persist. What does this mean for the second half of the year? Investec Chief Economist Annabel Bishop shares her projections for the next six months and highlights the key economic indicators to watch out for. Podcast key moments: 00:00 – Introduction 00:57 – Impact of elections on the rand, investor confidence and the economy 02:27 – GDP outlook for the rest of 2024 03:44 – Will the Purchase Manager's Index (PMI) improve? 05:10 – What will strengthen business confidence? 07:47 – Household finances remain restricted 09:04 – Inflation data positive for interest rates 10:45 – Impact of inflation on household finances 11:53 – Impact of global elections on South Africa 13:51 – Will South Africa’s 10-year benchmark bond recover? 16:19 – What are the key drivers of rand volatility? 17:40 – Key economic indicators to watch out for in the second half of 2024 Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Read more on www.investec.com/now
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