SA economy falls short of Government forecasts – Dawie Roodt
Godongwana’s forecasts according to Dawie Roodt, the Chief Economist at the Efficient Group, are far too optimistic.
Godongwana’s forecasts according to Dawie Roodt, the Chief Economist at the Efficient Group, are far too optimistic.
Roodt said that a fifty base point hike in interest rates in response to the situation is likely and that the South African economy is probably not going to grow this year.
Reacting to the Minister’s 2023 budget, Roodt said he did not think that the Minister’s economic growth estimate will be achievable.
Economist Dawie Roodt said to grow the economy is simple and straightforward but politics is standing in the way of good economic policies. “Our political problems are not going to be resolved before the general election in 2024,” he said.
Tax and the compliance costs imposed by the various tax laws are a tremendous burden to small firms. They are, in fact, one of the greatest inhibitors of small firm development.
Poor service delivery could see municipalities lose revenue from electricity tariffs as more private power producers come online.
Dawie Roodt saw this as the perfect opportunity, as an economist, to try and gain insight on the war between Russia and Ukraine.
Author and political scientist RW Johnson has predicted that South Africa will eventually be forced to go to the IMF and ask for a loan.
Downgrade despair set in when all three of the major global credit ratings agencies published their latest decisions for South Africa last week.
Respected former finance minister Nhlanhla Nene has been appointed as the acting director of the Wits Business School (WBS).