Claim OwnershipDaily Economic Summary
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© SA Institute of Race Relations
Description
Ian Cruickshanks provides daily new data impacting the economy and what it means to us.
42 Episodes
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"South Africans have got this can-do attitude, they've got the ability to deliver in difficult circumstances-- that's what's ahead for us in the foreseeable future". Ian phones-in to discuss the economic impact of Covid-19, globally and in South Africa so far and warns that we are yet to see many hungry people!
Ian phones-in to give insights into the dramatic economic contraction and job destruction in the wake of our first week of lockdown as well as unpacking the implications of global recession.
The fragility of the US economy, in the context of Corona, makes a SA economic comeback more difficult. Ian discusses how this will affect South African young people coming into the job market, the government and infrastructure.
In Sandton CBD, 450 000 square meters of office space is empty-- that's 22.5% of Sandton's CBD office space indicating a lack of growing or new business in South Africa's financial hub.
Business confidence survey confirms no early pick-up in activity, the rand drastically lowers but gold represents future investment potential.
Ian talks about global recession fears following panic in the financial markets as well as the negative activity caused by Coronavirus.
Moody's has down-graded SA-- Ian discusses this as well as the global commodities price meltdown, Sasol's dropped share price in the wake of the Lake Charles explosion and answers the question "what does this mean to us?"
Ian discusses COVID-19 examining whether or not its risk is being over-anticipated in the business world. He also talks about electricity production, gives a small bright note on South African business confidence and talks about the demand for our exports.
Ian talks about what's going on with Eskom, how the Public Sector must conduct itself during the recession we are in and what each of us can do to preserve our financial situations as times get tougher.
Ian talks about decreasing GDP, the lack of fixed capital investment and what this means to us as well as talking about what the informal sector could achieve if not over-regulated.
Ian discusses the GDP's continued shrinkage and the negative effect this has on the economy. He ends off with tips on how you can navigate through it.
We apologize for the poor audio quality.
Ian talks about the current economic data and speaks about how motor vehicle sales indicate grim economic prospects. He also touches a bit on the coronavirus and its potential economic impact on South Africa.
Ian talks about his visit to African Rainbow Minerals and his encounter with Patrice Motsepe.
Ian reviews the budget speech for us. he points out what is being done wrong with the economy and also what can be done differently to improve the state of the economy.
Ian talks about South African financial markets being very nervous about the budget speech expectations.
Ian talks on the nervousness of our financial markets.
Ian gives us a brief summary of what we are looking to get out of the 2020 budget speech.
On this episode Ian talks on the risk of what could happen if we step out of mainstream world economy and he answers a question from a listener.
Ian on this show talks about South Africa's growth rate and he gives us a brief analysis about his attendance at the Discovery Holdings presentation.
On this episode Ian talks on high inflation and CIP (consumer price index), he explains what it means to us to have inflation go up from 4% to 4.5%.
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