Policy uncertainty, and a plummeting GDP cause economic upset 

In this edition of Business Day Spotlight, we explore the current state of the SA economy as the latest Stats SA data shows the country’s GDP plummeted by 3.2% for the first quarter of 2019.

Our host Mudiwa Gavaza is joined on the line by Prof Adrian Saville, economics lecturer at GIBS Business School and CEO of Canon Asset Managers to unpack some of the week's top economic issues.

In addition to comments around the recently released GDP figures, the discussion looks at some of the reasons for the drop in economic performance and what some of the key drivers of growth for SA may be for the next 12-24 months.

With elections now out of the way, are we likely to see more inflows of capital into the economy from parties that were previously waiting to see how the democratic process would turn out. Saville says he certainly hopes so but the policy environment needs to be right to attract investors. As an investment professional, he also gives us some into the attitude and perception amongst investors at the moment.

The recent controversy over the ruling party’s comments about expanding the South African Reserve Bank’s mandate have also sparked much debate this week.

The discussion also looks at leadership in state owned enterprises (SOE’s) as CEO’s at SAA and Eskom resigned in the last few weeks. Is the state creating an enabling environment for the success of SOE’s? Is it perhaps time to take some of these entities from public hands? Is it possible to replicate the performance of Telkom at other state entities?

Listen in to hear thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.