On Balance - Economic Update 2
Updated: Jul 17
This month I ask Dr Roelof Botha to discuss these major economic issues:
Media headlines suggest financial pressure is mounting on consumers, mainly due to rising inflation. How severe is this problem?
The Reserve Bank has raised interest rates again, resulting in a prime overdraft rate of 8.25%. Was this step necessary, and what are the implications for homeowners with mortgage bonds?
The first quarter of each year witnesses a drop in economic activity. What do the latest key data sets tell us about this traditional dip in the country’s GDP?
Frustration is often shown over the slow pace of the economic reforms promised by President Ramaphosa. Is such criticism warranted?