IMF warns SA of economic decline

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Күн бұрын

The International Monetary Fund warns that South Africa's economic growth is likely to decline. An IMF team, which was visiting South Africa, says this is due to the ongoing power cuts. SA GDP growth is projected to decline to 0.1% in 2023. Economist Duma Gqubule elaborates.
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Пікірлер: 45

@kibanaprojects Жыл бұрын

This Newzroom will make you believe that your headsets/speakers are broken 😢

@5801160052086 Жыл бұрын

ANC wants it to end in the gutter

@truthfulman9044 Жыл бұрын

I don't understand why our country is controlled by foreign forces

@shafiyaalgiquadra1105 Жыл бұрын

The richer the African country the more steeped in war it is, be glad we have less than the DRC.

@AndrewMcFarlane_1 Жыл бұрын

ANC allows it and wants money in the pockets for friends

@shafiyaalgiquadra1105 Жыл бұрын

@@AndrewMcFarlane_1 you think the DA's neoliberal policy is any different? We will never submit to neoliberalism AND racism.

@saamstaan6540 Жыл бұрын

Because our government loves foreign money,it's easy money,you don't have to do anything yet you get paid.

@Kellnaved Жыл бұрын

Why not? This is true for nearly every country on earth. Here in Europe our countries are not controlled by our puppet politicians but by an international financial oligarchy. The standard of living has been declining for the majority of Europeans for over 2 decades now while the billionairs in Europe see 20 - 30% increase in their WEALTH (not just income) per year. Which country isn´t ruled - in reality - by the interests of the super rich?

@lindiwesibanyoni1029 Жыл бұрын

Hi Duma, SA is a collapsed state. Take a look at ESKOM. I stay in Mpumalanga Province surrounded by hundreds of coal mines and Power stations. With the coal reserves that will last us more than 400 years but we pay so much for electricity. People in Soweto are not paying for services let alone ESKOM bills. The informal settlements around Gauteng are all connected to the grid and who is paying ESKOM. Now the public service strike is over and it is going to cost R700 billion to the government. This side hustling president doesn't care as he is sleeping on Dollars that he doesn't want to account for. Vuka Africa

@truth-Hurts375 Жыл бұрын

Dont panic....The BRICS summit will fix things...just wait for Putin....maybe he bring a few Roebels for Flatnose to hide under his matras for when things turn to custard !!!

@merle-wq9ir Жыл бұрын

Don't know how active these mines are as our Miners, electricians and plumbers are streaming into Australia to jobs!!

@marabunya Жыл бұрын

What causes economic collapse is also taking loans from the IMF.

@merle-wq9ir Жыл бұрын

😂😂😂😂 That's like asking kids to leave the cookie jar in plain sight untouched!! 😂😂

@refilwemolaba3118 Жыл бұрын

It's true. We have very unfavourable economic policies. Not inviting at all.

@avelile Жыл бұрын

South Africa is experiencing stagflation, not inflation, inflation is just one of the ingredients that are causing the problem. This was predicted years ago.

@monicakieck7501 Жыл бұрын

Corruption and illegal trade is growing

@mash288 Жыл бұрын

Private sector is to blame for their influence on government.

@shafiyaalgiquadra1105 Жыл бұрын

Truer words have never been spoken but it also is not like the government was ready to put up a fight.

@eirevoortrekker7724 Жыл бұрын

Dumb and dumber two of ye.

@AndrewMcFarlane_1 Жыл бұрын

Does the public elect the private sector?

@shafiyaalgiquadra1105 Жыл бұрын

@@AndrewMcFarlane_1 no, that is the point. Why allow them such power that they can even juryrig themselves into a public entity that does not need them and should never have any privatisation intentions?

@AndrewMcFarlane_1 Жыл бұрын

@@shafiyaalgiquadra1105 because the elected government allows them to... If the government cannot keep law and order then it's the government that should be taken out via the polls.

@user-ez9en7vk2z Жыл бұрын

Whatever those hands touch turns 2 sh1t. Verwoerd warned us all but no one listened. Now the whole SA will pay the price.

@siyabongajacobdlamini1764 Жыл бұрын

What is the deference between south Africa and Ukraine.

@jacquesmouton6535 Жыл бұрын

Is this measured in ZAR or USD? If we achieve 0.1% ZAR there is no hope.

@Jouantiese Жыл бұрын

Gdp per capita: 2011 U$D 8738; 2021 U$D 7055... -19.3%...and that was before accelerated loadshedding...

@Jouantiese Жыл бұрын

0.1% in any currency is meaningless.

@ds-kj8fq Жыл бұрын

do not take any loan from them

@truth-Hurts375 Жыл бұрын

Ask Putin....see how that pans out !!!🤣🤔🤔

@wondering8327 Жыл бұрын

Mx what's new?

@Neo_Rain146 Жыл бұрын

0.1 is still a very vibrant and robust growth rate. It’s better than 0.0

@Jouantiese Жыл бұрын

Yeah..right..

@truth-Hurts375 Жыл бұрын

No problem!!! Putin will fix things....keep going !!!

@christinevandermerwe-gl2sm Жыл бұрын

We know!!! But YOU guys wanted a black "democratic government" in SA!!!!!!

@marabunya Жыл бұрын

Yes. In South AFRICA. Why patronize us as if we demanded such a governemnt in Europe???

@merle-wq9ir Жыл бұрын

Whoa the world did and sanctions remember them forced changes on what was in any case an inhumane setup. Its the way of Africa so stop with old rhetoric ! It Achieves NOTHING!!