BUSINESS DAY TV: Food inflation will drop in next year due to rand recovery
Nedbank chief economist Dennis Dykes speaks to Business Day TV about his predictions for the South African economy for 2017 BUSINESS DAY TV: After a pretty volatile 2016 which has seen the economy slow to a standstill but still manage to avoid a junk rating, 2017 looks no less precarious. Will rising US interest rates precipitate more hikes here or is the economy too weak to withstand higher rates? Joining us on News Leader with his views is Nedbank’s Chief Economist, Dennis Dykes. Dennis … while commentary has been that a US rate hike is unlikely to be as damaging to the South African economy as previously feared, we now have investors spooked by the dot plots of members’ projections showing a median of what, three interest rate hikes next year? How much of a spanner in the works does that throw for SA? DENNIS DYKES: I have to say it’s happened before. We’ve actually seen those dot plots showing very negative sorts of projections in the past and they’ve never really materialised. I...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.