PODCAST: Austerity in SA? It’s just not happening...
17 November 2021 - 06:00
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If you’re on the Left or trying to score quick political points, then President Cyril Ramaphosa is imposing a harsh period of fiscal austerity on SA. If you’re in the sensible middle, he is doing nothing of the sort.
SA is already spending more than it earns, as our constant budget deficit proves.
Listen as Peter Bruce asks his favourite economist, Thabi Leoka, why she responded so sharply last month to suggestions from former Goldman Sachs SA chief Colin Coleman that over and above current deficit spending, much more was required in order to stimulate the economy back into growth.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
PODCAST: Austerity in SA? It’s just not happening...
If you’re on the Left or trying to score quick political points, then President Cyril Ramaphosa is imposing a harsh period of fiscal austerity on SA. If you’re in the sensible middle, he is doing nothing of the sort.
SA is already spending more than it earns, as our constant budget deficit proves.
Listen as Peter Bruce asks his favourite economist, Thabi Leoka, why she responded so sharply last month to suggestions from former Goldman Sachs SA chief Colin Coleman that over and above current deficit spending, much more was required in order to stimulate the economy back into growth.
CLAIRE BISSEKER: A dash of Coleman’s mustard fires up the orthodoxy
CLAUDE DE BAISSAC: A strategy guaranteed to fail
DUMA GQUBULE: The funeral of austerity
Ramaphosa’s impossible balancing act
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.