EDITORIAL: The poser for 2019
The good news is that if all the dice fall on the right numbers, then SA is actually in a prime spot for a revival
It has been a quiet December at the Union Buildings. No finance ministers have been fired, no more credit downgrades have assailed the country. You’d almost think things are going in the right direction.The good news is that if all the dice fall on the right numbers, then SA is actually in a prime spot for a revival. The only thing is, the consensus is that global growth will slow slightly next year.Then, it’s about where those dice land. Should Eskom’s situation deteriorate, or SA fail to keep a tight rein on the land issue, or Moody’s junk SA’s sovereign rating, the economy will take a hit. But if that doesn’t happen, and President Cyril Ramaphosa gets a solid election victory for the ANC and can implement sweeping changes to his cabinet and accelerate policy reform, investors will believe they can bank on SA again.Either way, expect economic activity in SA to remain muted for at least the next six months, based purely on domestic factors. Then we’ll have to see what happens in an...
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