Breakfast With David
Independent economist Ndumiso Hadebe says there are various factors that can be highlighted as the possible reasons for the country slipping into a technical recession.
Hadebe was in conversation with Breakfast With David Sullivan as reactions continue following the Statistics South Africa announcement.
The entity announced that the country’s gross domestic product had decreased by 0.7% in the second quarter of the year. A technical recession is when an economy suffers two consecutive quarters of negative economic performance. Hadebe says there has been poor performance in various sectors including the agricultural sector due to the recent drought.
READ : Ramaphosa has been handed a Chinese marriage and a technical recession – where does he go next?
He added that South Africa is also highly affected by trade wars between China and the US. Hadebe says the country is also still reeling from some of the challenges created under the previous government administration.
https://soundcloud.com/kayafm959/independent-economist-ndumiso-hadebe-talks-south-africas-technical-recession-05-september-2018




