Discussion | GDP Growth | Rate cuts could spur economic growth

JOHANNESBURG - There has been better economic news since the Government of National Unity was formed. 

The JSE has rallied and some indicators of business and consumer confidence are up. The head of dealmaking at Investec says South Africa could be off to the moon.

But the caveat is that we need to reach growth of 2%. South Africa’s economy has hardly growth for years. It grew less than a percent this year. And projections for this year are hovering around 1%.

Nick Riley from Investec’s investment banking chief spoke to eNCA on this topic.