Joining CNBC Africa to discuss a post-budget analysis of the emergency budget speech yesterday is Azar Jammine, Director and Chief Economist at Econometrix and Maarten Ackerman, Chief Economist and Advisory Partner at Citadel.
Next week expects a crucial budget that could decide the trajectory of the post Covid-19 economy. Finance Minister Tito Mboweni will deliver his emergency budget on Wednesday the 24th. Meanwhile there’s a budget issue. The South African Reserve Bank is to resist the call from government to finance it growing budget deficit with aggressive quantitative easing. According to Governor Lesetja Kganyago it could add even more strain on the National Treasury and the large-scale quantitative easing could bankrupt the central bank. Maarten Ackerman, Chief Economist for Citadel joins CNBC Africa for more.
Wealth management during these uncertain times is crucial to many investors who are treading on rocky waters due to crisis in the global equity markets and the loss of personal income or financial stability. Joining CNBC Africa to unpack the key financial management advice during and after the Covid-19 pandemic is Maarten Ackerman, Advisory Partner and Chief Economist at Citadel
As global tensions are on the rise and a Moody’s credit rating downgrade looms on South Africa – Maarten Ackerman, Chief Economist and Advisory Partner at Citadel joins CNBC Africa for an investors’ guide to 2020.
SA’s GDP contracts 0.6% in third quarter – Here’s why this economist remains positive on the country’s growth outlook
South Africa's gross domestic product has shrunk by 0.6 per cent in the third quarter of 2019. According to Stats SA this follows a revised 3.2 per cent expansion in the second quarter. Agriculture contracted by 3.6 per cent, manufacturing by almost 4 per cent and mining which decreased by over 6 per cent were the contributors to the GDP drop. Maarten Ackerman, Chief Economist, Citadel joins CNBC Africa for more.
George Herman, Director and CIO at Citadel spoke to CNBC Africa’s Fifi Peters about the potential for US yield curve to invert in 2019, recession fears and the implications for South Africa.
The rand plunged against the dollar as South Africa entered a recession and the greenback strengthened. GDP in the second quarter of 2018 fell by 0.7 per cent .Citadel’s Chief Economist & Advisory Partner, Maarten Ackerman joins CNBC Africa for more.
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