Tag: nicky weimar

How will SA finmin Mboweni cut expenditure?

As the dust settles from South Africa’s emergency budget announcement, economist and ratings agencies have expressed their pessimism towards the finance minister Tito Mboweni’s ability to cut expenditure and deliver on his debt stabilisation plan. Joining CNBC Africa for this discussion are Mamello Matikinca-Ngwenya, Chief economist at FNB, Nicky Weimar, Chief Economist at Nedbank and Murtaza Moulvi, Head of Financial Markets at Standard Chartered Bank....

“Moody’s has every reason to downgrade us” – Nicky Weimar

South Africa's economy remains constrained and slowing global growth is adding to the pressure. Financial institutions have been pressured to revise down their GDP estimates. Nedbank Group's Senior Economist, Nicky Weimar tells CNBC Africa’s Kopano Gumbi why they have halved growth estimates for the year to 0.4 per cent.
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