A year of reckoning for South Africa

The current seismic shifts in South African politics and its effect on our economy means 2018 could be the “country’s year of reckoning”.

For investors market volatility has been the new norm, but it is in times like this when it’s important to look through the noise and stick to your financial plan in order to reach your long-term objectives. This year could be South Africa's year to join the global growth party as policy, hopefully, becomes clearer going forward.

Should politics continue to improve, and we return to fiscal consolidation, the knock-on effects could lead to better growth for 2018.

We sat down with economist Tiniyiko Ngwenya, from Old Mutual Investment Group MacroSolutions, who tells us why she believes this is a year of reckoning for the SA economy and what investors should be aware of in the face of #Zexit, Moody’s ratings and the budget speech.

Watch: 

ZAR/USD
16.85
(-0.43)
ZAR/GBP
21.10
(+0.03)
ZAR/EUR
19.09
(-0.08)
ZAR/AUD
11.68
(-0.10)
ZAR/JPY
0.16
(-0.20)
Gold
1796.91
(-0.28)
Silver
18.91
(-0.93)
Platinum
822.00
(-0.54)
Brent Crude
42.17
(-1.20)
Palladium
1977.50
(+0.89)
All Share
55438.47
(-1.35)
Top 40
51128.99
(-1.44)
Financial 15
10597.09
(-1.00)
Industrial 25
75739.12
(-1.52)
Resource 10
52569.91
(-1.42)
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I'm not really directly affected
18% - 2012 votes
I am taking a hit, but should be able to recover in the next year
23% - 2629 votes
My finances have been devastated
35% - 3942 votes
It's still too early to know what the full effect will be
25% - 2823 votes
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