ANC unity looms larger than global summits for Ramaphosa

In this edition of Business Day Spotlight, we round up the week’s top business and economics news from international summits to the ruling party’s meeting over the weekend and interest rate cuts.

Our host Mudiwa ‘MobbJustice’ Gavaza is joined by François Conradie, a senior political economist with NKC African Economics to explore local and international economic developments affecting SA.

The discussion looks at SA’s participation in global economic gatherings – the UK Africa Investment in London and the World Economics Forum in Davos, Switzerland which took place this week. President Ramaphosa was noticeably absent from these events despite his investment drive, choosing to send a delegation in his place. It is definitely good for SA to have a presence there but he says it was probably more important for him to tend to issues at home like the ANC’s National Executive Committee lekgotla. Conradie says the ANC was likely making an effort to present a united front with this past weekend’s meeting and remarks from the President.

The discussion shifts to news from earlier in the week that the International Monetary Fund has revised its growth forecast for SA down from 0.9% to 0.8% for the year, together with the SA Reserve bank’s decision to cut interest rates.

Listen in to hear the full discussion and thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.