{"id":60580,"date":"2024-02-06T08:25:31","date_gmt":"2024-02-06T08:25:31","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy"},"modified":"2024-02-06T08:41:41","modified_gmt":"2024-02-06T08:41:41","slug":"dawie-roodt-shares-bad-news-about-south-africas-economy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy","title":{"rendered":"Dawie Roodt shares bad news about South Africa\u2019s economy"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Renowned economist Dawie Roodt shared his predictions about South Africa\u2019s economy in 2024, and they are mostly bad news.<\/p>\n

Speaking to Ontbytsake, Roodt said he did a few forecasts related to the country\u2019s finances, which do not paint a pretty picture.<\/p>\n

He shared four predictions for the year ahead:<\/p>\n

2024 elections \u2013 It is an election year which creates uncertainty and volatility. The private sector does not like uncertainty, which will limit investments. It means that not much will happen until the elections are over and will have a drag on the rest of the year.<\/p>\n

Economic growth \u2013 Because of the lack of investment and increased uncertainty, economic growth is likely to be low. South Africa will be lucky to achieve 1% growth. On a per-capita basis, people will get poorer.<\/p>\n

State finances \u2013 South Africa\u2019s fiscal accounts are in deep trouble \u2013 not only the national government but also municipalities and state-owned enterprises. People should expect bad news during the Finance Minister\u2019s 2024 budget speech later this month.<\/p>\n

Inflation \u2013 The worst inflation in South Africa and internationally is behind us. We may see a further decline in inflation, which will result in interest rate cuts.<\/p>\n

\u201c2024 will be a very difficult year for the South African economy. However, lower interest rates are the silver lining to the dark cloud,\u201d he said.<\/p>\n

Dawie Roodt\u2019s advice to people staying in South Africa<\/b><\/p>\n

Roodt previously said that despite the challenges, there is no reason to leave South Africa. However, those staying should make the right choices and protect their wealth.<\/p>\n

The first is that people should ensure they are safe. This may involve living in a security estate and avoiding risky situations.<\/p>\n

They must also have the skills and technology required to participate in the advanced global economy.<\/p>\n

Turning to wealth, Roodt advised South Africans to have a diversified portfolio, with a large portion invested abroad.<\/p>\n

Apart from protecting your wealth against political and economic problems in South Africa, there are also more investment opportunities in international markets.<\/p>\n

\u201cMake sure you use the correct structures when moving money abroad. Get a good advisor to assist you,\u201d he said.<\/p>\n

One of the reasons Roodt feels that it is unnecessary to leave South Africa is because it is possible to work for global companies from anywhere.<\/p>\n

\u201cEconomies today are not as physical as they used to be. This makes it possible to stay in South Africa and work in the global economy,\u201d he said.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Renowned economist Dawie Roodt shared his predictions about South Africa\u2019s economy in 2024, and they are mostly bad news. Speaking to Ontbytsake, Roodt said he did a few forecasts related to the country\u2019s finances, which do not paint a pretty picture. He shared four predictions for the year ahead: 2024 elections \u2013 […]<\/p>\n","protected":false},"author":84,"featured_media":60579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,275],"class_list":["post-60580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nDawie Roodt shares bad news about South Africa\u2019s economy - South Africa<\/title>\n<meta name=\"description\" content=\"Renowned economist Dawie Roodt shared his predictions about South Africa\u2019s economy in 2024, and they are mostly bad news ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dawie Roodt shares bad news about South Africa\u2019s economy\" \/>\n<meta property=\"og:description\" content=\"Renowned economist Dawie Roodt shared his predictions about South Africa\u2019s economy in 2024, and they are mostly bad news ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-06T08:25:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-06T08:41:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1707196206.017713.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dawie Roodt shares bad news about South Africa\u2019s economy\",\"datePublished\":\"2024-02-06T08:25:31+00:00\",\"dateModified\":\"2024-02-06T08:41:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy\"},\"wordCount\":429,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1707196206.017713.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dawie-roodt-shares-bad-news-about-south-africas-economy\",\"name\":\"Dawie Roodt shares bad news about South Africa\u2019s economy - 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