Kaya 959 Kaya Biz

Bank of America SA Macro Outlook for 2023.

Loading player...
South Africa's 2022 economic performance could be described as M-shaped, with ups in Q1 and Q3 and downs in Q2 and Q4. Even so, it is likely to have managed 2.4% full year growth. In 2023, the forecast is gloomy with persistent blackouts, the effects of high inflation, and cumulative SARB hikes taking their toll on consumption spending. We now estimate real GDP growth at 1% in 2023, down from 1.3% in December and 1.5% in November. Potential benefits of China's re-opening are weighed down by global recession risks and domestic weakness.
19 Jan 2023 2AM English South Africa Business News · Investing

Other recent episodes

Kaya Biz: Budget 2026 under the microscope - Part 2

Kaya Biz brings you a comprehensive post-Budget 2026 special, featuring an in-depth, one-on-one conversation with Finance Minister Enoch Godongwana following his address in Cape Town. In what is being described as a notably optimistic fiscal package, Budget 2026 delivers inflation-linked adjustments to personal income tax brackets and medical tax credits…
25 Feb 3PM 51 min

Budget 2026 under the microscope - Part 1

Kaya Biz brings you a comprehensive post-Budget 2026 special, featuring an in-depth, one-on-one conversation with Finance Minister Enoch Godongwana following his address in Cape Town. In what is being described as a notably optimistic fiscal package, Budget 2026 delivers inflation-linked adjustments to personal income tax brackets and medical tax credits…
25 Feb 3PM 22 min

TECH & INNOVATION: Top social media trends to watch in 2026

Social media continues to evolve at lightning speed, reshaping how brands connect with audiences. As we navigate through 2026, the landscape is being defined by emotional storytelling, authentic connections and a strategic balance between human creativity and AI-powered innovation. The numbers paint a compelling picture: South Africa is home to…
24 Feb 3PM 10 min

SAT - Celebrating 20 Years of Connecting Africa to the World

What began as a strategic initiative by South African Tourism has grown into one of the continent’s most influential business events platforms. Meetings Africa was created to position Africa not just as a leisure destination, but as a serious global player in the meetings, incentives, conferences and exhibitions — or…
24 Feb 3PM 21 min

Salaries rise in January ahead of National Budget relief expectations

With the 2026 National Budget looming, South African salary earners are hoping that modest wage growth will finally translate into real financial relief rather than being absorbed by inflation and tax pressures. While recent data shows nominal salary increases, real wages remain under pressure, reflecting the broader tension between economic…
24 Feb 3PM 16 min
All episodes