Economic Dynamicism in KZN – The Year 2015 Clive Coetzee

Many Different Views on the Growth Outlook for 2015 Economic declines in Euro zone, Japan and some major emerging economies (Brazil and Russia) vs the benefit of lower oil prices

World Bank lowered its global growth forecast for 2015 and 2016 Global economy would grow 3 percent this year, below a forecast of 3.4 percent. World GDP growth will reach 3.3 percent in 2016, as opposed to a June forecast of 3.5 percent, before dipping to 3.2 percent in 2017

On the Other Hand

The Oil Price Question???

Balanced View

Lower Oil Prices

Immidiate Relief at the Pumps

Positive Impact of Inflation

Keeps Interest Rates « Low »

Government’s Thirst for Cash Financing SA’s budget deficit

Currency Risks (To fast to low) Reputational Risk Country Ratings

Eskom and Administrative Prices Taxpayers be compelled to bail out Eskom and add to the billions of rands already spent on the struggling power utility to avert blackouts. Rob Jeffrey, Econometrix’s managing director and senior economist, warned that the economy had already lost an estimated R300 billion since Eskom’s woes first surfaced in 2008.

Eskom and Administrative Prices Many of South Africa’s 283 municipalities were in a “state of paralysis and dysfunction The number of service delivery protests annually in South Africa has been increasing since 2004 and, since 2009, more of them have turned violent

KZN Outlook (Population, e = estimate)

KZN Outlook (GDP, e = estimate)

KZN Outlook (Employment, e = estimate)

KZN Outlook (Per Capita Income, e = estimate)

KZN Outlook (Inflation, e = estimate)

KZN Outlook (City GDP %)

KZN Risk (Improving Risk Outlook

KZN Risk (Economic Conditions improving for 2015)

KZN Risk and GDP (The worst seems to be over)

Thank You Clive Coetzee