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BER Briefing
Growth arithmetic and the 2024 election
After posting reasonable real GDP growth of 2% in 2022, the growth prospects for the South African (SA) economy in 2023 are bleak. Major constraints include intense power cuts, logistical bottlenecks, as well as a risky global macro and geopolitical environment. On a positive note, the expected lift-off in large green-energy investments could soften the impact of these constraints. In addition, with the crucial 2024 election roughly 12 months away, local politics, which have weighed on business confidence for many years, are also top of mind.
Please join us for an in-person presentation and Q&A with BER Chief Economist Hugo Pienaar on the global and SA economic prospects through 2024. Topics to be discussed include the growth impact of Eskom load-shedding, the outlook for inflation and interest rates, and more. This will be followed by a facilitated panel discussion with top-rated SA political analysts on possible scenarios for the 2024 election. The expert panel will also debate the domestic political landscape beyond the election, including likely multiparty coalition arrangements at provincial, if not national, level.