2024 Branch AGM: Economic Outlook – Nicky Weimar

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Presentation by:

Nicky Weimar

Chief Economist at Nedbank

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SA Economic Outlook: Limping Along presented by Nicky Weimar

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1 True or false, the SA economy returned to pre-pandemic levels around early 2022?

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2 True or false, in 2023, the economy grew by 0,6% which was a decline from 1.9% in 2022?

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3 True or false, failing water infrastructure, was the main contributor that inflicted the most damage to the SA economy?

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4 True or False, Independent Power Producers produced about 14% of the country’s electricity capacity in 2023?

5 / 10

5 True or False, over 50% of freight is now transported by road?

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6 True or False, in 2022, real wage growth was 2.7%?

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7 True or False, in 2024, food inflation is sitting at around 7%?

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8 True or False, SA’s 2024 general elections & the threat of an ANC/EFF coalition will keep the rand volatile?

9 / 10

9 True or false, the demand for property will continue to decline in the later half of the year?

10 / 10

10 True or false, inflation could move to 4,5% in 2024?

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