Brexit will not lead to recession in South Africa: Reserve Bank governor

[BusinessTech]

Brexit will not lead to recession in South Africa: Reserve Bank governor

South African Reserve Bank governor, Lesetja Kganyago, says that while a decision by Britain to exit the European Union will impact economic growth locally, it will not lead to a recession.

 

[Mike Hoxbig]

We're bordering on 0% growth. Any impact is likely to lead to a recession...

 

[ScottulusMaximus]

Yet when recession hits "external factors" will be blamed because everything is perfect here.

 

[Polymathic]

Zuma opening his mouth about Brexit might just do it though

 

[Milano]

Brexit might or might not lead to a recession.

 

[Nerfherder]

It might even be good for us as we could get a better trade deal with the UK.

The market cluster F-K that happened after the announcement was peoples reaction - not indicative of what will necessarily happen with the exit.

 

[Pox]

Brexit will add to the terrible way the ANC tries to run this country. We are already borderline recession. We were a fraction of a percent away from officially being in a recession in the last quarter, i think a recession is unavoidable.