SA’s GDP contracts 0.2% as growth momentum fades and Old Mutual keeps growth momentum

Stephen Grootes speaks to Sifiso Skenjana, economist and Managing Director of ESG Analytics about South Africa’s economy contracting 0.2% in the second quarter, after first-quarter growth was revised down to 0.4%. The latest GDP figures show weakness across mining, manufacturing and trade, while business investment also declined. With the economy coming off six consecutive quarters of growth, the focus now shifts to what caused the reversal, whether the slowdown is temporary and what it means for South Africa’s 1.2% growth forecast for 2026. In other interviews, Old Mutual Chief Executive Officer Jurie Strydom talks about the insurer’s solid interim results, which saw results from operations per share rise 11%, strong growth in life sales and inflows, a higher interim dividend, and a R1 billion share buyback as the group advances its strategy to drive competitiveness and growth. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.