South Africa's Gordhan: Economy Has 'Bottomed Out'

The video discusses South Africa's economic challenges, including declining growth and credit concerns. It highlights the role of mining and other sectors in economic diversification. The government is optimistic about future growth, despite fiscal constraints impacting education. Inflation is declining, and the central bank is managing expectations effectively.

What is the primary concern of credit rating agencies when economic growth begins to decline?

• The level of foreign investments

• The country's ability and willingness to pay

• The rate of inflation

• The size of the mining industry

Which sector is NOT mentioned as a growing area in South Africa's economy?

• Mining industry

• Space technology

• Textile industry

• Motor industry

What is the expected economic growth rate for South Africa according to the central bank?

• 0.3%

• 0.1%

• 0.5%

• 1.0%

What major social issue is highlighted in relation to South Africa's fiscal spending?

• Housing projects

• Infrastructure development

• Tertiary education funding

• Healthcare funding

What has been the trend of inflation in South Africa recently?

• It has remained constant

• It has been fluctuating unpredictably

• It has peaked and is now declining

• It has been increasing steadily