South Africa's Gordhan: Brexit Will Impact Local Economy

The transcript discusses the impact of Brexit on global markets, highlighting the volatility it introduces. It then focuses on South Africa's economic outlook, emphasizing growth prospects and structural reforms to avoid recession. The speaker argues that South Africa is an attractive investment destination due to its business infrastructure, market penetration, and future growth potential in Africa, especially in light of global political uncertainties.

What are some of the consequences of Brexit mentioned in the video?

• Strengthening of the European Union

• Immediate economic growth in the UK

• Volatility in currency and stock markets

• Increased stability in global markets

What is South Africa's projected economic growth for 2017 according to the video?

• 1.0%

• 0.9%

• 1.5%

• 0.5%

Which of the following is NOT mentioned as a focus for South Africa's economic strategy?

• Improving investment

• Reducing political risk

• Undertaking structural reforms

• Enhancing electricity supply

Why is South Africa considered a good place for investment according to the video?

• It has no political risks

• It offers the highest returns globally

• It has a strong presence in the African market

• It has the best business infrastructure in Europe

What future prospects make Africa an attractive investment destination?

• Declining population

• Limited natural resources

• Demographic dividend and growth potential

• Stable political environment