The state of South Africa’s economy discussed over breakfast
KELLAND – The Northcliff Investor’s Club hosed a special seminar presented by prominent economist Mike Schüssler.
The Northcliff Investor’s Club held a sold-out breakfast seminar at Benvenuto Conference Centre in Kelland on 3 February, sponsored by PSG Northclif and Benvenuto.
The guest speaker for this seminar was the well-known economist and media commentator Mike Schüssler, who presented The World in 2015, which dealt with Schüssler’s projected expectations of South Africa’s economic state for 2015 and beyond.
Schüssler is the owner of Economists.co.za , an economic consultancy that has been extensively quoted in local and foreign media over the last two decades.
“He is well known for his innovative research in areas such as administrative pricing as well as employment and household issues. He is the most quoted and endorsed economist in South Africa and has been endorsed for his insights from academia to analysts as well as government leaders the world over,” said Media Vision’s Gerhard Cloete.
In his presentation, Schüssler touched on oil prices falling quicker than South Africa’s commodity prices.
“Current oil prices are helping South Africa more than most other countries,” he said.
Schüssler also discussed South African home ownership being on par with that of the United States.
“People these days don’t initially invest money into the stock exchange before investing money into their property first,” he said.
Other aspects discussed in his presentation were:
- A huge increase in education attainment in the South African workforce
- South Africa’s productivity in the labour force being relatively okay but not improving fast
- South Africans are becoming more careful when taking on new debt (mortgages).
“Economically, we are not currently at our best due to troubling leadership, power concerns, and the uncertainty of law implementation,” said Schüssler.
Co-principal at PSG Northcliff Tommy Ferreira was very pleased with the outstanding turn-out. He explained that the Northcliff Investors Club serves as an important social forum for the local community.
“It is what the Northcliff Investors Club is all about. It is an opportunity for residents of the greater Northcliff area to get together once every two months or so. To network with potential business colleagues and to share some information on relevant topics that influences the South African economy,” said Ferreira.
The sponsor of the seminar PSG Northcliff was proud to have had Mike Schüssler involved in the presentation and looks forward to more presentation opportunities in the new year.
