Economic Outlook 2020

Having narrowly missed a Moody's downgrade, the Rand has rebounded, and local equity markets took a collective sigh of relief.

The country has retained its last investment grade credit rating, but only for now. 

Moody's recent shift to a negative outlook for the sovereign rating places the economy on a knife-edge. The ramifications are being felt broadly across the country, with confidence indicators hitting all-time lows. The timeline is tight. Will South Africa slip over the precipice, be downgraded to junk status and face an investor sell-off as we lose our place in the FTSE World Government Bond Index? Or will government find the political will to tackle the public sector wage bill, weakening SOEs and a looming national debt trap?

We are yet again at a crossroad. Will it be the high road or the low road? Join Gina Schoeman and an esteemed panel of experts as we unpack South Africa's economic prospects for 2020.

This conference will unpack the following issues: 

  • Socio-economic South Africa: Voter turnout, increasing frustration and demographics;  
  • Politics: Why 2020 is a make or break for Ramaphosa;
  • Structural reform: The search for a capable state;
  • Labour: What's to come of trade unions?;
  • Macroeconomics: The real problem with GDP is a nominal one;
  • Monetary Policy: Why so hawkish?;
  • Fiscal Policy: Realism at a cost;
  • Prescribed assets: Brace yourselves; and
  • Sovereign ratings outlook: Feeling Moody.


Gina Schoeman, Chief Economist on South Africa- Citibank Global Economics.


  • Michael Sachs, Research Manager: Public Economics, Wits University
  • Enoch Godongwana, ANC national executive committee (NEC) member, chair of the ANC’s subcommittee on economic transformation
  • Peter Bruce, Columnist, BusinessDay
  • Dr Thabi Leoka, Economist and Member of the President's Economic Advisory Panel
  • Professor Haroon Bhorat, Director of the Development Policy Research Unit (DPRU) UCT
  • Mike Brown, Chairman of the Investment Analysts Society
  • Phakamile Hlubi Majola, spokesperson, NUMSA
  • Gideon du Plessis, General Secretary, Solidarity/ Solidariteit
  • Wayne Duvenage, CEO, OUTA
  • Marie Antelme, Economist, Coronation Fund Managers
  • Natasha Marrian, Deputy Editor, Financial Mail
  • Dr Neva Makgetla, Senior Economist, Trade and Industrial Policy Strategies (TIPS).
  • Wayne Mc Currie, Wealth and Investments at First National Bank
  • Isaah Mhlanga, Chief Economist, AlexanderForbes Investments 
  • Mamokete Lijane, Fixed Interest Securities Analyst,  Absa Group


Click here to download the conference programme


Bookings of 5 or more recieve a 20% discount.

Sponsoring a Conference

Companies wishing to co-brand or sponsor a conference can contact Katie Kilpatrick on 011 771 4297.

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