Mike Schussler

Last updated on 2017-04-13T11:07+0300.

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Mike Schussler said : “When you have a holiday on a Tuesday or Wednesday you find people take off extra days and your productivity sinks,” External link

citizen Friday, October 22, 2021 11:30:00 AM EAT

Mike Schussler said : “It appears August 2021 was a catch-up after July’s unrest, and September’s data is a return to the usual trends,” External link

iol Friday, October 15, 2021 4:16:00 PM EAT

Mike Schussler said : "We want to be like Europe when we don't have the income or tax base. It's not possible" External link

news24 Thursday, October 14, 2021 10:45:00 PM EAT

Mike Schussler said ( about Kwazulu Natal ) : “The lockdown period has shown us that the salary movements are usually reflected in our data sooner than retrenchments, which feature about a month later. On this basis, we conclude that the number of salaries paid in August 2021 is a clear reflection of the payroll numbers during July when the unrest, mostly in KwaZulu-Natal and Gauteng, occurred,” External link

iol Monday, October 4, 2021 10:07:00 AM EAT

Mike Schussler said : “The total private pensions paid was R6.1 billion in August, becoming the third consecutive month that the total pensions paid were over R6bn in the month,” External link

iol Monday, October 4, 2021 10:07:00 AM EAT

Mike Schussler added : “I am worried about the future of my country. Any businessman is in it to make money, not to rip off everybody, so he could pay their workers, shareholders and banks. With the high cost of electricity and unreliable power, it becomes more difficult to make money. I would have thought this would be fixed by now but no,” External link

citizen Thursday, June 10, 2021 12:26:00 AM EAT

Mike Schussler said : “But if you have load shedding for a few weeks then you start feeling the pain. And I think that’s where we are heading to now,” External link

citizen Friday, June 4, 2021 10:53:00 PM EAT

Mike Schussler said : "Our April 2021 data, which under-represents small firms and does not measure the informal market, shows the private sector is 'normalising' in salary and employment terms. Although our data cannot project the unemployment rates, we are convinced that large private sector employment is close to recovery at 95% and returning to levels before the pandemic," External link

news24 Wednesday, May 26, 2021 8:51:00 PM EAT

Mike Schussler said : “The economy is indeed recovering, but its levels this year are unlikely to surpass the previous high GDP (gross domestic product) level in 2019. More certain, however, is that the recovery is at a rate faster than one would have expected,” External link

iol Thursday, May 13, 2021 12:53:00 PM EAT

Mike Schussler said : “I think the first-quarter GDP number will be stronger than most expect… it will be a positive number looking at retail sales and other data,” External link

dailymaverick Wednesday, May 12, 2021 1:18:00 AM EAT

Mike Schussler said : “In March 2021, we are seeing a small increase in the number of weekly and monthly take-home payments while daily payments continue on a declining trend,” External link

iol Thursday, April 29, 2021 1:52:00 PM EAT

Mike Schussler said : “Crime requires more money to be spent on security. There needs to be a proper education, health and policing system. This is so more can be spent on productive things in our economy,” External link

iol Saturday, March 27, 2021 11:18:00 AM EAT

Mike Schussler said : “It is still a very, very big decline and the value added from the non-financial private sector is lower than at any time since 2012. I think we will only get back to pre-pandemic levels of output in 2023 or 2024,” External link

dailymaverick Wednesday, March 10, 2021 9:47:00 AM EAT

Mike Schussler said : “It is still a very, very big decline and the value added from the non-financial private sector is lower than at any time since 2012. I think we will only get back to pre-pandemic levels of output in 2023 or 2024,” External link

dailymaverick Wednesday, March 10, 2021 2:21:00 AM EAT

Mike Schussler said : “This budget has a lot of PR. We will not turn at 89% debt to GDP,” External link

dailymaverick Wednesday, February 24, 2021 6:22:00 PM EAT

Mike Schussler notes : “no salary increases will mean cuts in real terms” External link

dailymaverick Monday, February 22, 2021 2:20:00 AM EAT

Mike Schussler said : “Although Ters payments applications closed in September, it reopened in November for October applications to assist industries feeling the brunt of the lockdown impact. These payments were still being paid in December,” External link

iol Thursday, January 28, 2021 5:14:00 PM EAT

Mike Schussler says : “Therefore, along with tax relief and suspended pension fund contributions, the total take-home pay in the BTPI does not yet reflect the reality of the overall employment situation,” External link

citizen Wednesday, January 27, 2021 5:35:00 PM EAT

Mike Schussler agreed : “We knew a vaccine was coming, we may not have known when – and that’s what I don’t understand... the Department of Health should have made Treasury aware of that” External link

eyewitness-news Wednesday, January 20, 2021 5:58:00 PM EAT

Mike Schussler said : “If we increase taxes, it is really going to hurt – in a time when many have lost their jobs, businesses have been locked down and we have load shedding. So, to increase taxes on top of that will be very difficult for the economy” External link

eyewitness-news Tuesday, January 19, 2021 11:36:00 PM EAT

Mike Schussler said : "This is not a time to fund a basic income grant. We need to find a way to start more businesses and to make businesses comfortable so that we can create more jobs. That is a more sustainable way to support the vulnerable, give them jobs," External link

news24 Saturday, January 9, 2021 12:50:00 AM EAT

Mike Schussler said : “The current R28 pm fee would add at least 10% to about half of all cellphone subscribers costs. That would defeat the object of cheaper data etc.,” External link

iol Friday, January 8, 2021 10:04:00 AM EAT

Mike Schussler says : “As the graph shows it was the biggest decline on record in fuel volumes (as based on tax collection data), but the bounceback is making up for some lost ground,” External link

dailymaverick Tuesday, December 8, 2020 4:49:00 AM EAT

Mike Schussler said : “is only good for bulk commodities, such as chrome, coal, iron ore and manganese, but proving very slow … compared to trucks, which are more costly” External link

citizen Tuesday, December 1, 2020 1:00:00 PM EAT

Mike Schussler said : “At the start of the Covid-19 lockdown, daily and weekly workers were hurt the most with salary numbers dropping to extremely low levels,” “This is similar to what is being experienced around the world where lower-end income earners were hit the hardest” External link

iol Thursday, November 26, 2020 10:58:00 AM EAT

Mike Schussler says : "At the start of the Covid-19 lockdown, daily and weekly workers were hurt the most with salary numbers dropping to extremely low levels," External link

news24 Wednesday, November 25, 2020 4:33:00 PM EAT

Mike Schussler said : “That would increase interest rates even more,” External link

citizen Tuesday, November 24, 2020 10:23:00 AM EAT

Mike Schussler says : “This is certainly unusual; we believe this increase was largely driven by the COVID-19 Social Relief Distress special grant pay-outs and some COVID-19 UIF TERS payments,” External link

iol Thursday, November 12, 2020 11:12:00 AM EAT

Mike Schussler explains : “The total in extra payments is estimated to be around 5% of the cumulative transactions that make-up the BETI over the last five months. So, while the income stream share was 12%, the share of the overall BETI was much smaller at around 5% on average,” External link

iol Thursday, November 12, 2020 11:12:00 AM EAT

Mike Schussler adds : “This will not be as significant as the intense lockdown period but the elimination of these extra payments will have a small, yet significantly negative impact on the SA economy” External link

iol Thursday, November 12, 2020 11:12:00 AM EAT

Mike Schussler says : “Overall, October 2020 was a very strong month and provides a good indication that the economy is edging closer to the level it was before the lockdown. However, much of this recovery has been built on government’s support through relief payments. Therefore, this growth may not be sustainable into the long-term when these payments cease,” “Although we expect Q3 2020 GDP growth to be the best on record since 1960, we anticipate a small growth decline in the first part of 2021 due to the retraction of the TERS and SRD pay-outs” External link

iol Thursday, November 12, 2020 11:12:00 AM EAT

Mike Schussler said : “government and the finance ministry are going to have an avalanche of requests in the coming months,” External link

iol Wednesday, October 28, 2020 1:46:00 PM EAT

Mike Schussler said : “government and the finance ministry are going to have an avalanche of requests in the coming months,” External link

dailymaverick Wednesday, October 28, 2020 9:12:00 AM EAT

Mike Schussler said : “I think we are going to see a bigger deficit of 16% and this is going to make it difficult for our finances going forward. That would mean cutting spending and increasing taxes,” External link

iol Wednesday, October 28, 2020 8:35:00 AM EAT

Mike Schussler said : “I think we are going to see a bigger deficit of 16% and this is going to make it difficult for our finances going forward. That would mean cutting spending and increasing taxes,” External link

the-star Wednesday, October 28, 2020 8:09:00 AM EAT

Mike Schussler said : “government and the finance ministry are going to have an avalanche of requests in the coming months” External link

iol Monday, October 26, 2020 4:44:00 PM EAT

Mike Schussler said : “We don’t need any more plans. We have plans, we need to implement them,” External link

iol Sunday, October 11, 2020 9:24:00 AM EAT

Mike Schussler said : “Yes, it will be the worst Christmas in recent years. We must simply do everything to get back to normal. Black Friday has become the best promotional day on SA shopping calender. So whether people buy Coke or cellphones it is needed by all,” “Retailers need people shopping. We still have 14 million people employed. While that is too few, we need to get back to normal as soon as possible” External link

iol Tuesday, October 6, 2020 11:56:00 AM EAT

Mike Schussler said : “Money is funnelled into projects that provide housing and education relief to the impoverished so why do they feel entitled to take that away from someone?” External link

iol Sunday, September 27, 2020 2:39:00 PM EAT

Mike Schussler said : “All in all, we believe the impact on employment will only be seen in the coming months as the UIF TERS payments come to an end, some interim laid-off workers are re-employed and get their income back, and the economy normalises to a certain degree,” External link

iol Friday, September 18, 2020 9:22:00 AM EAT

Mike Schussler said : “A clearer picture of actual take-home pay and pensions will emerge in October and November, when the sizable UIF payments stop and government’s additional Sassa’s relief payments cease,” External link

iol Friday, September 18, 2020 9:22:00 AM EAT

Mike Schussler said : “Manufacturing is part of the productive sector that you need to get going. We have had a very weak rand over much of that time period, so we should have seen more on the export side. Food manufacturing has been good, but the performance in other sectors is dismal. Despite the weaker rand, we are still not competitive. And with load shedding, we can’t really compete,” External link

dailymaverick Friday, September 11, 2020 2:43:00 AM EAT

Mike Schussler said : “The closer to full recovery the economy gets, the slower the recovery process will be,” “It will take some time for the economy to return to its levels before lockdown” External link

businessday Wednesday, September 9, 2020 6:45:00 PM EAT

Mike Schussler said : “There has been a lot of economic damage done during lockdown and with load shedding on top of that, it’s going to take much longer than two years for the economy to recover. Every day of load shedding pushes back a full economic recovery by three days, so this week alone has done three weeks of damage to the economy” External link

iol Saturday, September 5, 2020 4:24:00 PM EAT

Mike Schussler said : “There is really a minimum the government can do, the economy is in deep trouble and we need to reopen it as soon as possible. The most appropriate level to be on is level 0” External link

iol Thursday, August 13, 2020 4:10:00 PM EAT

Mike Schussler said : “What worries me is I don’t think it is going to become policy right now, but all these ideas are floated and become policy down the line in four or five years and then they struggle to implement it because there isn’t money,” “We only have about 7.5million income tax payers in the country and they are already paying the highest income tax to GDP (gross domestic product) in the world,” External link

iol Wednesday, July 15, 2020 1:27:00 PM EAT

Mike Schussler said : “A better idea is to grow the economy and give people jobs. You don’t become rich on welfare, you don’t become a major league player in the world and a great economy on welfare, because eventually you take too much away from the people who are producing, and they produce elsewhere,” External link

iol Wednesday, July 15, 2020 1:27:00 PM EAT

Mike Schussler said : “Media are going to be affected by what’s happening in the economy. If businesses close, they lose money. If they lose money, they don’t have enough money to spend on things like advertising,” External link

iol Tuesday, July 7, 2020 11:43:00 AM EAT

Mike Schussler said : “This is because we have such a weak economy, we are not importing much. If there is no demand people don’t import. Plus the oil price was falling and that is our major commodity import,” External link

dailymaverick Friday, July 3, 2020 12:49:00 AM EAT

Mike Schussler says : “If the real take-home pay increases at the end of November are anywhere near October’s levels, Black Friday sales will spike significantly,” External link

iol Thursday, June 25, 2020 8:11:00 AM EAT

Mike Schussler says : “Already other positive signs, such as the increase in tax collections from personal income tax, leave one optimistic about consumer spending in the last quarter,” External link

iol Thursday, June 25, 2020 8:11:00 AM EAT

Mike Schussler said : “The South African economy shrank at the fastest rate on record in April while March also recorded a significant decline,” “The latest data provides a clear and broad indication of an economic collapse due to the coronavirus pandemic and the subsequent nationwide lockdown” External link

iol Wednesday, June 10, 2020 8:30:00 PM EAT

Mike Schussler commented : "It's going to be better this month (June), as we start to see internal flights," External link

news24 Wednesday, June 10, 2020 6:43:00 AM EAT

Mike Schussler said : “We are probably going to see a bit of a plateau with oil prices,” External link

citizen Wednesday, June 3, 2020 9:07:00 AM EAT

Mike Schussler said : “South Africa cannot afford to have food producers closed for a long time. The country does have relatively good food security, as we produce a lot of our own food. But people need to eat to survive. Bread is a staple and we don’t have diverse enough suppliers to allow for even one bakery to close for a long period,” External link

iol Tuesday, May 26, 2020 6:18:00 PM EAT

Mike Schussler says : “This represents the biggest reduction in repo rates within such a short period, just five months. There have been bigger cumulative rate cuts within a calendar year, but these cuts in total represent something of a record,” “It is very rare to get interest rates this low. Rates are as low as November 1973, but also in close range to the record low of the mid-60s. It is also in line with rates of the 1930s, the time of the world’s Great Depression,” External link

citizen Friday, May 22, 2020 2:42:00 PM EAT

Mike Schussler said : “I understand their position. They were profitable because they could charge what the market could bear, but the problem comes now that all airports, airlines and car rentals are in very deep trouble,” External link

the-star Friday, May 22, 2020 9:39:00 AM EAT

Mike Schussler said : “South Africa cannot afford another bailout. We have given guarantees to Eskom, SAA, the SABC and now Acsa. I think Transnet is going to worry as well, because their harbours and trains are also not as busy as they were before,” External link

the-star Friday, May 22, 2020 9:39:00 AM EAT

Mike Schussler said : “It’s an unusual situation, so let’s give them a loan guarantee, but then we have to get out of some others. It’s either Acsa or SAA, we can’t do all of them. I would rather do Acsa, because they are more profitable,” “There’s going to be a cry for help from most municipalities and SOEs, and even NGOs are struggling, so we really have to look at what is worth saving and what won’t cost us that much but will pay for itself, like those that made a profit before,” External link

the-star Friday, May 22, 2020 9:39:00 AM EAT

Mike Schussler said : “I understand their position. They were profitable because they could charge what the market could bear, but the problem comes now that all airports, airlines and car rentals are in very deep trouble,” External link

iol Wednesday, May 20, 2020 9:01:00 PM EAT

Mike Schussler said : “South Africa cannot afford another bailout. We have given guarantees to Eskom, SAA, the SABC and now Acsa. I think Transnet is going to worry as well, because their harbours and trains are also not as busy as they were before,” External link

iol Wednesday, May 20, 2020 9:01:00 PM EAT

Mike Schussler said : “It’s an unusual situation, so let’s give them a loan guarantee, but then we have to get out of some others. It’s either Acsa or SAA, we can’t do all of them. I would rather do Acsa, because they are more profitable,” “There’s going to be a cry for help from most municipalities and SOEs, and even NGOs are struggling, so we really have to look at what is worth saving and what won’t cost us that much but will pay for itself, like those that made a profit before,” External link

iol Wednesday, May 20, 2020 9:01:00 PM EAT

Mike Schussler says : “The shebeens cannot operate and taxis have fewer passengers. [The] informal [sector] took many hits, while the formal, small and medium [businesses] took bigger hits, with some sectors closed for 57 days – like travel, hotels, B&Bs and the like, while the rest of the economy is on day 47-odd,” External link

citizen Wednesday, May 13, 2020 11:38:00 AM EAT

Mike Schussler says : “The growth in [the trade of black market] cigarettes is not part of the economy, even if it grows,” “I think the informal economy is very important and probably did not see the decline that much as formal businesses did as they are used to operating ‘under the radar’, but I still think this part also declined as some things are just in short supply” External link

citizen Wednesday, May 13, 2020 11:38:00 AM EAT

Mike Schussler said : “I think we are going to look at a hotel industry that is in severe danger of complete collapse. The government should’ve used this opportunity to pay hotel groups something to look after the frail and old,” External link

iol Monday, May 11, 2020 9:58:00 PM EAT

Mike Schussler said : “Media houses are going to be affected by what’s happening in the economy. If businesses close, they lose money. If they lose money, they don’t have enough money to spend on things like advertising,” External link

iol Monday, May 11, 2020 10:21:00 AM EAT

Mike Schussler said : “For the next two to three months, most companies will just focus on staying afloat - recruitments, learnerships and internships won’t start until in July maybe,” External link

iol Saturday, May 2, 2020 4:51:00 PM EAT

Mike Schussler said : “The European Centre for Disease Prevention and Control, the European Union’s public health agency, said last week that child-to-adult transmission ‘appears to be uncommon’,” External link

citizen Saturday, May 2, 2020 8:58:00 AM EAT

Mike Schussler said : “Those facing exams should come next,” External link

citizen Saturday, May 2, 2020 8:58:00 AM EAT

Mike Schussler said : "It's a very, very small step in the right direction, but if we don't open up the economy, we will be punishing the economy for a very long time," External link

polandsun Wednesday, April 29, 2020 11:50:00 PM EAT

Mike Schussler said : "It's a very, very small step in the right direction, but if we don't open up the economy, we will be punishing the economy for a very long time," External link

irishsun Wednesday, April 29, 2020 11:13:00 PM EAT

Mike Schussler says : “If international financial institutions can help and [lend] us the money, we will get far lower interest rates,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler adds : “Also, [US] Federal Reserve swaps are 0.5% – and at fixed exchange rates,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler says : “For SDRs the IMF would want some insight and views into budget and spending. But the days of servicing structural adjustment [programmes] seem long gone,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler says : “The IMF was mainly focused on the balance of payments, but has moved on to other things [since] the Asian financial and 2008/9 crisis,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler says : “We should also then tap foreign normal bond markets from time to time,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler said : "What can we have for businesses to open with the least risk? Because at this point, I don't know which airline or which hotel will be left standing after the lockdown if things continue in this way," External link

irishsun Sunday, April 19, 2020 1:06:00 PM EAT

Mike Schussler warned : “We are probably looking at a decline in GDP of between -6% to -7.5% for the year, with a decline of -25% seasonally adjusted and annualised occurring in the second quarter,” External link

iol Tuesday, April 14, 2020 7:04:00 PM EAT

Mike Schussler said : “We could see a decline of -35% if we are locked down for two months. We need to shift our thinking not to be only about the virus now. It should be on how we get the economy going. To stop an economy is easier than starting it,” External link

iol Tuesday, April 14, 2020 7:04:00 PM EAT

Mike Schussler says : “On an annualised basis, this will be spread over the first two quarters of the year. Most of this decline will be evident in the second quarter,” “While the third and fourth quarters could see growth again, the catch-up will not be as great. A GDP decline could be on the cards” External link

citizen Wednesday, April 1, 2020 3:47:00 PM EAT

Mike Schussler notes : “No one knows how to price in a lockdown of the global economy” External link

dailymaverick Wednesday, April 1, 2020 1:36:00 AM EAT

Mike Schussler said : “For now, we believe that the financial services sector and the broader banking industry have generated some economic growth. But this is not enough to lift the entire economy out of the woods,” “However, there are indications that the first quarter of 2020 could be a little better than the previous quarter. But this could change because of the coronavirus impact” External link

iol Thursday, March 12, 2020 4:01:00 PM EAT

Mike Schussler said : "This year's budget is going to be harsh," "Other years were tough, but this year will be 'eina'" External link

onlinenigeria Tuesday, February 4, 2020 2:42:00 PM EAT

Mike Schussler said : "This year's budget is going to be harsh," "Other years were tough, but this year will be 'eina'" External link

bulawayo24 Tuesday, February 4, 2020 12:29:00 PM EAT

Mike Schussler said : "We have not been able to grow the tax base because of job losses. South Africa is a country that is not growing jobs. We need to create at least 600 000 jobs a year to make way for the new people entering the job market," External link

irishsun Sunday, February 2, 2020 12:58:00 PM EAT

Mike Schussler said : “Inflation is not likely to be a problem but also if (power utility) Eskom get the R69 billion relief from Nersa then that alone will add at least 1% to inflation directly if not close to 1.5% with a normal increase added,” External link

eyewitness-news Friday, January 10, 2020 10:40:00 PM EAT

Mike Schussler says : “This was expected as the BankservAfrica Economic Transaction Index showed a slowdown,” External link

citizen Wednesday, December 4, 2019 12:06:00 PM EAT

Mike Schussler said : “If the real take-home pay increases at the end of November are anywhere near October’s levels, Black Friday sales will spike significantly,” External link

iol Wednesday, November 27, 2019 6:52:00 PM EAT

Mike Schussler says : “Already other positive signs, such as the increase in tax collections from personal income tax, leaves one optimistic about consumer spending in the last quarter,” External link

iol Wednesday, November 27, 2019 6:52:00 PM EAT

Mike Schussler said : “This is a company that’s deep in financial crisis, the increase is way above inflation and it’s not good for SA,” “The wage agreement looks wishy-washy to me. The workers lost a week’s earnings and they will only get the increase if there’s money in February, but we know there won’t be any money” External link

businessday Sunday, November 24, 2019 6:28:00 PM EAT

Mike Schussler said : “The fact that we are ranked 84 does not bode well. We’ve got to make business confidence go up,” External link

iol Thursday, November 14, 2019 9:49:00 AM EAT

Mike Schussler said : “October’s monthly increase provides a glimmer of hope, but the overall data should not be disregarded,” External link

iol Wednesday, November 13, 2019 3:54:00 PM EAT

Mike Schussler said : “While the long-term trend is lower, the economy is still growing, but at a pace that is lower than the population growth rate,” External link

iol Wednesday, November 13, 2019 3:54:00 PM EAT

Mike Schussler told : "The storage decline indicates that consumers and factories in SA are under a lot of pressure and the business sector is reflecting that. Businesses simply don't want to be caught with too much stock on hand. You can see it in all the specials on currently," External link

polandsun Saturday, November 2, 2019 6:19:00 PM EAT

Mike Schussler told : "The storage decline indicates that consumers and factories in SA are under a lot of pressure and the business sector is reflecting that. Businesses simply don't want to be caught with too much stock on hand. You can see it in all the specials on currently," External link

irishsun Saturday, November 2, 2019 6:14:00 PM EAT

Mike Schussler said : “The shops won’t be able to buy from the wholesalers; the wholesalers won’t be able to buy from manufacturers. It will have a very big negative impact on our economy,” External link

businessday Monday, October 14, 2019 5:32:00 PM EAT

Mike Schussler said : “Companies are required to spend a lot of money for security, which is not the case all over the world,” External link

businessday Wednesday, October 9, 2019 8:52:00 PM EAT

Mike Schussler says : “High incidences of sexual violence make SA a less attractive place for female-orientated enterprises and female entrepreneurs,” External link

businessday Wednesday, October 9, 2019 8:52:00 PM EAT

Mike Schussler said : “I don’t think it’s going to have a big impact because a one-day strike does not have a big impact,” External link

iol Sunday, September 29, 2019 6:48:00 PM EAT

Mike Schussler said : “A one-day strike wouldn’t be a problem anyway,” External link

citizen Friday, September 27, 2019 2:49:00 AM EAT

Mike Schussler said : "I am worried people might be using their pensions quicker than they should and that might bite them later," "But at least the South African private pensioner is able to pay themselves an increase above inflation in the short term" External link

news24 Saturday, August 31, 2019 12:32:00 PM EAT

Mike Schussler said : “I have sympathy for them, but they got increases when the company was not performing well. Now they are running at a R30 billion loss and they just dialled up another R8 billion from the taxman. Eskom employees have been the best-paid employees anywhere outside the financial sector. Statistics show us that,” External link

citizen Monday, August 5, 2019 8:51:00 AM EAT

Mike Schussler said : “Nothing is happening at any speed,” External link

businessday Saturday, July 27, 2019 11:26:00 AM EAT

Mike Schussler said : "Nothing is happening at any speed," External link

irishsun Friday, July 26, 2019 3:24:00 PM EAT

Mike Schussler said : “Nothing is happening at any speed,” External link

news-yahoo Friday, July 26, 2019 12:55:00 PM EAT

Mike Schussler said : “Nothing is happening at any speed,” External link

news-yahoo Friday, July 26, 2019 12:55:00 PM EAT

Mike Schussler said : “Nothing is happening at any speed,” External link

miningweekly Friday, July 26, 2019 11:22:00 AM EAT

Mike Schussler says : "Economic transactions during this quarter indicate a massive bounce back for the SA economy after the disastrous first three months of 2019," External link

irishsun Wednesday, July 10, 2019 9:47:00 PM EAT

Mike Schussler explains : "Still, the minor slowdown in economic activity in June 2019 indicates that the downward phase of the business cycle is not over yet and that the economy is still not on a major growth path. Looking at the length of the economic downward phase, South Africa has now underperformed for five and a half years, which is leaving some more structural impacts," "While the need for infrastructure spend is clearly evident, it is now less likely to happen as the slower economy leaves less money for infrastructure investment from reduced taxes collected. Smaller profits are also leading to corporates unable to set aside enough funds for improvements to their infrastructure" External link

irishsun Wednesday, July 10, 2019 9:47:00 PM EAT

Mike Schussler said : “It just doesn’t feel right because of the bad news we hear,” “It’s a very difficult set of numbers to reconcile with the current economic climate, the other data releases we receive from Stats SA and the Reserve Bank” External link

citizen Wednesday, June 26, 2019 9:42:00 AM EAT

Mike Schussler said : “These are the industries which are feeling the pain,” External link

citizen Wednesday, June 26, 2019 9:42:00 AM EAT

Mike Schussler says : “We are going to damage our relations with the rest of Africa,” “We are going to damage the one part of our economy that has been growing its exports vigorously despite the downturn in African growth rates into Africa” External link

citizen Wednesday, June 12, 2019 10:24:00 AM EAT

Mike Schussler said : “It could be double the amount if the cost of goods looted during the attacks is included,” External link

iol Sunday, June 9, 2019 6:26:00 PM EAT

Mike Schussler said : “I believe it is a ruse that trucks were being attacked because foreigners were driving them. Many of the drivers lying in hospitals are South Africans. When you strike, you don’t kill and destroy. It is usually about wages. This is pure economic terrorism” External link

iol Sunday, June 9, 2019 6:26:00 PM EAT

Mike Schussler said : “It’s a big decline in our GDP but these results are a true reflection of what is happening in our economy with the load shedding problems at Eskom which affected the manufacturing industry and other industries, as well as the ongoing strikes in the mining sector,” External link

citizen Wednesday, June 5, 2019 5:05:00 PM EAT

Mike Schussler said : “We should be locking up a lot more of people [who are involved in corruption] - because this is really enslavement of us as citizens now South Africans will continue to be poor,” “We need this economy to grow and we cannot talk about another commission” External link

mg Tuesday, June 4, 2019 3:15:00 PM EAT

Mike Schussler said : “Robots have been with us for years, and instead of simply being afraid of jobs being replaced by machines we should take note of the myriad of new jobs that have already been created by the 4th industrial revolution businesses, such as Airbnb, Uber, and Taxify. What we see, is, in fact, a service revolution,” External link

citizen Saturday, May 18, 2019 4:55:00 PM EAT

Mike Schussler explicou : "Estivemos em um ambiente de muito pouco crescimento. Acredito que isso tem a ver com a liderança econômica do país, com os políticos, mas também com a confiança empresarial, que foi negativa na maior parte da última década" External link

uol Saturday, May 4, 2019 3:49:00 AM EAT

Mike Schussler said : “Sars would have to not just collect debt but also collect tax from politically connected people,” External link

citizen Tuesday, April 2, 2019 12:07:00 PM EAT

Mike Schussler said : “No modern economy can operate without power,” External link

bloomberg Tuesday, February 12, 2019 12:51:00 PM EAT

Mike Schussler said : “Some salary increases were above 7 percent, which after tax and inflation would have resulted in an estimated 1.8 percent in real after-inflation terms. Many private sector firms, however, remain under pressure resulting in less than inflation increases. Many employees are struggling to maintain their standard of living,” External link

iol Thursday, January 24, 2019 7:33:00 AM EAT

Mike Schussler said : “It is clear that pensioners are going to become even more important in the South African economy. With pensions growing at almost double the take-home pay rate, and more than double the working age proportion of the population, pensioners will become more important from a retail sales point-of-view,” External link

iol Thursday, January 24, 2019 7:33:00 AM EAT

Mike Schussler said : “The headline numbers look good, but if you look at the broader data, which includes the number of people that started school, it is probably closer to 40%,” External link

businessday Friday, January 4, 2019 11:29:00 AM EAT

Mike Schussler said : “The problem worldwide is that when people finish school, they’re estimated to be semi-skilled but we don’t fully understand that and make an effort to develop those skills through technical colleges and trades,” External link

businessday Friday, January 4, 2019 11:29:00 AM EAT

Mike Schussler said : “Agriculture is sure to put pressure on economic growth and, with these price hikes ahead, the consumer will be put under pressure,” “We see investment all the time, with South African investors going overseas and foreign investors investing in South Africa, but it’s going to be tough and uphill battle on the investment side” External link

citizen Monday, December 31, 2018 10:16:00 AM EAT

Mike Schussler said : “We won’t see more jobs unless these sectors grow more,” External link

businessday Tuesday, December 11, 2018 6:56:00 PM EAT

Mike Schussler said : "This change is the result of a very weak July 2016 which saw the transaction values fall out of the current annual numbers. Therefore, the annual increase is a 'base effect' that lifts the actual index numbers above last year's lows" External link

iol Friday, August 11, 2017 8:15:00 AM EAT

Mike Schussler concluded : "There is hope that further interest rate reductions will boost consumer confidence and a better understanding of the economic situation by policymakers will help the South African economy," External link

iol Friday, August 11, 2017 8:15:00 AM EAT

Mike Schussler explained : “This change is the result of a very weak July 2016 which saw the transaction values fall out of the current annual numbers. Therefore, the annual increase is a ‘base effect’ that lifts the actual index numbers above last year’s lows,” External link

news24 Thursday, August 10, 2017 4:22:00 PM EAT

Mike Schussler said : "They will buy cheap, because their outlook is rather shorter term," External link

news24 Thursday, August 10, 2017 4:22:00 PM EAT

Mike Schussler said : "The uncertainty created in the run-up to the downgrades and the changing of the minister of finance, has grabbed hold of SA businesses and creates a problem for all of us. Everybody rather buys something they can pay off in two to three months than taking on long term repayments," "They are watching their costs and do not want to take on more risk" External link

news24 Thursday, August 10, 2017 4:22:00 PM EAT

Mike Schussler said : “It is unlikely that consumer sentiment will recover soon with real salaries declining rapidly and for this length of time. Real retail sales will remain under pressure and consumers will think twice before taking on any new debt or making any durable purchase‚” External link

thetimes-za Tuesday, February 28, 2017 1:37:00 AM EAT

Mike Schussler said : “Nonetheless‚ the average take-home salary is constrained as observed in the retail‚ domestic tourism and vehicle sales‚ as well as for telecommunications services. All of these sectors combined reflect slower consumer spending‚” External link

thetimes-za Tuesday, February 28, 2017 1:37:00 AM EAT

Mike Schussler said : “While this increase is minor‚ it is better than the last few months and may represent a small recovery for the average individual‚” External link

thetimes-za Tuesday, February 28, 2017 1:37:00 AM EAT

Mike Schussler said : “Real-time transaction clearings were up 36% in nominal terms. It is in all likelihood that this reflects the change in which people transact. Real-time transactions are gaining ground very rapidly in the South African payments system,” External link

news24 Monday, February 13, 2017 6:17:00 PM EAT

Mike Schussler said : "There is no doubt that most consumers were under pressure for most of 2016 and parts of 2015. The December BDSI suggests that this will continue in the first quarter of 2017 as overall consumer expenditure is expected to remain subdued with lower than inflation salaries likely to continue in the next few months," External link

news24 Tuesday, January 31, 2017 4:28:00 PM EAT

Mike Schussler said : “It’s a very hard and harsh situation for most consumers,” External link

iol Saturday, November 19, 2016 11:41:00 AM EAT

Mike Schussler said : “Every time we get to this place‚ we get tax increases and the middle and top are getting squeezed. They (middle class) are not getting back what they should be getting back‚” External link

thetimes-za Wednesday, October 26, 2016 8:37:00 PM EAT

Mike Schussler said : “That’s a big concern of mine. We’ve had almost R43 billion in tax increases‚” External link

thetimes-za Wednesday, October 26, 2016 8:37:00 PM EAT

Mike Schussler said : "In the second quarter of 2016 the final consumption expenditure by households increased by 1% year-on-year (y/y), while total domestic expenditure decreased by -0.5% y/y," "Other than early last year, when government - the largest employer in the data - delayed salary adjustments for three months, there are no examples in the recent past of such slow nominal growth in average disposable salaries" External link

allafrica Thursday, September 29, 2016 2:07:00 PM EAT

Mike Schussler said : "I think if we did not have private pensions, retail sales would not have increased. Pensioners are playing a big role. They bring another angle to the economy. It is, therefore, very important that pensioners get their money and spend it," "I think pensioners have been a long forgotten section and those with private pensions are coming into their own. That says something of SA's financial maturity. Pensioners are important and making things happen more and more. Retailers will have to adjust their approach for them" External link

allafrica Thursday, September 29, 2016 2:07:00 PM EAT

Mike Schussler said : "While household consumption expenditure is still slightly positive, it is clear that the domestic economy is being kept alive by the increases that pensioners are getting rather than the salaries," External link

allafrica Thursday, September 29, 2016 2:07:00 PM EAT

Mike Schussler said : "So, it is currently a good news story for pensioners, while hard economic times are putting pressure on salaries," External link

allafrica Thursday, September 29, 2016 2:07:00 PM EAT

Mike Schussler said : “In the second quarter of 2016 the final consumption expenditure by households increased by 1% year-on-year (y/y), while total domestic expenditure decreased by -0.5% y/y,” “Other than early last year, when government the largest employer in the data delayed salary adjustments for three months, there are no examples in the recent past of such slow nominal growth in average disposable salaries” External link

news24 Wednesday, September 28, 2016 9:32:00 PM EAT

Mike Schussler said : "I think if we did not have private pensions, retail sales would not have increased. Pensioners are playing a big role. They bring another angle to the economy. It is, therefore, very important that pensioners get their money and spend it," "I think pensioners have been a long forgotten section and those with private pensions are coming into their own. That says something of SA's financial maturity. Pensioners are important and making things happen more and more. Retailers will have to adjust their approach for them" External link

news24 Wednesday, September 28, 2016 9:32:00 PM EAT

Mike Schussler said : “While household consumption expenditure is still slightly positive, it is clear that the domestic economy is being kept alive by the increases that pensioners are getting rather than the salaries,” External link

news24 Wednesday, September 28, 2016 9:32:00 PM EAT

Mike Schussler said : "So, it is currently a good news story for pensioners, while hard economic times are putting pressure on salaries," External link

news24 Wednesday, September 28, 2016 9:32:00 PM EAT

Mike Schussler says : “In the second quarter of 2016, the final consumption expenditure by households increased by 1 percent year-on-year while total domestic expenditure decreased by 0.5 percent year-on-year,” External link

iol Wednesday, September 28, 2016 2:09:00 PM EAT

Mike Schussler says : “Other than early last year, when government the largest employer in the data delayed salary adjustments for three months, there are no examples in the recent past of such slow nominal growth in average disposable salaries,” External link

iol Wednesday, September 28, 2016 2:09:00 PM EAT

Mike Schussler said : "Yes, it is good news, but - and this is the big problem - the economy is already far weaker in the third quarter and we need to also understand that with a population growth at 1.7% we are growing far slower than that on a year-on-year basis," External link

news24 Tuesday, September 6, 2016 4:49:00 PM EAT

Mike Schussler said : "Yes, it is good news, but - and this is the big problem - the economy is already far weaker in the third quarter and we need to also understand that with a population growth at 1.7% we are growing far slower than that on a year-on-year basis," External link

dailymaverick Tuesday, September 6, 2016 3:01:00 PM EAT

Mike Schussler said : "Yes, it is good news, but - and this is the big problem - the economy is already far weaker in the third quarter and we need to also understand that with a population growth at 1.7%, we are growing far slower than that on a year-on-year basis," External link

news24 Tuesday, September 6, 2016 2:44:00 PM EAT

Mike Schussler said : "Yes, it is good news, but - and this is the big problem - the economy is already far weaker in the third quarter and we need to also understand that with a population growth at 1.7% we are growing far slower than that on a year-on-year basis," External link

news24 Tuesday, September 6, 2016 2:44:00 PM EAT

Mike Schussler says : "I think it’s a very big concern for the rating agencies and that should be even bigger concern because that could get us a longer term downgrade" External link

eyewitness-news Thursday, August 25, 2016 10:49:00 AM EAT

Mike Schussler said : “This data shows there is a broader slowdown among all of the country’s main economic sectors at present,” External link

news24 Friday, August 12, 2016 10:46:00 AM EAT

Mike Schussler said : "Right through the economy we are getting the impression the bounce back of April and June has disappeared. It looks like we have another bad month and not a courageous start to the third quarter," External link

news24 Friday, August 12, 2016 10:46:00 AM EAT

Mike Schussler said : "I am very concerned. I do not think the SA economy has any direction. You can have business confidence up one month, but then, the next month it goes down again. Economic activity is not enough to give hope for job seekers," "Even the actual number of transactions fell. Of course it is not the alpha and omega, but it says people are no longer that active in the economic arena as before. I think the 0% growth forecast by Sarb is very apt" External link

news24 Friday, August 12, 2016 10:46:00 AM EAT

Mike Schussler said : “The higher interest rates and slow economic growth is slowing consumer spending, which will in all likelihood continue in the short-term,” External link

news24 Friday, August 12, 2016 10:46:00 AM EAT

Mike Schussler said : “This data shows there is a broader slowdown among all of the country’s main economic sectors at present,” External link

iol Friday, August 12, 2016 9:14:00 AM EAT

Mike Schussler said : “The higher interest rates and slow economic growth is slowing consumer spending, which will, in all likelihood, continue in the short-term” External link

iol Friday, August 12, 2016 9:14:00 AM EAT

Mike Schussler says : “This data shows there is a broader slowdown amongst all of the country’s main economic sectors at present,” External link

iol Thursday, August 11, 2016 3:26:00 PM EAT

Mike Schussler said : “What we are seeing at the moment is the ‘hustle factor’ whereby in some cases motorists have to drive around a bit before finding fuel,” “At the moment the guys who will feel the effect of the strike most are the workers who will not be able to pay their way come end of the month” External link

iol Thursday, August 11, 2016 9:16:00 AM EAT

Mike Schussler explained : "Retail sales for May astounded and manufacturing is showing signs of picking up after five years of rand weakness. The patient is out of the intensive care unit, but still in hospital," External link

news24 Wednesday, July 13, 2016 11:41:00 PM EAT

Mike Schussler explained : "The economy is not shrinking anymore, but we are not growing it fast enough for the average person to feel the benefit. Yes, there are some parts of the economy which are looking better, but others are not. There is just no spark lighting a fire under the SA economy and no evidence to suggest we are close to an upswing," External link

news24 Wednesday, July 13, 2016 11:41:00 PM EAT

Mike Schussler said : "It is difficult to gage the direction of this economy other than to say it is still a weak economy. The political situation also seems to cause people not to be willing to put big money down at the moment," "While the data shows no major signs of growth, there are indications that the major month-on-month declines are losing impetus with positive increases in every second month’s reading. Long struggling sectors, such as manufacturing, are showing signs of a slight pick-up, while the declining car sales record indicates a distressed market" External link

news24 Wednesday, July 13, 2016 11:41:00 PM EAT

Mike Schussler says : “This month’s data reflects the extent of the volatility within the economy where some sectors, such as manufacturing, are showing signs of a slight pick-up, while the declining car sales records paint a picture of a distressed market,” External link

iol Wednesday, July 13, 2016 12:14:00 PM EAT

Mike Schussler adds : “Overall, this means there has been a marginal economic uptick, while remaining volatile,” External link

iol Wednesday, July 13, 2016 12:14:00 PM EAT

Mike Schussler said : “The higher monthly average trend is likely to continue, in line with the anticipated public sector wage increases,” External link

news24 Wednesday, June 22, 2016 2:13:00 PM EAT

Mike Schussler explained : “This typical take home salary grew below inflation for the second time this year, reflecting that the lower inflation rate of 2015 is having an impact on the typical take-home pay as present inflation is far higher than the 4.6% average seen last year,” External link

news24 Wednesday, June 22, 2016 2:13:00 PM EAT

Mike Schussler said ( about Denmark Sweden ) : “South Africa is like the outside friend in a divorce. We like both parties, but it is unsure how we can still be friends after the separation papers are signed. And we have just signed agreements with the couple and now they could be splitting up. What is going to affect us the most is how the rules in those agreements are going to change. Also this divorce could start some more divorces. Denmark, Sweden and Norway are watching this referendum very closely,” External link

iol Tuesday, June 21, 2016 10:47:00 AM EAT

Mike Schussler said : “In the main, the decisive measures that the rating agencies want, many of them we are not going to be able to get very quickly,” External link

bloomberg Thursday, June 16, 2016 9:46:00 AM EAT

Mike Schussler said : “In the main, the decisive measures that the rating agencies want, many of them we are not going to be able to get very quickly,” External link

mineweb Tuesday, June 14, 2016 6:12:00 PM EAT

Mike Schussler said : “In the main, the decisive measures that the rating agencies want, many of them we are not going to be able to get very quickly,” External link

iol Tuesday, June 14, 2016 12:08:00 PM EAT

Mike Schussler said : “In the main, the decisive measures that the rating agencies want, many of them we are not going to be able to get very quickly,” External link

news24 Tuesday, June 14, 2016 9:06:00 AM EAT

Mike Schussler said : “This is a radical structural shift for South Africa” External link

bloomberg Monday, June 13, 2016 9:32:00 AM EAT

Mike Schussler explained : "Various data is showing that things are not looking good for the second quarter. It is likely that SA's growth might decline for 2016 or be zero. This will impact the next Fitch rating," "Business confidence data shows a 7-year low and the Beti also shows things are not going well in the SA economy. Other bad news include car sales which declined by double digits in May compared to a year ago" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "Even the average Chinese is now richer than us. We have fallen behind most of the world since 2009. We have added too many rules and rules do not create wealth, but rather more chances of corruption," "We do not realise the number of rules and regulations has put SA out of sync with our developmental status. We shoot ourselves in the foot with these rules. This not only relates to labour unions, but even to rules of professional bodies. In many circles there is a realisation that SA is in a serious situation, but not all understand this" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "We still have time to turn things around. Then we may have a chance to avoid a further downgrade. At this time, however, I do not think we have a big chance of avoiding it though," "We need proper controls of state owned enterprises (SOEs) to show there is no state capture. There should also be a focus on labour so that small and medium enterprises (SMEs) can grow. SA is futher more, still under pressure because of commodity prices and another piece of evidence is the decline in export containers going through Portnet harbours, showing the biggest decline ever" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "We have to get things going. We have to point out that we have an economy that is very modern in Africa. Fitch praised our institutions for still standing strong, but they are under pressure. We must appreciate that our Public Protector, the Minister of Finance, Treasury and our justice system are resisting pressure," "We have to make sure businesses can make a profit in this country. Profit is not a swear word. The richest countries have always been capitalist in nature. But we cannot create the European red tape in a country where we do not have the European skills" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "The bullet is not through the head yet. The ratings downgrade has not happened yet, but we need to be aware as a country that we have veered so far away from normal economic policies that we need plans to become a lot more responsive to economic conditions," "We cannot just rely on Government to create jobs. We must also get the rules and regulations right to make businesses feel comfortable so that when they do create jobs, they do not feel the pressure from everyone criticising them" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "The 8.7% increase is 2.4% higher than the inflation rate and may just help keep retail sales and other consumer consumption expenditure higher than initially thought," External link

news24 Wednesday, May 25, 2016 11:19:00 PM EAT

Mike Schussler said : "Most are talking about oil going down again, but the good days of a very low petrol price and the boost to this economy are over, although, of course the lower oil price will still help our current account with the rest of the world," External link

news24 Thursday, February 26, 2015 7:41:00 PM EAT

Mike Schussler said : "Of R570 per month in savings about R280 will be gone between February and April. It seems that the RAF has a big final hole in it and needs the extra 50 cents or about R11bn to close some gaps," "I doubt that will be the last increase for the RAF, but hopefully they can at least catch up on some payments to injured people and hospitals. Better management of funds here is also key or we could get another nasty here in a few years' time" External link

news24 Thursday, February 26, 2015 7:41:00 PM EAT

Mike Schussler said : “It will help Eskom, but it will not help the country. It will increase our inflation and it will make it hard for us to compete with the rest of the world,” External link

iol Wednesday, February 4, 2015 9:28:00 AM EAT

Mike Schussler said : "Bad management and non-payers are making honest citizen pay more. That is not acceptable and undermines the morale of the paying public," "The government needs to step in and make huge examples of non-payers, but it is probably scared to do so. If this non-payment continues, it increases the risk that more and more people will not pay and illegal connections may then become bigger than legal connections" External link

news24 Wednesday, February 4, 2015 7:54:00 AM EAT

Mike Schussler said : "If all the users paid, Eskom would have some more money to do things to avoid load shedding - not all the time but we would have it less often. Eskom would then also have more money for things like diesel," "If one looks at the total debt of municipalities that customers owe - from government to households - for over 90 days (when debt is considered bad debt) it is now R75bn and another R4bn is over 60 days old. That is 27.5% of total money going into municipalities" External link

news24 Wednesday, February 4, 2015 7:54:00 AM EAT

Mike Schussler said ( about Cape Argus ) : “As I look at it, Cape Town is becoming more and more dependent on tourism… (The Waterfront) is a really great tourism attraction and an important cog in our economy, not only in Cape Town but in South Africa,” “But the growth is more or less what I would expect” External link

iol Thursday, January 29, 2015 11:12:00 AM EAT

Mike Schussler said : “On average, formal sector workers are therefore seeing a major decline in income when they retire if they are solely reliant on a private pension. This is a sign that retirement savings are not enough for the majority of pensioners,” External link

news24 Wednesday, January 28, 2015 9:32:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
economist38.66%EN09/27/201727/09/2017
chief42.86%EN08/10/201710/08/2017
leading economist1.68%EN12/31/201631/12/2016
director15.13%EN10/19/201619/10/2016
renowned economist1.68%EN05/20/201620/05/2016
Names Lang Count
Mike SchusslerEN46.89%
Mike SchüsslerEN24.29%
Mike SchusslerFR19.21%
Mike SchüsslerAF5.65%
Mike SchüsslerFR3.95%


 
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AfricaBrief

Mike Schussler

Last updated on 2017-04-13T11:07+0300.

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Mike Schussler said : “When you have a holiday on a Tuesday or Wednesday you find people take off extra days and your productivity sinks,” External link

citizen Friday, October 22, 2021 11:30:00 AM EAT

Mike Schussler said : “It appears August 2021 was a catch-up after July’s unrest, and September’s data is a return to the usual trends,” External link

iol Friday, October 15, 2021 4:16:00 PM EAT

Mike Schussler said : "We want to be like Europe when we don't have the income or tax base. It's not possible" External link

news24 Thursday, October 14, 2021 10:45:00 PM EAT

Mike Schussler said ( about Kwazulu Natal ) : “The lockdown period has shown us that the salary movements are usually reflected in our data sooner than retrenchments, which feature about a month later. On this basis, we conclude that the number of salaries paid in August 2021 is a clear reflection of the payroll numbers during July when the unrest, mostly in KwaZulu-Natal and Gauteng, occurred,” External link

iol Monday, October 4, 2021 10:07:00 AM EAT

Mike Schussler said : “The total private pensions paid was R6.1 billion in August, becoming the third consecutive month that the total pensions paid were over R6bn in the month,” External link

iol Monday, October 4, 2021 10:07:00 AM EAT

Mike Schussler added : “I am worried about the future of my country. Any businessman is in it to make money, not to rip off everybody, so he could pay their workers, shareholders and banks. With the high cost of electricity and unreliable power, it becomes more difficult to make money. I would have thought this would be fixed by now but no,” External link

citizen Thursday, June 10, 2021 12:26:00 AM EAT

Mike Schussler said : “But if you have load shedding for a few weeks then you start feeling the pain. And I think that’s where we are heading to now,” External link

citizen Friday, June 4, 2021 10:53:00 PM EAT

Mike Schussler said : "Our April 2021 data, which under-represents small firms and does not measure the informal market, shows the private sector is 'normalising' in salary and employment terms. Although our data cannot project the unemployment rates, we are convinced that large private sector employment is close to recovery at 95% and returning to levels before the pandemic," External link

news24 Wednesday, May 26, 2021 8:51:00 PM EAT

Mike Schussler said : “The economy is indeed recovering, but its levels this year are unlikely to surpass the previous high GDP (gross domestic product) level in 2019. More certain, however, is that the recovery is at a rate faster than one would have expected,” External link

iol Thursday, May 13, 2021 12:53:00 PM EAT

Mike Schussler said : “I think the first-quarter GDP number will be stronger than most expect… it will be a positive number looking at retail sales and other data,” External link

dailymaverick Wednesday, May 12, 2021 1:18:00 AM EAT

Mike Schussler said : “In March 2021, we are seeing a small increase in the number of weekly and monthly take-home payments while daily payments continue on a declining trend,” External link

iol Thursday, April 29, 2021 1:52:00 PM EAT

Mike Schussler said : “Crime requires more money to be spent on security. There needs to be a proper education, health and policing system. This is so more can be spent on productive things in our economy,” External link

iol Saturday, March 27, 2021 11:18:00 AM EAT

Mike Schussler said : “It is still a very, very big decline and the value added from the non-financial private sector is lower than at any time since 2012. I think we will only get back to pre-pandemic levels of output in 2023 or 2024,” External link

dailymaverick Wednesday, March 10, 2021 9:47:00 AM EAT

Mike Schussler said : “It is still a very, very big decline and the value added from the non-financial private sector is lower than at any time since 2012. I think we will only get back to pre-pandemic levels of output in 2023 or 2024,” External link

dailymaverick Wednesday, March 10, 2021 2:21:00 AM EAT

Mike Schussler said : “This budget has a lot of PR. We will not turn at 89% debt to GDP,” External link

dailymaverick Wednesday, February 24, 2021 6:22:00 PM EAT

Mike Schussler notes : “no salary increases will mean cuts in real terms” External link

dailymaverick Monday, February 22, 2021 2:20:00 AM EAT

Mike Schussler said : “Although Ters payments applications closed in September, it reopened in November for October applications to assist industries feeling the brunt of the lockdown impact. These payments were still being paid in December,” External link

iol Thursday, January 28, 2021 5:14:00 PM EAT

Mike Schussler says : “Therefore, along with tax relief and suspended pension fund contributions, the total take-home pay in the BTPI does not yet reflect the reality of the overall employment situation,” External link

citizen Wednesday, January 27, 2021 5:35:00 PM EAT

Mike Schussler agreed : “We knew a vaccine was coming, we may not have known when – and that’s what I don’t understand... the Department of Health should have made Treasury aware of that” External link

eyewitness-news Wednesday, January 20, 2021 5:58:00 PM EAT

Mike Schussler said : “If we increase taxes, it is really going to hurt – in a time when many have lost their jobs, businesses have been locked down and we have load shedding. So, to increase taxes on top of that will be very difficult for the economy” External link

eyewitness-news Tuesday, January 19, 2021 11:36:00 PM EAT

Mike Schussler said : "This is not a time to fund a basic income grant. We need to find a way to start more businesses and to make businesses comfortable so that we can create more jobs. That is a more sustainable way to support the vulnerable, give them jobs," External link

news24 Saturday, January 9, 2021 12:50:00 AM EAT

Mike Schussler said : “The current R28 pm fee would add at least 10% to about half of all cellphone subscribers costs. That would defeat the object of cheaper data etc.,” External link

iol Friday, January 8, 2021 10:04:00 AM EAT

Mike Schussler says : “As the graph shows it was the biggest decline on record in fuel volumes (as based on tax collection data), but the bounceback is making up for some lost ground,” External link

dailymaverick Tuesday, December 8, 2020 4:49:00 AM EAT

Mike Schussler said : “is only good for bulk commodities, such as chrome, coal, iron ore and manganese, but proving very slow … compared to trucks, which are more costly” External link

citizen Tuesday, December 1, 2020 1:00:00 PM EAT

Mike Schussler said : “At the start of the Covid-19 lockdown, daily and weekly workers were hurt the most with salary numbers dropping to extremely low levels,” “This is similar to what is being experienced around the world where lower-end income earners were hit the hardest” External link

iol Thursday, November 26, 2020 10:58:00 AM EAT

Mike Schussler says : "At the start of the Covid-19 lockdown, daily and weekly workers were hurt the most with salary numbers dropping to extremely low levels," External link

news24 Wednesday, November 25, 2020 4:33:00 PM EAT

Mike Schussler said : “That would increase interest rates even more,” External link

citizen Tuesday, November 24, 2020 10:23:00 AM EAT

Mike Schussler says : “This is certainly unusual; we believe this increase was largely driven by the COVID-19 Social Relief Distress special grant pay-outs and some COVID-19 UIF TERS payments,” External link

iol Thursday, November 12, 2020 11:12:00 AM EAT

Mike Schussler explains : “The total in extra payments is estimated to be around 5% of the cumulative transactions that make-up the BETI over the last five months. So, while the income stream share was 12%, the share of the overall BETI was much smaller at around 5% on average,” External link

iol Thursday, November 12, 2020 11:12:00 AM EAT

Mike Schussler adds : “This will not be as significant as the intense lockdown period but the elimination of these extra payments will have a small, yet significantly negative impact on the SA economy” External link

iol Thursday, November 12, 2020 11:12:00 AM EAT

Mike Schussler says : “Overall, October 2020 was a very strong month and provides a good indication that the economy is edging closer to the level it was before the lockdown. However, much of this recovery has been built on government’s support through relief payments. Therefore, this growth may not be sustainable into the long-term when these payments cease,” “Although we expect Q3 2020 GDP growth to be the best on record since 1960, we anticipate a small growth decline in the first part of 2021 due to the retraction of the TERS and SRD pay-outs” External link

iol Thursday, November 12, 2020 11:12:00 AM EAT

Mike Schussler said : “government and the finance ministry are going to have an avalanche of requests in the coming months,” External link

iol Wednesday, October 28, 2020 1:46:00 PM EAT

Mike Schussler said : “government and the finance ministry are going to have an avalanche of requests in the coming months,” External link

dailymaverick Wednesday, October 28, 2020 9:12:00 AM EAT

Mike Schussler said : “I think we are going to see a bigger deficit of 16% and this is going to make it difficult for our finances going forward. That would mean cutting spending and increasing taxes,” External link

iol Wednesday, October 28, 2020 8:35:00 AM EAT

Mike Schussler said : “I think we are going to see a bigger deficit of 16% and this is going to make it difficult for our finances going forward. That would mean cutting spending and increasing taxes,” External link

the-star Wednesday, October 28, 2020 8:09:00 AM EAT

Mike Schussler said : “government and the finance ministry are going to have an avalanche of requests in the coming months” External link

iol Monday, October 26, 2020 4:44:00 PM EAT

Mike Schussler said : “We don’t need any more plans. We have plans, we need to implement them,” External link

iol Sunday, October 11, 2020 9:24:00 AM EAT

Mike Schussler said : “Yes, it will be the worst Christmas in recent years. We must simply do everything to get back to normal. Black Friday has become the best promotional day on SA shopping calender. So whether people buy Coke or cellphones it is needed by all,” “Retailers need people shopping. We still have 14 million people employed. While that is too few, we need to get back to normal as soon as possible” External link

iol Tuesday, October 6, 2020 11:56:00 AM EAT

Mike Schussler said : “Money is funnelled into projects that provide housing and education relief to the impoverished so why do they feel entitled to take that away from someone?” External link

iol Sunday, September 27, 2020 2:39:00 PM EAT

Mike Schussler said : “All in all, we believe the impact on employment will only be seen in the coming months as the UIF TERS payments come to an end, some interim laid-off workers are re-employed and get their income back, and the economy normalises to a certain degree,” External link

iol Friday, September 18, 2020 9:22:00 AM EAT

Mike Schussler said : “A clearer picture of actual take-home pay and pensions will emerge in October and November, when the sizable UIF payments stop and government’s additional Sassa’s relief payments cease,” External link

iol Friday, September 18, 2020 9:22:00 AM EAT

Mike Schussler said : “Manufacturing is part of the productive sector that you need to get going. We have had a very weak rand over much of that time period, so we should have seen more on the export side. Food manufacturing has been good, but the performance in other sectors is dismal. Despite the weaker rand, we are still not competitive. And with load shedding, we can’t really compete,” External link

dailymaverick Friday, September 11, 2020 2:43:00 AM EAT

Mike Schussler said : “The closer to full recovery the economy gets, the slower the recovery process will be,” “It will take some time for the economy to return to its levels before lockdown” External link

businessday Wednesday, September 9, 2020 6:45:00 PM EAT

Mike Schussler said : “There has been a lot of economic damage done during lockdown and with load shedding on top of that, it’s going to take much longer than two years for the economy to recover. Every day of load shedding pushes back a full economic recovery by three days, so this week alone has done three weeks of damage to the economy” External link

iol Saturday, September 5, 2020 4:24:00 PM EAT

Mike Schussler said : “There is really a minimum the government can do, the economy is in deep trouble and we need to reopen it as soon as possible. The most appropriate level to be on is level 0” External link

iol Thursday, August 13, 2020 4:10:00 PM EAT

Mike Schussler said : “What worries me is I don’t think it is going to become policy right now, but all these ideas are floated and become policy down the line in four or five years and then they struggle to implement it because there isn’t money,” “We only have about 7.5million income tax payers in the country and they are already paying the highest income tax to GDP (gross domestic product) in the world,” External link

iol Wednesday, July 15, 2020 1:27:00 PM EAT

Mike Schussler said : “A better idea is to grow the economy and give people jobs. You don’t become rich on welfare, you don’t become a major league player in the world and a great economy on welfare, because eventually you take too much away from the people who are producing, and they produce elsewhere,” External link

iol Wednesday, July 15, 2020 1:27:00 PM EAT

Mike Schussler said : “Media are going to be affected by what’s happening in the economy. If businesses close, they lose money. If they lose money, they don’t have enough money to spend on things like advertising,” External link

iol Tuesday, July 7, 2020 11:43:00 AM EAT

Mike Schussler said : “This is because we have such a weak economy, we are not importing much. If there is no demand people don’t import. Plus the oil price was falling and that is our major commodity import,” External link

dailymaverick Friday, July 3, 2020 12:49:00 AM EAT

Mike Schussler says : “If the real take-home pay increases at the end of November are anywhere near October’s levels, Black Friday sales will spike significantly,” External link

iol Thursday, June 25, 2020 8:11:00 AM EAT

Mike Schussler says : “Already other positive signs, such as the increase in tax collections from personal income tax, leave one optimistic about consumer spending in the last quarter,” External link

iol Thursday, June 25, 2020 8:11:00 AM EAT

Mike Schussler said : “The South African economy shrank at the fastest rate on record in April while March also recorded a significant decline,” “The latest data provides a clear and broad indication of an economic collapse due to the coronavirus pandemic and the subsequent nationwide lockdown” External link

iol Wednesday, June 10, 2020 8:30:00 PM EAT

Mike Schussler commented : "It's going to be better this month (June), as we start to see internal flights," External link

news24 Wednesday, June 10, 2020 6:43:00 AM EAT

Mike Schussler said : “We are probably going to see a bit of a plateau with oil prices,” External link

citizen Wednesday, June 3, 2020 9:07:00 AM EAT

Mike Schussler said : “South Africa cannot afford to have food producers closed for a long time. The country does have relatively good food security, as we produce a lot of our own food. But people need to eat to survive. Bread is a staple and we don’t have diverse enough suppliers to allow for even one bakery to close for a long period,” External link

iol Tuesday, May 26, 2020 6:18:00 PM EAT

Mike Schussler says : “This represents the biggest reduction in repo rates within such a short period, just five months. There have been bigger cumulative rate cuts within a calendar year, but these cuts in total represent something of a record,” “It is very rare to get interest rates this low. Rates are as low as November 1973, but also in close range to the record low of the mid-60s. It is also in line with rates of the 1930s, the time of the world’s Great Depression,” External link

citizen Friday, May 22, 2020 2:42:00 PM EAT

Mike Schussler said : “I understand their position. They were profitable because they could charge what the market could bear, but the problem comes now that all airports, airlines and car rentals are in very deep trouble,” External link

the-star Friday, May 22, 2020 9:39:00 AM EAT

Mike Schussler said : “South Africa cannot afford another bailout. We have given guarantees to Eskom, SAA, the SABC and now Acsa. I think Transnet is going to worry as well, because their harbours and trains are also not as busy as they were before,” External link

the-star Friday, May 22, 2020 9:39:00 AM EAT

Mike Schussler said : “It’s an unusual situation, so let’s give them a loan guarantee, but then we have to get out of some others. It’s either Acsa or SAA, we can’t do all of them. I would rather do Acsa, because they are more profitable,” “There’s going to be a cry for help from most municipalities and SOEs, and even NGOs are struggling, so we really have to look at what is worth saving and what won’t cost us that much but will pay for itself, like those that made a profit before,” External link

the-star Friday, May 22, 2020 9:39:00 AM EAT

Mike Schussler said : “I understand their position. They were profitable because they could charge what the market could bear, but the problem comes now that all airports, airlines and car rentals are in very deep trouble,” External link

iol Wednesday, May 20, 2020 9:01:00 PM EAT

Mike Schussler said : “South Africa cannot afford another bailout. We have given guarantees to Eskom, SAA, the SABC and now Acsa. I think Transnet is going to worry as well, because their harbours and trains are also not as busy as they were before,” External link

iol Wednesday, May 20, 2020 9:01:00 PM EAT

Mike Schussler said : “It’s an unusual situation, so let’s give them a loan guarantee, but then we have to get out of some others. It’s either Acsa or SAA, we can’t do all of them. I would rather do Acsa, because they are more profitable,” “There’s going to be a cry for help from most municipalities and SOEs, and even NGOs are struggling, so we really have to look at what is worth saving and what won’t cost us that much but will pay for itself, like those that made a profit before,” External link

iol Wednesday, May 20, 2020 9:01:00 PM EAT

Mike Schussler says : “The shebeens cannot operate and taxis have fewer passengers. [The] informal [sector] took many hits, while the formal, small and medium [businesses] took bigger hits, with some sectors closed for 57 days – like travel, hotels, B&Bs and the like, while the rest of the economy is on day 47-odd,” External link

citizen Wednesday, May 13, 2020 11:38:00 AM EAT

Mike Schussler says : “The growth in [the trade of black market] cigarettes is not part of the economy, even if it grows,” “I think the informal economy is very important and probably did not see the decline that much as formal businesses did as they are used to operating ‘under the radar’, but I still think this part also declined as some things are just in short supply” External link

citizen Wednesday, May 13, 2020 11:38:00 AM EAT

Mike Schussler said : “I think we are going to look at a hotel industry that is in severe danger of complete collapse. The government should’ve used this opportunity to pay hotel groups something to look after the frail and old,” External link

iol Monday, May 11, 2020 9:58:00 PM EAT

Mike Schussler said : “Media houses are going to be affected by what’s happening in the economy. If businesses close, they lose money. If they lose money, they don’t have enough money to spend on things like advertising,” External link

iol Monday, May 11, 2020 10:21:00 AM EAT

Mike Schussler said : “For the next two to three months, most companies will just focus on staying afloat - recruitments, learnerships and internships won’t start until in July maybe,” External link

iol Saturday, May 2, 2020 4:51:00 PM EAT

Mike Schussler said : “The European Centre for Disease Prevention and Control, the European Union’s public health agency, said last week that child-to-adult transmission ‘appears to be uncommon’,” External link

citizen Saturday, May 2, 2020 8:58:00 AM EAT

Mike Schussler said : “Those facing exams should come next,” External link

citizen Saturday, May 2, 2020 8:58:00 AM EAT

Mike Schussler said : "It's a very, very small step in the right direction, but if we don't open up the economy, we will be punishing the economy for a very long time," External link

polandsun Wednesday, April 29, 2020 11:50:00 PM EAT

Mike Schussler said : "It's a very, very small step in the right direction, but if we don't open up the economy, we will be punishing the economy for a very long time," External link

irishsun Wednesday, April 29, 2020 11:13:00 PM EAT

Mike Schussler says : “If international financial institutions can help and [lend] us the money, we will get far lower interest rates,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler adds : “Also, [US] Federal Reserve swaps are 0.5% – and at fixed exchange rates,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler says : “For SDRs the IMF would want some insight and views into budget and spending. But the days of servicing structural adjustment [programmes] seem long gone,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler says : “The IMF was mainly focused on the balance of payments, but has moved on to other things [since] the Asian financial and 2008/9 crisis,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler says : “We should also then tap foreign normal bond markets from time to time,” External link

citizen Friday, April 24, 2020 1:40:00 PM EAT

Mike Schussler said : "What can we have for businesses to open with the least risk? Because at this point, I don't know which airline or which hotel will be left standing after the lockdown if things continue in this way," External link

irishsun Sunday, April 19, 2020 1:06:00 PM EAT

Mike Schussler warned : “We are probably looking at a decline in GDP of between -6% to -7.5% for the year, with a decline of -25% seasonally adjusted and annualised occurring in the second quarter,” External link

iol Tuesday, April 14, 2020 7:04:00 PM EAT

Mike Schussler said : “We could see a decline of -35% if we are locked down for two months. We need to shift our thinking not to be only about the virus now. It should be on how we get the economy going. To stop an economy is easier than starting it,” External link

iol Tuesday, April 14, 2020 7:04:00 PM EAT

Mike Schussler says : “On an annualised basis, this will be spread over the first two quarters of the year. Most of this decline will be evident in the second quarter,” “While the third and fourth quarters could see growth again, the catch-up will not be as great. A GDP decline could be on the cards” External link

citizen Wednesday, April 1, 2020 3:47:00 PM EAT

Mike Schussler notes : “No one knows how to price in a lockdown of the global economy” External link

dailymaverick Wednesday, April 1, 2020 1:36:00 AM EAT

Mike Schussler said : “For now, we believe that the financial services sector and the broader banking industry have generated some economic growth. But this is not enough to lift the entire economy out of the woods,” “However, there are indications that the first quarter of 2020 could be a little better than the previous quarter. But this could change because of the coronavirus impact” External link

iol Thursday, March 12, 2020 4:01:00 PM EAT

Mike Schussler said : "This year's budget is going to be harsh," "Other years were tough, but this year will be 'eina'" External link

onlinenigeria Tuesday, February 4, 2020 2:42:00 PM EAT

Mike Schussler said : "This year's budget is going to be harsh," "Other years were tough, but this year will be 'eina'" External link

bulawayo24 Tuesday, February 4, 2020 12:29:00 PM EAT

Mike Schussler said : "We have not been able to grow the tax base because of job losses. South Africa is a country that is not growing jobs. We need to create at least 600 000 jobs a year to make way for the new people entering the job market," External link

irishsun Sunday, February 2, 2020 12:58:00 PM EAT

Mike Schussler said : “Inflation is not likely to be a problem but also if (power utility) Eskom get the R69 billion relief from Nersa then that alone will add at least 1% to inflation directly if not close to 1.5% with a normal increase added,” External link

eyewitness-news Friday, January 10, 2020 10:40:00 PM EAT

Mike Schussler says : “This was expected as the BankservAfrica Economic Transaction Index showed a slowdown,” External link

citizen Wednesday, December 4, 2019 12:06:00 PM EAT

Mike Schussler said : “If the real take-home pay increases at the end of November are anywhere near October’s levels, Black Friday sales will spike significantly,” External link

iol Wednesday, November 27, 2019 6:52:00 PM EAT

Mike Schussler says : “Already other positive signs, such as the increase in tax collections from personal income tax, leaves one optimistic about consumer spending in the last quarter,” External link

iol Wednesday, November 27, 2019 6:52:00 PM EAT

Mike Schussler said : “This is a company that’s deep in financial crisis, the increase is way above inflation and it’s not good for SA,” “The wage agreement looks wishy-washy to me. The workers lost a week’s earnings and they will only get the increase if there’s money in February, but we know there won’t be any money” External link

businessday Sunday, November 24, 2019 6:28:00 PM EAT

Mike Schussler said : “The fact that we are ranked 84 does not bode well. We’ve got to make business confidence go up,” External link

iol Thursday, November 14, 2019 9:49:00 AM EAT

Mike Schussler said : “October’s monthly increase provides a glimmer of hope, but the overall data should not be disregarded,” External link

iol Wednesday, November 13, 2019 3:54:00 PM EAT

Mike Schussler said : “While the long-term trend is lower, the economy is still growing, but at a pace that is lower than the population growth rate,” External link

iol Wednesday, November 13, 2019 3:54:00 PM EAT

Mike Schussler told : "The storage decline indicates that consumers and factories in SA are under a lot of pressure and the business sector is reflecting that. Businesses simply don't want to be caught with too much stock on hand. You can see it in all the specials on currently," External link

polandsun Saturday, November 2, 2019 6:19:00 PM EAT

Mike Schussler told : "The storage decline indicates that consumers and factories in SA are under a lot of pressure and the business sector is reflecting that. Businesses simply don't want to be caught with too much stock on hand. You can see it in all the specials on currently," External link

irishsun Saturday, November 2, 2019 6:14:00 PM EAT

Mike Schussler said : “The shops won’t be able to buy from the wholesalers; the wholesalers won’t be able to buy from manufacturers. It will have a very big negative impact on our economy,” External link

businessday Monday, October 14, 2019 5:32:00 PM EAT

Mike Schussler said : “Companies are required to spend a lot of money for security, which is not the case all over the world,” External link

businessday Wednesday, October 9, 2019 8:52:00 PM EAT

Mike Schussler says : “High incidences of sexual violence make SA a less attractive place for female-orientated enterprises and female entrepreneurs,” External link

businessday Wednesday, October 9, 2019 8:52:00 PM EAT

Mike Schussler said : “I don’t think it’s going to have a big impact because a one-day strike does not have a big impact,” External link

iol Sunday, September 29, 2019 6:48:00 PM EAT

Mike Schussler said : “A one-day strike wouldn’t be a problem anyway,” External link

citizen Friday, September 27, 2019 2:49:00 AM EAT

Mike Schussler said : "I am worried people might be using their pensions quicker than they should and that might bite them later," "But at least the South African private pensioner is able to pay themselves an increase above inflation in the short term" External link

news24 Saturday, August 31, 2019 12:32:00 PM EAT

Mike Schussler said : “I have sympathy for them, but they got increases when the company was not performing well. Now they are running at a R30 billion loss and they just dialled up another R8 billion from the taxman. Eskom employees have been the best-paid employees anywhere outside the financial sector. Statistics show us that,” External link

citizen Monday, August 5, 2019 8:51:00 AM EAT

Mike Schussler said : “Nothing is happening at any speed,” External link

businessday Saturday, July 27, 2019 11:26:00 AM EAT

Mike Schussler said : "Nothing is happening at any speed," External link

irishsun Friday, July 26, 2019 3:24:00 PM EAT

Mike Schussler said : “Nothing is happening at any speed,” External link

news-yahoo Friday, July 26, 2019 12:55:00 PM EAT

Mike Schussler said : “Nothing is happening at any speed,” External link

news-yahoo Friday, July 26, 2019 12:55:00 PM EAT

Mike Schussler said : “Nothing is happening at any speed,” External link

miningweekly Friday, July 26, 2019 11:22:00 AM EAT

Mike Schussler says : "Economic transactions during this quarter indicate a massive bounce back for the SA economy after the disastrous first three months of 2019," External link

irishsun Wednesday, July 10, 2019 9:47:00 PM EAT

Mike Schussler explains : "Still, the minor slowdown in economic activity in June 2019 indicates that the downward phase of the business cycle is not over yet and that the economy is still not on a major growth path. Looking at the length of the economic downward phase, South Africa has now underperformed for five and a half years, which is leaving some more structural impacts," "While the need for infrastructure spend is clearly evident, it is now less likely to happen as the slower economy leaves less money for infrastructure investment from reduced taxes collected. Smaller profits are also leading to corporates unable to set aside enough funds for improvements to their infrastructure" External link

irishsun Wednesday, July 10, 2019 9:47:00 PM EAT

Mike Schussler said : “It just doesn’t feel right because of the bad news we hear,” “It’s a very difficult set of numbers to reconcile with the current economic climate, the other data releases we receive from Stats SA and the Reserve Bank” External link

citizen Wednesday, June 26, 2019 9:42:00 AM EAT

Mike Schussler said : “These are the industries which are feeling the pain,” External link

citizen Wednesday, June 26, 2019 9:42:00 AM EAT

Mike Schussler says : “We are going to damage our relations with the rest of Africa,” “We are going to damage the one part of our economy that has been growing its exports vigorously despite the downturn in African growth rates into Africa” External link

citizen Wednesday, June 12, 2019 10:24:00 AM EAT

Mike Schussler said : “It could be double the amount if the cost of goods looted during the attacks is included,” External link

iol Sunday, June 9, 2019 6:26:00 PM EAT

Mike Schussler said : “I believe it is a ruse that trucks were being attacked because foreigners were driving them. Many of the drivers lying in hospitals are South Africans. When you strike, you don’t kill and destroy. It is usually about wages. This is pure economic terrorism” External link

iol Sunday, June 9, 2019 6:26:00 PM EAT

Mike Schussler said : “It’s a big decline in our GDP but these results are a true reflection of what is happening in our economy with the load shedding problems at Eskom which affected the manufacturing industry and other industries, as well as the ongoing strikes in the mining sector,” External link

citizen Wednesday, June 5, 2019 5:05:00 PM EAT

Mike Schussler said : “We should be locking up a lot more of people [who are involved in corruption] - because this is really enslavement of us as citizens now South Africans will continue to be poor,” “We need this economy to grow and we cannot talk about another commission” External link

mg Tuesday, June 4, 2019 3:15:00 PM EAT

Mike Schussler said : “Robots have been with us for years, and instead of simply being afraid of jobs being replaced by machines we should take note of the myriad of new jobs that have already been created by the 4th industrial revolution businesses, such as Airbnb, Uber, and Taxify. What we see, is, in fact, a service revolution,” External link

citizen Saturday, May 18, 2019 4:55:00 PM EAT

Mike Schussler explicou : "Estivemos em um ambiente de muito pouco crescimento. Acredito que isso tem a ver com a liderança econômica do país, com os políticos, mas também com a confiança empresarial, que foi negativa na maior parte da última década" External link

uol Saturday, May 4, 2019 3:49:00 AM EAT

Mike Schussler said : “Sars would have to not just collect debt but also collect tax from politically connected people,” External link

citizen Tuesday, April 2, 2019 12:07:00 PM EAT

Mike Schussler said : “No modern economy can operate without power,” External link

bloomberg Tuesday, February 12, 2019 12:51:00 PM EAT

Mike Schussler said : “Some salary increases were above 7 percent, which after tax and inflation would have resulted in an estimated 1.8 percent in real after-inflation terms. Many private sector firms, however, remain under pressure resulting in less than inflation increases. Many employees are struggling to maintain their standard of living,” External link

iol Thursday, January 24, 2019 7:33:00 AM EAT

Mike Schussler said : “It is clear that pensioners are going to become even more important in the South African economy. With pensions growing at almost double the take-home pay rate, and more than double the working age proportion of the population, pensioners will become more important from a retail sales point-of-view,” External link

iol Thursday, January 24, 2019 7:33:00 AM EAT

Mike Schussler said : “The headline numbers look good, but if you look at the broader data, which includes the number of people that started school, it is probably closer to 40%,” External link

businessday Friday, January 4, 2019 11:29:00 AM EAT

Mike Schussler said : “The problem worldwide is that when people finish school, they’re estimated to be semi-skilled but we don’t fully understand that and make an effort to develop those skills through technical colleges and trades,” External link

businessday Friday, January 4, 2019 11:29:00 AM EAT

Mike Schussler said : “Agriculture is sure to put pressure on economic growth and, with these price hikes ahead, the consumer will be put under pressure,” “We see investment all the time, with South African investors going overseas and foreign investors investing in South Africa, but it’s going to be tough and uphill battle on the investment side” External link

citizen Monday, December 31, 2018 10:16:00 AM EAT

Mike Schussler said : “We won’t see more jobs unless these sectors grow more,” External link

businessday Tuesday, December 11, 2018 6:56:00 PM EAT

Mike Schussler said : "This change is the result of a very weak July 2016 which saw the transaction values fall out of the current annual numbers. Therefore, the annual increase is a 'base effect' that lifts the actual index numbers above last year's lows" External link

iol Friday, August 11, 2017 8:15:00 AM EAT

Mike Schussler concluded : "There is hope that further interest rate reductions will boost consumer confidence and a better understanding of the economic situation by policymakers will help the South African economy," External link

iol Friday, August 11, 2017 8:15:00 AM EAT

Mike Schussler explained : “This change is the result of a very weak July 2016 which saw the transaction values fall out of the current annual numbers. Therefore, the annual increase is a ‘base effect’ that lifts the actual index numbers above last year’s lows,” External link

news24 Thursday, August 10, 2017 4:22:00 PM EAT

Mike Schussler said : "They will buy cheap, because their outlook is rather shorter term," External link

news24 Thursday, August 10, 2017 4:22:00 PM EAT

Mike Schussler said : "The uncertainty created in the run-up to the downgrades and the changing of the minister of finance, has grabbed hold of SA businesses and creates a problem for all of us. Everybody rather buys something they can pay off in two to three months than taking on long term repayments," "They are watching their costs and do not want to take on more risk" External link

news24 Thursday, August 10, 2017 4:22:00 PM EAT

Mike Schussler said : “It is unlikely that consumer sentiment will recover soon with real salaries declining rapidly and for this length of time. Real retail sales will remain under pressure and consumers will think twice before taking on any new debt or making any durable purchase‚” External link

thetimes-za Tuesday, February 28, 2017 1:37:00 AM EAT

Mike Schussler said : “Nonetheless‚ the average take-home salary is constrained as observed in the retail‚ domestic tourism and vehicle sales‚ as well as for telecommunications services. All of these sectors combined reflect slower consumer spending‚” External link

thetimes-za Tuesday, February 28, 2017 1:37:00 AM EAT

Mike Schussler said : “While this increase is minor‚ it is better than the last few months and may represent a small recovery for the average individual‚” External link

thetimes-za Tuesday, February 28, 2017 1:37:00 AM EAT

Mike Schussler said : “Real-time transaction clearings were up 36% in nominal terms. It is in all likelihood that this reflects the change in which people transact. Real-time transactions are gaining ground very rapidly in the South African payments system,” External link

news24 Monday, February 13, 2017 6:17:00 PM EAT

Mike Schussler said : "There is no doubt that most consumers were under pressure for most of 2016 and parts of 2015. The December BDSI suggests that this will continue in the first quarter of 2017 as overall consumer expenditure is expected to remain subdued with lower than inflation salaries likely to continue in the next few months," External link

news24 Tuesday, January 31, 2017 4:28:00 PM EAT

Mike Schussler said : “It’s a very hard and harsh situation for most consumers,” External link

iol Saturday, November 19, 2016 11:41:00 AM EAT

Mike Schussler said : “Every time we get to this place‚ we get tax increases and the middle and top are getting squeezed. They (middle class) are not getting back what they should be getting back‚” External link

thetimes-za Wednesday, October 26, 2016 8:37:00 PM EAT

Mike Schussler said : “That’s a big concern of mine. We’ve had almost R43 billion in tax increases‚” External link

thetimes-za Wednesday, October 26, 2016 8:37:00 PM EAT

Mike Schussler said : "In the second quarter of 2016 the final consumption expenditure by households increased by 1% year-on-year (y/y), while total domestic expenditure decreased by -0.5% y/y," "Other than early last year, when government - the largest employer in the data - delayed salary adjustments for three months, there are no examples in the recent past of such slow nominal growth in average disposable salaries" External link

allafrica Thursday, September 29, 2016 2:07:00 PM EAT

Mike Schussler said : "I think if we did not have private pensions, retail sales would not have increased. Pensioners are playing a big role. They bring another angle to the economy. It is, therefore, very important that pensioners get their money and spend it," "I think pensioners have been a long forgotten section and those with private pensions are coming into their own. That says something of SA's financial maturity. Pensioners are important and making things happen more and more. Retailers will have to adjust their approach for them" External link

allafrica Thursday, September 29, 2016 2:07:00 PM EAT

Mike Schussler said : "While household consumption expenditure is still slightly positive, it is clear that the domestic economy is being kept alive by the increases that pensioners are getting rather than the salaries," External link

allafrica Thursday, September 29, 2016 2:07:00 PM EAT

Mike Schussler said : "So, it is currently a good news story for pensioners, while hard economic times are putting pressure on salaries," External link

allafrica Thursday, September 29, 2016 2:07:00 PM EAT

Mike Schussler said : “In the second quarter of 2016 the final consumption expenditure by households increased by 1% year-on-year (y/y), while total domestic expenditure decreased by -0.5% y/y,” “Other than early last year, when government the largest employer in the data delayed salary adjustments for three months, there are no examples in the recent past of such slow nominal growth in average disposable salaries” External link

news24 Wednesday, September 28, 2016 9:32:00 PM EAT

Mike Schussler said : "I think if we did not have private pensions, retail sales would not have increased. Pensioners are playing a big role. They bring another angle to the economy. It is, therefore, very important that pensioners get their money and spend it," "I think pensioners have been a long forgotten section and those with private pensions are coming into their own. That says something of SA's financial maturity. Pensioners are important and making things happen more and more. Retailers will have to adjust their approach for them" External link

news24 Wednesday, September 28, 2016 9:32:00 PM EAT

Mike Schussler said : “While household consumption expenditure is still slightly positive, it is clear that the domestic economy is being kept alive by the increases that pensioners are getting rather than the salaries,” External link

news24 Wednesday, September 28, 2016 9:32:00 PM EAT

Mike Schussler said : "So, it is currently a good news story for pensioners, while hard economic times are putting pressure on salaries," External link

news24 Wednesday, September 28, 2016 9:32:00 PM EAT

Mike Schussler says : “In the second quarter of 2016, the final consumption expenditure by households increased by 1 percent year-on-year while total domestic expenditure decreased by 0.5 percent year-on-year,” External link

iol Wednesday, September 28, 2016 2:09:00 PM EAT

Mike Schussler says : “Other than early last year, when government the largest employer in the data delayed salary adjustments for three months, there are no examples in the recent past of such slow nominal growth in average disposable salaries,” External link

iol Wednesday, September 28, 2016 2:09:00 PM EAT

Mike Schussler said : "Yes, it is good news, but - and this is the big problem - the economy is already far weaker in the third quarter and we need to also understand that with a population growth at 1.7% we are growing far slower than that on a year-on-year basis," External link

news24 Tuesday, September 6, 2016 4:49:00 PM EAT

Mike Schussler said : "Yes, it is good news, but - and this is the big problem - the economy is already far weaker in the third quarter and we need to also understand that with a population growth at 1.7% we are growing far slower than that on a year-on-year basis," External link

dailymaverick Tuesday, September 6, 2016 3:01:00 PM EAT

Mike Schussler said : "Yes, it is good news, but - and this is the big problem - the economy is already far weaker in the third quarter and we need to also understand that with a population growth at 1.7%, we are growing far slower than that on a year-on-year basis," External link

news24 Tuesday, September 6, 2016 2:44:00 PM EAT

Mike Schussler said : "Yes, it is good news, but - and this is the big problem - the economy is already far weaker in the third quarter and we need to also understand that with a population growth at 1.7% we are growing far slower than that on a year-on-year basis," External link

news24 Tuesday, September 6, 2016 2:44:00 PM EAT

Mike Schussler says : "I think it’s a very big concern for the rating agencies and that should be even bigger concern because that could get us a longer term downgrade" External link

eyewitness-news Thursday, August 25, 2016 10:49:00 AM EAT

Mike Schussler said : “This data shows there is a broader slowdown among all of the country’s main economic sectors at present,” External link

news24 Friday, August 12, 2016 10:46:00 AM EAT

Mike Schussler said : "Right through the economy we are getting the impression the bounce back of April and June has disappeared. It looks like we have another bad month and not a courageous start to the third quarter," External link

news24 Friday, August 12, 2016 10:46:00 AM EAT

Mike Schussler said : "I am very concerned. I do not think the SA economy has any direction. You can have business confidence up one month, but then, the next month it goes down again. Economic activity is not enough to give hope for job seekers," "Even the actual number of transactions fell. Of course it is not the alpha and omega, but it says people are no longer that active in the economic arena as before. I think the 0% growth forecast by Sarb is very apt" External link

news24 Friday, August 12, 2016 10:46:00 AM EAT

Mike Schussler said : “The higher interest rates and slow economic growth is slowing consumer spending, which will in all likelihood continue in the short-term,” External link

news24 Friday, August 12, 2016 10:46:00 AM EAT

Mike Schussler said : “This data shows there is a broader slowdown among all of the country’s main economic sectors at present,” External link

iol Friday, August 12, 2016 9:14:00 AM EAT

Mike Schussler said : “The higher interest rates and slow economic growth is slowing consumer spending, which will, in all likelihood, continue in the short-term” External link

iol Friday, August 12, 2016 9:14:00 AM EAT

Mike Schussler says : “This data shows there is a broader slowdown amongst all of the country’s main economic sectors at present,” External link

iol Thursday, August 11, 2016 3:26:00 PM EAT

Mike Schussler said : “What we are seeing at the moment is the ‘hustle factor’ whereby in some cases motorists have to drive around a bit before finding fuel,” “At the moment the guys who will feel the effect of the strike most are the workers who will not be able to pay their way come end of the month” External link

iol Thursday, August 11, 2016 9:16:00 AM EAT

Mike Schussler explained : "Retail sales for May astounded and manufacturing is showing signs of picking up after five years of rand weakness. The patient is out of the intensive care unit, but still in hospital," External link

news24 Wednesday, July 13, 2016 11:41:00 PM EAT

Mike Schussler explained : "The economy is not shrinking anymore, but we are not growing it fast enough for the average person to feel the benefit. Yes, there are some parts of the economy which are looking better, but others are not. There is just no spark lighting a fire under the SA economy and no evidence to suggest we are close to an upswing," External link

news24 Wednesday, July 13, 2016 11:41:00 PM EAT

Mike Schussler said : "It is difficult to gage the direction of this economy other than to say it is still a weak economy. The political situation also seems to cause people not to be willing to put big money down at the moment," "While the data shows no major signs of growth, there are indications that the major month-on-month declines are losing impetus with positive increases in every second month’s reading. Long struggling sectors, such as manufacturing, are showing signs of a slight pick-up, while the declining car sales record indicates a distressed market" External link

news24 Wednesday, July 13, 2016 11:41:00 PM EAT

Mike Schussler says : “This month’s data reflects the extent of the volatility within the economy where some sectors, such as manufacturing, are showing signs of a slight pick-up, while the declining car sales records paint a picture of a distressed market,” External link

iol Wednesday, July 13, 2016 12:14:00 PM EAT

Mike Schussler adds : “Overall, this means there has been a marginal economic uptick, while remaining volatile,” External link

iol Wednesday, July 13, 2016 12:14:00 PM EAT

Mike Schussler said : “The higher monthly average trend is likely to continue, in line with the anticipated public sector wage increases,” External link

news24 Wednesday, June 22, 2016 2:13:00 PM EAT

Mike Schussler explained : “This typical take home salary grew below inflation for the second time this year, reflecting that the lower inflation rate of 2015 is having an impact on the typical take-home pay as present inflation is far higher than the 4.6% average seen last year,” External link

news24 Wednesday, June 22, 2016 2:13:00 PM EAT

Mike Schussler said ( about Denmark Sweden ) : “South Africa is like the outside friend in a divorce. We like both parties, but it is unsure how we can still be friends after the separation papers are signed. And we have just signed agreements with the couple and now they could be splitting up. What is going to affect us the most is how the rules in those agreements are going to change. Also this divorce could start some more divorces. Denmark, Sweden and Norway are watching this referendum very closely,” External link

iol Tuesday, June 21, 2016 10:47:00 AM EAT

Mike Schussler said : “In the main, the decisive measures that the rating agencies want, many of them we are not going to be able to get very quickly,” External link

bloomberg Thursday, June 16, 2016 9:46:00 AM EAT

Mike Schussler said : “In the main, the decisive measures that the rating agencies want, many of them we are not going to be able to get very quickly,” External link

mineweb Tuesday, June 14, 2016 6:12:00 PM EAT

Mike Schussler said : “In the main, the decisive measures that the rating agencies want, many of them we are not going to be able to get very quickly,” External link

iol Tuesday, June 14, 2016 12:08:00 PM EAT

Mike Schussler said : “In the main, the decisive measures that the rating agencies want, many of them we are not going to be able to get very quickly,” External link

news24 Tuesday, June 14, 2016 9:06:00 AM EAT

Mike Schussler said : “This is a radical structural shift for South Africa” External link

bloomberg Monday, June 13, 2016 9:32:00 AM EAT

Mike Schussler explained : "Various data is showing that things are not looking good for the second quarter. It is likely that SA's growth might decline for 2016 or be zero. This will impact the next Fitch rating," "Business confidence data shows a 7-year low and the Beti also shows things are not going well in the SA economy. Other bad news include car sales which declined by double digits in May compared to a year ago" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "Even the average Chinese is now richer than us. We have fallen behind most of the world since 2009. We have added too many rules and rules do not create wealth, but rather more chances of corruption," "We do not realise the number of rules and regulations has put SA out of sync with our developmental status. We shoot ourselves in the foot with these rules. This not only relates to labour unions, but even to rules of professional bodies. In many circles there is a realisation that SA is in a serious situation, but not all understand this" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "We still have time to turn things around. Then we may have a chance to avoid a further downgrade. At this time, however, I do not think we have a big chance of avoiding it though," "We need proper controls of state owned enterprises (SOEs) to show there is no state capture. There should also be a focus on labour so that small and medium enterprises (SMEs) can grow. SA is futher more, still under pressure because of commodity prices and another piece of evidence is the decline in export containers going through Portnet harbours, showing the biggest decline ever" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "We have to get things going. We have to point out that we have an economy that is very modern in Africa. Fitch praised our institutions for still standing strong, but they are under pressure. We must appreciate that our Public Protector, the Minister of Finance, Treasury and our justice system are resisting pressure," "We have to make sure businesses can make a profit in this country. Profit is not a swear word. The richest countries have always been capitalist in nature. But we cannot create the European red tape in a country where we do not have the European skills" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "The bullet is not through the head yet. The ratings downgrade has not happened yet, but we need to be aware as a country that we have veered so far away from normal economic policies that we need plans to become a lot more responsive to economic conditions," "We cannot just rely on Government to create jobs. We must also get the rules and regulations right to make businesses feel comfortable so that when they do create jobs, they do not feel the pressure from everyone criticising them" External link

news24 Wednesday, June 8, 2016 10:27:00 PM EAT

Mike Schussler said : "The 8.7% increase is 2.4% higher than the inflation rate and may just help keep retail sales and other consumer consumption expenditure higher than initially thought," External link

news24 Wednesday, May 25, 2016 11:19:00 PM EAT

Mike Schussler said : "Most are talking about oil going down again, but the good days of a very low petrol price and the boost to this economy are over, although, of course the lower oil price will still help our current account with the rest of the world," External link

news24 Thursday, February 26, 2015 7:41:00 PM EAT

Mike Schussler said : "Of R570 per month in savings about R280 will be gone between February and April. It seems that the RAF has a big final hole in it and needs the extra 50 cents or about R11bn to close some gaps," "I doubt that will be the last increase for the RAF, but hopefully they can at least catch up on some payments to injured people and hospitals. Better management of funds here is also key or we could get another nasty here in a few years' time" External link

news24 Thursday, February 26, 2015 7:41:00 PM EAT

Mike Schussler said : “It will help Eskom, but it will not help the country. It will increase our inflation and it will make it hard for us to compete with the rest of the world,” External link

iol Wednesday, February 4, 2015 9:28:00 AM EAT

Mike Schussler said : "Bad management and non-payers are making honest citizen pay more. That is not acceptable and undermines the morale of the paying public," "The government needs to step in and make huge examples of non-payers, but it is probably scared to do so. If this non-payment continues, it increases the risk that more and more people will not pay and illegal connections may then become bigger than legal connections" External link

news24 Wednesday, February 4, 2015 7:54:00 AM EAT

Mike Schussler said : "If all the users paid, Eskom would have some more money to do things to avoid load shedding - not all the time but we would have it less often. Eskom would then also have more money for things like diesel," "If one looks at the total debt of municipalities that customers owe - from government to households - for over 90 days (when debt is considered bad debt) it is now R75bn and another R4bn is over 60 days old. That is 27.5% of total money going into municipalities" External link

news24 Wednesday, February 4, 2015 7:54:00 AM EAT

Mike Schussler said ( about Cape Argus ) : “As I look at it, Cape Town is becoming more and more dependent on tourism… (The Waterfront) is a really great tourism attraction and an important cog in our economy, not only in Cape Town but in South Africa,” “But the growth is more or less what I would expect” External link

iol Thursday, January 29, 2015 11:12:00 AM EAT

Mike Schussler said : “On average, formal sector workers are therefore seeing a major decline in income when they retire if they are solely reliant on a private pension. This is a sign that retirement savings are not enough for the majority of pensioners,” External link

news24 Wednesday, January 28, 2015 9:32:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
economist38.66%EN09/27/201727/09/2017
chief42.86%EN08/10/201710/08/2017
leading economist1.68%EN12/31/201631/12/2016
director15.13%EN10/19/201619/10/2016
renowned economist1.68%EN05/20/201620/05/2016
Names Lang Count
Mike SchusslerEN46.89%
Mike SchüsslerEN24.29%
Mike SchusslerFR19.21%
Mike SchüsslerAF5.65%
Mike SchüsslerFR3.95%


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