For our latest forecast (January 2020) of the South Africa economy for the calendar years 2020 and 2021, see under the tab Economic Forecasts.


Senior Consultants

Director of Research: Michael Holland

Mike Holland is an economist with extensive experience in economic and financial analysis specialising in industrial organisation theory and competition policy and regulation. He is an adjunct faculty lecturer in economics at the Gordon Institute of Business Science (GIBS).

He has also lectured at the University of Johannesburg, University of Pretoria and at the South African campus of Bond University, Australia. Prior business experience includes Head of Research and Development in the treasuries of Rand Merchant Bank and First National Bank, and Dean of the RMB Academy, the Training Division of the bank. Previous positions include Financial Planning Manager for FNB and Barclays National Bank, a Financial Planning Manager for a U.K. Conglomerate and as an economist in the U.K. Motor Industry. He holds a B.Sc. Honours Degree in Economics from the University of London and a M.Sc. from the City University, London.

Professor Jannie Rossouw

Jannie Rossouw is the Head of School, School of Economic and Business Sciences, University of the Witwatersrand. He was formerly Professor in Economics at the University of South Africa (Unisa) since retiring as a Deputy General Manager of the South African Reserve Bank (Head: Currency Management) in 2012. His main academic research interests are inflation perceptions, inflation credibility and inflation expectations, macroeconomic convergence in the South African Development Community (SADC) region and the sustainability of expenditure patterns of the South African government. He has published numerous academic and other papers on these topics.

Professor Rossouw is a member of the S.A. Akademie vir Wetenskap en Kuns (L.Akad.SA) and has a C2 research rating from the National Research Foundation. He serves on the controlling board of the Afrikaans Language Monument and Museum, is Chairperson of its Remuneration Committee and serves as deputy Chairperson of its Audit Committee. He holds an M.Com (Economics) an MBA degree from the University of Pretoria and a PhD degree from the University of KwaZulu-Natal.