Die ekonomie minuut

Almost every day the news says something about the impact of load shedding on the economy, but when economists make growth forecasts, what are their assumptions about load shedding? The episode is supported by Jenwil Bluestar financial advisory services and the NWU Business School . * Errors and omissions remain my own.

Suid-Afrika se ekonomiese groeivooruitsigte afhang van wat in die wêreldekonomie gebeur. Hierdie episode gaan oor die IMF se ekonomiese groei vooruitskatting en wat dit vir Suid-Afrika beteken. Hierdie episode word ondersteun deur die NWU Sakeskool en Predictive Insights . *Foute en tekortkominge bly my eie.

South Africa's economic growth prospects depend on what happens in the global economy. This episode is about the IMF’s World Economic Outlook and what it means for South Africa. This episode is supported by the NWU Business School and Predictive Insights . * Errors and omissions remain my own. 

This week, a number of important forecasts and indicators will be published that economists are keeping a close eye on. These include the IMF's forecasts for the world economy and December's credit extension figures and trade balance as well as January's ABSA purchasing managers' index and Naamsa's vehicle sales data. All this gives clues about the outlook for the year. * The Economics Minute is s...

Hierdie week word ʼn aantal belangrike vooruitskattings en aanwysers bekend gemaak wat fyn dopgehou word deur ekonome. Dit sluit in die IMF se vooruitskattings vir die wêreldekonomie en Desembermaand se kredietverleningsyfers en handelsbalans en Januariemaand se ABSA aankopebestuurdersindeks en Naamsa se voertuigverkope data. Dit alles gee leidrade oor die vooruitsigte vir die jaar. * Die NWU Sakes...

Along with last week's repo rate decision, the Reserve Bank adjusted its growth forecast for 2023 downwards. They expect the economy to grow by only 0.3% this year. If it sounds pessimistic, you have to think about which drivers of growth you are keeping your fingers crossed for. * The Economics Minute podcast is supported by the NWU Business School.

Saam met verlede week se repokoersbesluit het die Reserwebank hulle groeivooruitskatting vir 2023 afwaarts aangepas. Hulle verwag dat die ekonomie hierdie jaar met net 0,3% gaan groei. As dit dalk pessimisties klink moet mens dink vir watter drywers van groei jy duim vashou. * Die NWU Sakeskool ondersteun Die Ekonomie Minuut potgooi.

The Reserve Bank increased the repo rate by 25 basis points yesterday. In other words, 0.25 of a percentage point. This means that you will have a slightly larger instalment on your debt. There will be comments today saying that the Reserve Bank has an unhealthy obsession with the inflation target band of 3 to 6%, that inflation is falling, that economic growth has already been knocked flat and no...

Die Reserwebank het gister die repokoers met 25 basispunte verhoog. Met ander woorde, 0,25 van ‘n persentasiepunt. Dit beteken dat jy ʼn bietjie groter paaiement gaan hê op jou skuld. Daar gaan vandag kommentaar wees wat sê dat die Reserwebank ʼn ongesonde obsessie het met die mikpunt van ʼn inflasiekoers tussen 3 en 6%, dat inflasie besig is om te daal, dat ekonomiese groei klaar plat geslaan is en...

Economists agree that the Reserve Bank's Monetary Policy Committee will raise the repo rate again later this afternoon. However, there is reasonable uncertainty as to whether it will be a 25 basis point or 50 basis point increase. Here are the reasons why. * The Economics Minute is supported by the NWU Business School.

Ekonome is dit eens dat die Reserwebank se Monetêre beleidskomitee later vanmiddag die repokoers weer gaan verhoog. Daar is egter redelike onsekerheid oor of dit ʼn 25 basispunte of 50 basispunte verhoging gaan wees. Hier is die redes hoekom. * Die NWU Sakeskool ondersteun Die Ekonomie Minuut.

With the prospect of at least two more years of load shedding, the pressure it is putting on small businesses is in the news. The National Chamber of Small Business has called for generators and diesel to be subsidised. Is this the best way?

Met die vooruitsig van ten minste nog twee jaar van beurtkrag is die druk wat dit op kleinsake-ondernemings plaas in die nuus. Die Nasionale Kleinsake Kamer het ʼn beroep gedoen dat kragopwekkers en diesel gesubsidieer moet word. Is dit die beste manier?

Ons weet dat beurtkrag die hele ekonomie swaar tref, maar die laaste paar dae was die fokus op die landbou-sektor. Besproeiingsboere in die Noord-Kaap het ʼn beroep op die President gedoen om ʼn noodtoestand te verklaar en hoenderboere het gevra vir ʼn BTW nulkoers op hoenderprodukte. Die van ons wat nie in die bedryf is nie wonder dalk hoekom sulke stappe nodig geag word.

We know that load-shedding affects the entire economy, but the focus in the last few days has been on the agricultural sector. Irrigation farmers in the Northern Cape appealed to the President to declare a state of emergency and chicken farmers asked for a VAT zero rate on poultry products. Those of us who are not in the industry may wonder why such steps are deemed necessary.

Almal praat oor beurtkrag en met gister se nuus dat dit ten minste nog twee jaar gaan duur, het ek gedink om ook iets daaroor te sê. In eenvoudige terme is die vraag na elektrisiteit groter as die aanbod en in Ekonomie-1 beteken dit die prys moet styg. As die mark werk sal die aanbod stadig toeneem en prys stabiliseer. Ons kan lank praat oor wat die oorsake van die toestand is, en wat die beste op...

Everyone is talking about loadshedding and after yesterday's news that it will last at least another two years, I thought I'd say something about it too. In simple terms, the demand for electricity is greater than the supply and in Economics-1 this means the price must increase. If the market is working, supply will slowly increase and price will stabilize. We can go on about what are the causes o...

Economists like to talk about the economy as if we know what is happening now, but frequently indicators are available with a lag and the commentary is much like driving a car while looking in the rearview mirror. This week's indicators were mining production in November, retail sales figures in November, December's inflation rate and the third quarter of last year's household resilience index.

Ekonome praat graag oor die ekonomie asof ons weet wat nou aan die gebeur is, maar baie keer is aanwysers met ʼn sloering beskikbaar en die kommentaar is baie soos om ʼn motor te bestuur terwyl jy in die truspieëltjie kyk. Hierdie week se aanwysers was mynbouproduksie in November, kleinhandelverkopesyfers in November, Desember se inflasiekoers en die derde kwartaal van verlede jaar se huishouding ve...

Statistieke Suid-Afrika het gister Desembermaand se verbruikersprys-inflasiekoers bekend gemaak en ook die syfers vir 2022. Die inflasiekoers het afgeneem vanaf 7,4% in November tot 7,2% in Desember. Die groot drywers was weereens toenames in voedselpryse en vervoerkoste. Die jaarlikse gemiddelde inflasiekoers vir 2022 was toe 6,9%.

Yesterday Statistics South Africa announced December's consumer price inflation rate and also the figures for 2022. The inflation rate decreased from 7.4% in November to 7.2% in December. The big drivers were once again increases in food prices and transport costs. The annual average inflation rate for 2022 was 6.9%.

Met inflasiesyfers wat vandag bekend gemaak word en ʼn repokoersbesluit volgende week is dit ʼn goeie tyd om te praat oor die onlangse nuwe-ou voorstel van die ANC om die Reserwebank se mandaat te verander. Hulle voorstel is dat die mandaat uitgebrei moet word om aan die behoeftes van die ekonomie te voldoen en dat werkskepping ook ʼn doelwit moet wees. Dit is ʼn slegte idee. * Die NWU Sakeskool is di...

With inflation figures being released today and a repo rate decision next week, it is a good time to talk about the ANC's recent new-old proposal to change the Reserve Bank's mandate. Their proposal is that the mandate should be expanded to meet the needs of the economy and that job creation should also be a goal. This is a bad idea. * The NWU Business School is the main sponsor of The Economics M...

When inflation will fall further and interest rates can be cut again is one of the big economic questions of the new year. Tomorrow December's consumer price inflation figure will be announced and then we will know what inflation was in 2022. It reached a peak in July and then decreased slightly. Next week the Reserve Bank's Monetary Policy Committee meets for the next repo rate decision. So what...

Wanneer inflasie verder gaan daal en rentekoerse weer verminder kan word is een van die groot ekonomiese vraagstukke van die nuwe jaar. More word Desembermaand se verbruikersprys inflasiesyfer bekend gemaak en dan sal ons weet wat inflasie in 2022 was. Dit het ʼn hoogtepunt gehad in Juliemaand en daarna effens afgeneem. Volgende week vergader die Reserwebank se Monetêre Beleidskomitee vir die volge...