Die ekonomie minuut

Since the Minister delivered the budget speech in February, inflation and interest rates have risen and the economy has grown more slowly than expected. Yet he explained yesterday though that the government finances are looking relatively good. * The Economics Minute is supported by the NWU Business School.

Sedert die Minister die begrotingsrede gelewer het in Februarie het inflasie en rentekoerse gestyg en die ekonomie het stadiger gegroei as wat verwag is. Hy het egter gister verduidelik dat dit gaan relatief goed met die staatsfinansies. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Met die Covid-19 pandemie in 2020 het owerheidsbesteding, die begrotingstekort en staatskuld skerp toegeneem. Voor dit was daar in talle begrotings sprake van besuiniging, maar met die pandemie is ʼn plan in werking gestel om owerheidsbesteding in reële terme te besnoei. Ek sal die eerste wees om te argumenteer dat dit belangrik is om die skuldlas te verminder, maar die afgelope week is navorsing g...

With the Covid-19 pandemic in 2020, government spending, the budget deficit and government debt increased sharply. Before this there was talk of austerity in numerous budgets, but with the pandemic, a plan was put into effect to cut government spending in real terms. I will be the first to argue that reducing the debt burden is important, but this past week research has been published that shows t...

More se mini-begroting gaan in baie opsigte klink soos ʼn goeie-nuus begroting. Daar is ʼn handvol onsekerhede, maar daar is talle aanwysers wat goed lyk en die vrae gaan oor hoe die Minister die speelruimte wat hy het, gaan gebruik. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

In many ways, tomorrow's mini-budget will sound like a feel-good budget. There are a handful of uncertainties, but numerous indicators look good, and the questions are about how the Minister will use the leeway he has. * The Economics Minute is supported by the NWU Business School.

This week, the Minister of Finance presents the Medium-term Budget Policy Statement to Parliament. This is also known as the mini-budget and there are a few important things I would like to talk about. What is the mini-budget? What do you need to listen up for? * The Economics Minute is supported by the NWU Business School.

Hierdie week lê die Minister van Finansies die medium-termyn begrotingsbeleidsraamwerk aan die Parlement voor. Dit is ook bekend as die mini-begroting en daar is ʼn paar belangrike dinge waaroor ek graag wil gesels. Wat is die mini-begroting? Waarna moet jy luister wanneer die Minister praat? * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Ek het hierdie week so baie oor inflasie gepraat dat ek so wil afsluit, maar dit is ʼn tegniese een. Greg Mankiw het ʼn interessante blog inskrywing oor Amerikaanse inflasie en sy kommer dat die Federale Reserwebank dalk te streng optree. Dit laat mens ook dink oor die volgende repokoersbesluit hier in Suid-Afrika. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

I have talked so much about inflation this week that I want to end with one more, but it gets technical. Greg Mankiw has an interesting blog entry about US inflation and his concern that the Federal Reserve may be tightening too much. It also makes one think about the next repo rate decision here in South Africa. * The Economics Minute is supported by the NWU Business School.

I am happy to say that the consensus forecast by economists was wrong and that September's consumer price inflation rate was indeed a little lower. Just a little bit. The year-on-year rate decreased from 7.6% to 7.5%. Month-on-month there was unfortunately a 0.1% increase which shows that there is still a lot of pressure on prices. * The Economics Minute is supported by the NWU Business School.

Ek is bly om te sê dat ekonome se konsensusvoorspelling verkeerd was en dat Septembermaand se verbruikersprys inflasiekoers toe wel ʼn bietjie laer was. Net ʼn klein bietjie. Die jaar-op-jaar koers het afgeneem van 7,6% tot 7,5%. Maand-op-maand was daar ongelukkig ʼn 0,1% toename wat wys dat daar nog heelwat druk is op pryse. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

One of the dangers of high inflation is that high prices are on our minds. We think and talk about how expensive everything has become and before long it affects the inflation rate we expect for next month and next year. Then you raise the prices at your business, or ask your boss for a big increase, and if everyone does that we just feed the inflation monster. Research shows that this is not just...

Een van die gevare van hoë inflasie is dat hoë pryse voorop in ons gedagtes is. Ons dink en praat oor hoe duur alles geword het en kort voor lank beïnvloed dit die inflasiekoers wat ons vir volgende maand en volgende jaar verwag. Dan verhoog jy die pryse by jou besigheid, of vra jou baas vir ʼn groot verhoging, en as almal dit doen voer ons net die inflasie-monster. Navorsing wys dat hierdie is nie...

This week's economic indicator is September's consumer price inflation figure that is announced on Wednesday. The Bureau of Economic Research's weekly newsletter gives a good breakdown of the factors that play a role and what this means for the Reserve Bank's next repo rate decision. * The Economics Minute is supported by the NWU Business School.

Hierdie week se ekonomiese aanwyser is Septembermaand se verbruikersprys inflasiesyfer wat Woensdag bekend gemaak word. Die Buro vir Ekonomiese Ondersoek se weeklikse nuusbrief gee ʼn goeie uiteensetting van die faktore wat ʼn rol speel en wat dit beteken vir die Reserwebank se volgende repo-koersbesluit. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Inflasie is die hele jaar lank in die nuus, en ʼn gereelde onderwerp van Die Ekonomie Minuut. Dit is waaroor die staking by Transnet tans gaan. As mens sou vra, hoekom is inflasie so sleg, is die kort antwoord: want alles word duurder. Die langer antwoord is: want dit veroorsaak onsekerheid en dit breek vertoue binne die gemeenskap af. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Inflation has been in the news all year long and is a regular topic of The Economics Minute. It is what the current strike at Transnet is about. If one were to ask why inflation is so bad, the short answer is: because everything becomes more expensive. The longer answer is: that it causes uncertainty and it breaks down trust within society. * The Economics Minute is supported by the NWU Business S...

Hierdie is mini-begrotingsmaand en Minister Godongwana lewer die sy toespraak oor die medium termyn bestedingsraamwerk op 26 Oktober. Ons weet dat twee jaar se belastingmeevallers beteken dat die Minister ʼn klein bietjie beweegruimte het en daar is verwagtinge aan al die kante van die spektrum. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

This is mini budget month and Minister Godongwana delivers his speech on the medium-term expenditure framework on 26 October. We know that two years of tax windfalls mean that the Minister has a little bit of room for manoeuvre and there are expectations on all sides of the spectrum. * The Economics Minute is supported by the NWU Business School.

The Daily Maverick teases and says it feels a bit like 2017 - load shedding, water-shedding and Jacob Zuma are in the news. That year the economy grew by just 1.2%. This week's indicators give us an idea of how difficult it is to say how the economy is doing. August's figures on production and sales in the manufacturing sector looked slightly better and SACCI's business confidence index remained r...

Die Daily Maverick terg en sê dit voel so bietjie soos 2017 – beurtkrag, beurtwater en Jacob Zuma is in die nuus Daardie jaar het die ekonomie het met net 1,2% gegroei. Hierdie week se aanwysers gee ons ʼn idee van hoe moeilik dit is te sê hoe dit met die ekonomie gaan. Augustusmaand se syfers oor produksie en verkope in die vervaardigingsektor het effens beter gelyk en die SACCI se sakevertroue-in...

The International Monetary Fund warned yesterday that the outlook for the world economy is deteriorating. They predict economic growth of 2.7% with a 25% chance that the world economy can grow less than 2% this year. Their chief economist warns that 2023 will feel like a recession for many people and that the chances of a mistake by policymakers are high. * The Economics Minute is supported by the...

Die Internasionale Monetêre Fonds het gister gewaarsku dat die vooruitsigte vir die wêreld-ekonomie slegter lyk. Hulle voorspel ekonomiese groei van 2,7% met ʼn 25% kans dat die wêreld-ekonomie minder as 2% kan groei. Hulle hoof-ekonoom waarsku dat 2023 vir baie mense soos ʼn resessie gaan voel en dat die kanse vir ʼn fout deur beleidmakers groot is. * Die Ekonomie Minuut word ondersteun deur die NWU...

The 2022 Nobel Prize for Economics was awarded yesterday to Ben Bernanke, Douglas Diamond and Philip Dybvig for their work on banking. Bernanke is known for his role as chairman of the US Federal Reserve Bank at the time of the 2008/09 global financial crisis, but before that, as a professor, he published a number of influential articles, specifically on the Great Depression. The Diamond and Dybvi...