Die ekonomie minuut

Die 2022 Nobelprys vir Ekonomie is gister toegeken aan Ben Bernanke, Douglas Diamond en Philip Dybvig vir hulle werk oor die bankwese. Bernanke is bekend vir sy rol as voorsitter van die VSA se Federale Reserwebank ten tye van die 2008/09 wêreld finansiële krisis, maar het voor dit as professor ʼn aantal invloedryke artikels gepubliseer, spesifiek oor die Groot Depressie. Die Diamond en Dybvig mode...

Min van ons het gedink dat die Amerikaanse arbeidsmark hierdie jaar so belangrike ekonomiese aanwyser gaan wees, maar Vrydag is hulle non-farm payroll data bekend gemaak en dit was belangrik. Daar is in Septembermaand 263 000 nuwe werksgeleenthede geskep en die werkloosheidskoers het afgeneem vanaf 3,7% na 3,5%. Die gemiddelde verdienste per uur het met 0,3% gestyg en op ʼn jaarbasis staan dit op ‘...

Few of us thought that the American labour market would be such an important economic indicator this year, but on Friday their non-farm payroll data was released and it was important. In September, 263,000 new jobs were created and the unemployment rate decreased from 3.7% to 3.5%. The average earnings per hour rose by 0.3% and on an annual basis, it stands at a 5% increase. All of this matters be...

Om netwerk infrastruktuurdienste soos elektrisiteitsvoorsiening, watervoorsiening en die spoorweë aan die werk te hou is van die belangrikste wat wat die regering kan doen om die ekonomie aan die gang te hou. Die privaatsektor raak toenemend betrokke, maar dit is meer en deels die regering se verantwoordelikheid. Die afgelope weke se beurtkrag, en die wateronderbrekings wat dit tot gevolg gehad he...

Keeping network infrastructure services such as electricity supply, water supply and railways working is one of the most important things the government can do to keep the economy going. The private sector is becoming increasingly involved, but this is by and large still the government's responsibility. The load shedding in recent weeks, and the water shortages it has caused, show how the governme...

On Tuesday I explained that ABSA and the Bureau of Economic Research's Purchasing Managers' Index fell in September and business activity and prospects appear subdued. Yesterday, S&P Global released their South African index and confirmed that private sector activity has been negatively affected by rising inflation and load shedding. Internationally, the chances seem increasingly slim that the...

Dinsdag het ek vertel dat ABSA en die Buro vir Ekonomiese Ondersoek se aankopebestuurdersindeks in Septembermaand gedaal het en besigheidsaktiwiteite en-vooruitsigte gedemp voorkom. Gister het S&P Global hulle indeks vir Suid-Afrika bekend gemaak en dit bevestig dat privaatsektor-aktiwiteit negatief geraak word deur stygende inflasie en beurtkrag. Internasionaal lyk die kanse al hoe meer skraa...

Een van die leidende aanwysers van die sakesiklus is nuwe voertuigverkope. Dit is ʼn barometer van hoe dit met verbuikers gaan en syfers oor die verkope van vloot- en kommersiële voertuie asook uitvoer, gee ʼn aanduiding van die sakesektor en die buiteland se vraag. Naamsa het gister Septembermaand se voertuigverkopesyfers bekend gemaak en dit skets ʼn positiewe prentjie in vergelyking met verlede ja...

One of the leading indicators of the business cycle is new vehicle sales. It is a barometer of how consumers are doing and figures on the sales of fleet and commercial vehicles as well as exports, give an indication of business and foreign demand. Yesterday, Naamsa announced September's vehicle sales figures and it paints a positive picture compared to last year. In addition, the price of petrol f...

This week starts with two major economic indicators and unfortunately, neither of them is very positive. ABSA's Purchasing Managers' Index in collaboration with the Bureau of Economic Research decreased to 48.2 points in September. The NWU Business School's Policy Uncertainty Index stands at 59.6 points for the third quarter. * The Economics Minute is supported by the NWU Business School.

Die week begin met twee groot ekonomiese aanwysers en ongelukkig is nie een van hulle baie positief nie. ABSA se aankopebestuurdersindeks in samewerking met die Buro vir Ekonomiese Ondersoek het in September afgeneem tot 48,2 punte. Die NWU Sakeskool se Beleidsonsekerheids-indeks staan op 59,6 punte vir die derde kwartaal. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Last week, Eskom chief Andre de Ruyter startled us when he spoke on occasion about stage-15 load shedding. I thought everything ends at stage-8. The details are that it was about what will happen when Eskom has to shut down the coal-fired power stations that currently do not meet pollution regulations. If there is already load shedding, most of us surely feel that those stations should just be kep...

Die afgelope week het Eskom hoof Andre de Ruyter ons laat skrik toe hy by geleentheid gepraat het van fase-15 beurtkrag. Ek het gedink alles eindig by fase-8. Die besonderhede is dat dit gegaan het oor wat sal gebeur wanneer Eskom die steenkoolkragstasies moet afskakel wat tans nie aan besoedelingsvoorskrifte voldoen nie. As daar reeds beurtkrag is voel meeste van ons sekerlik dat daardie stasies...

I like to close the week with a few indicators. Statistics South Africa released August's producer price index yesterday. The producer price inflation rate is still very high at 16.6%, but it is slightly lower than in the month of July. The slight easing of the pressure on prices is attributed to the decrease in the fuel price in August. It seems that producer price inflation has also reached a tu...

Ek sluit graag die week af met ʼn klompie aanwysers. Statistieke Suid-Afrika het gister Augustusmaand se produsenteprysindeks bekend gemaak. Produsente se inflasiekoers is steeds baie hoog op 16,6%, maar dit is effens laer as in Juliemaand. Die effense vermindering in die druk op pryse word toegeskryf aan die afname in die brandstofprys in Augustus. Dit dan of produsenteprysinflasie ook ʼn draaipunt...

Brittanje se nuwe eerste Minister, Lizz Truss, en Minister van Finansies, Kwasi Kwarteng, het verlede week ‘n groot makroekonomiese beleidsidee gevat en hulle mini-begroting daarop gebou. Die idee kom uit die Aanbodkant-ekonomie en die era van Reaganomics. Hulle mikpunt is 2,5% ekonomiese groei oor die medium termyn en die plan is om die ekonomie te stimuleer met belastingverligting en deregulerin...

Britain's new Prime Minister, Lizz Truss, and Minister of Finance, Kwasi Kwarteng, took a big macroeconomic policy idea last week and built their mini-budget on it. The idea comes from Supply Side Economics and the era of Reaganomics. Their target is 2.5% economic growth over the medium term and the plan is to stimulate the economy with tax relief and deregulation. The more than ₤100 billion stimu...

Yesterday, Statistics South Africa announced the results of the Quarterly Employment Survey. It is different from the labor force survey and the focus is on employment in the formal sector. According to this, employment decreased from the first to the second quarter of the year. There were 22,000 new jobs created, but 141,000 jobs were lost. The survey also provides information on compensation. Th...

Statistieke Suid-Afrika het gister die resultate van die Kwartaalikse Opname van Indienname bekend gemaak. Dit is anders as die arbeidsmagopname en die fokus is op indiensname in die formele sektor. Hiervolgens het indiensname afgeneem van die eerste na die tweede kwartaal van die jaar. Daar is 22 000 nuwe werksgeleenthede geskep, maar 141 000 poste het verlore gegaan. Die opname gee ook inligting...

Inflasie in die VSA bly hoog en die Amerikaanse Federale Reserwebank het verlede week aangedui dat hulle verwag dat hulle rentekoers vir langer hoër sal moet bly. In Juniemaand het hulle nog gesê dat hulle beleidskoers tot 3,4% kan styg, maar nou word 4,4% in Desember verwag. Daar is die moontlikheid dat dit vroeg volgende jaar tot 4,6% kan styg. Hulle ekonomiese groei vooruitskatting is verminder...

Inflation in the US remains high and the US Federal Reserve indicated last week that they expect interest rates to remain higher for longer. In June they still said that their policy rate could rise to 3.4%, but now 4.4% is expected in December. There is the possibility that it could rise to 4.6% early next year. Their economic growth forecast was reduced to just 0.2% for 2022 and Jerome Powell sa...

Last week, the slight drop in the inflation rate and the Reserve Bank's 75 basis point repo rate increase were headline economic news as load shedding continued. In today's episode, I want to quickly reflect on the repo rate hike, and say something about the mini-budget in October. * The Economics Minute is supported by the NWU Business School.

Verlede week was die effense daling in die inflasiekoers en die Reserwebank se 75 basispunte repokoersverhoging ekonomiese hoofnuus terwyl beurtkrag voortgeduur het. In vandag se episode wil ek vinnig reflekteer oor die repo-koersverhoging, en iets sê oor die mini-begroting in Oktober. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Die Reserwebank het gistermiddag die repokoers met 75 basispunte verhoog tot 6,25%. Dit is algemeen verwag en volg die 75 basispunteverhoging van die Amerikaanse Federale Reserwebank Woensdag. Daar was ʼn paar interessante stukke nuus in die aankondiging. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Yesterday afternoon the Reserve Bank increased the repo rate by 75 basis points to 6.25%. This was widely expected and follows the US Federal Reserve's 75 basis point hike on Wednesday. There were some interesting pieces of news in the statement. * The Economics Minute is supported by the NWU Business School.