Die ekonomie minuut

This week the Rand Merchant Bank and the Bureau of Economic Research's Business Confidence Index, and FNB and the Bureau's Consumer Confidence Index for the third quarter were released. Many analysts were hoping for some positive news from July and August after the contraction of the economy in the second quarter through to the end of June. Unfortunately, there is no clear positive message. * The...

Hierdie week is die Rand Aksepbank en die Buro vir Ekonomiese Ondersoek se Sakevertroue-indeks, en FNB en die Buro se Verbruikersvertroue indeks vir die derde kwartaal bekend gemaak. Baie ontleders het gehoop vir bietjie positiewe nuus uit Julie en Augustusmaand na die inkrimpring van die ekonomie in die tweede kwartaal tot einde Junie. Daar is ongelukkig nie ʼn klinkklare positiewe boodskap nie. *...

One of the notable sector contractions in yesterday's second-quarter GDP figure is the 7.7% contraction in the agricultural sector. Wandile Sihlobo gave a good explanation in BusinessDay yesterday of what happened and what the outlook for the rest of the year looks like. * The Economics Minute is supported by the NWU Business School.

Een van die inkrimpings wat uitgestaan het in gister se tweede kwartaal BBP syfers is die 7,7% inkrimping in die landbou-sektor. Wandile Sihlobo het gister in die BusinessDay ʼn goeie verduidelik gegee van wat gebeur het en hoe vooruitsigte vir die res van die jaar lyk. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Statistics South Africa announced the second quarter's Gross Domestic Product figure yesterday and the economy shrank by 0.7%. Economists always say they are not surprised, but this time really everyone expected the contraction. The manufacturing sector, mining and agriculture have shrunk, among other things as a result of the floods in KwaZulu-Natal, load shedding and foot-and-mouth disease. But...

Statistieke Suid-Afrika het gister die tweede kwartaal se Bruto Binnelandse Produk syfer bekend gemaak en die ekonomie het ingekrimp met 0,7%. Ekonome sê altyd hulle is nie verras nie, maar hierdie keer het werklik almal die inkrimping verwag. Die vervaardigingsektor, mynbou en landbou het ingekrimp, onder andere as gevolg van die vloede in KwaZulu-Natal, beurtkrag en bek-en-klouseer. Maar dit is...

I often talk about what is happening in the US economy and how it affects South Africa's economy, but in the rest of the world things are not going well. Economists are concerned about the prospects for economic growth and about high inflation rates. * The Economics Minute is supported by the NWU Business School.

Ek gesels gereeld oor wat in die VSA gebeur en hoe dit die Suid-Afrika se ekonomie beïnvloed, maar in die res van die wêreldekonomie gaan dit nie goed nie. Ekonome is bekommerd oor die vooruitsigte vir ekonomiese groei en oor hoëinflasiekoerse. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Vrydag se episode het afgesluit met die eerste aanwysers van hoe die ekonomie in Augustusmaand gevaar het, en dit was heel positief, maar dit was nie die einde van die storie nie. Vrydagmiddag is Amerikaanse “non-farm payroll” data bekend gemaak en dit het gevolge gehad. Die verwagting was dat hulle 300 000 nuwe werksgeleenthede geskep het in Augustus, en dit was toe 315 000. Dit beteken dat die A...

Friday's episode ended with the first indicators of how the economy fared in August, and it was quite positive, but that wasn't the end of the story. On Friday afternoon, US non-farm payroll data was released and it had consequences. The expectation was that they created 300,000 new jobs in August, and it turned out to be 315,000. This means that the American economy is still running hot and that...

Dir Minuut sluit hierdie week af met nuus oor die eerste ekonomiese aanwysers wat wys hoe dit in Augustus gegaan het. ABSA se PMI en nuwe voertuigverkope het gestyg. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

The Minute closes this week with news about the first economic indicators that show how things went in August. ABSA's PMI and new vehicle sales improved. * The Economics Minute is supported by the NWU Business School.

In South Africa the generals are often still fighting the previous war. A recent example is the battle over the descriptions that vegetarian meat substitute products may use on their packaging. Abroad, they have already gone a step further and that is to indicate the environmental impact of products. A new index helps as an eco-label. * The Economics Minute is supported by the NWU Business School.

In Suid-Afrika veg die generaals nog baie keer die vorige oorlog. 'n Onlangse voorbeeld is die stryd oor die beskrywings wat vegetariese vleis-substituutprodukte op hulle verpakking mag gebruik. In die buiteland is hulle al 'n stap verder en dit is om die omgewingsimpak van produkte aan te dui. 'n Nuwe indeks help as 'n ek-etiket. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Last week, the OECD published the report of their 2022 economic survey of South Africa and stated that far-reaching reforms are urgently needed. This is something almost everyone agrees on, but not everyone always agrees on the opportunity cost. * The Economics Minute is supported by the NWU Business School.

Verlede week het die OECD die verslag van hulle 2022 ekonomiese opname van Suid-Afrika bekend gemaak en gestel dat ingrypende hervormings dringend nodig is. Dit is iets waaroor amper almal saamstem, maar almal stem nie altyd saam oor die geleentheidskoste nie. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

If you're interested in this week's economic indicators, today's episode provides a brief summary, but it's even better to read the Bureau of Economic Research's weekly newsletter. Economists are watching international indicators to see if inflationary pressures in the US are starting to ease. It is not only inflation data that is important, but also indicators of economic activity and job creatio...

As jy belangstel in hierdie week se ekonomiese aanwysers gee vandag se episode ʼn kort opsomming, maar dit is nog beter om die Buro vir Ekonomiese Ondersoek se weeklikse nuusbrief te lees. Ekonome hou internasionale aanwysers dop om te sien of inflasiedruk in die VSA begin verlangsaam. Dit is nie net inflasiedata wat belangrik is nie, maar ook aanwysers van ekonomiese aktiwiteit en werkskepping. In...

What happens in the US has an influence on exchange rates and financial markets all over the world. We know that the US inflation rate is high and to fight it the Federal Reserve Bank first ended their policy of quantitative easing and then started to raise interest rates. The hope is for a soft landing, which means that they bring inflation under control without dampening economic activity or job...

Wat in die VSA gebeur het ‘n invloed op wisselkoerse en finansiële markte reg oor die wêreld. Ons weet dat die Amerikaners se inflasiekoers hoog is en om dit te beveg het die Federale Reserwebank eers hulle beleid van kwantitatiewe verruiming beëindig en toe begin om rentekoerse te verhoog. Die hoop is vir ʼn sagtelanding, wat beteken dat hulle inflasie onderbeheer bring sonder om ekonomiese aktiwi...

Statistics South Africa released July's CPI and PPI figures this week and the inflation rates were even higher than everyone expected. In July, consumer price inflation rose by 7.8% on a year-on-year basis and producer price inflation by 18%. In both cases, the major drivers were increases in the prices of food and energy. Whether July will be the turning point is difficult to say. * The Economics...

Statistieke Suid-Afrika het hierdie week Juliemaand se VPI en PPI syfers bekend gemaak en en die inflasiekoerse was selfs hoër as wat almal verwag het. Verbruikersprysinflasie het in Juliemaand met 7,8% gestyg op ʼn jaar-op-jaar grondslag en produsenteprysinflasie met 18%. In albei gevalle was die groot drywers stygings in die pryse van voedsel en energie. Of Juliemaand die draaipunt gaan wees is m...

Yesterday Saftu and Cosatu had their #NationalShutdown campaign and most analysts described it as nonsensical. The issues such as load shedding and rising living costs are real, but is it necessary to create awareness about them? Nor are these problems solved by protests. But I think there is a bigger socio-economic and political picture to be seen. South African trade unions are in a struggle for...

Gister het Saftu en Cosatu hulle #NationalShutdown veldtog gehad en meeste ontleders het dit as onsinnig beskryf. Die vraagstukke soos beurtkrag en stygende lewenskoste is werklik, maar is dit nodig om bewustheid daarvan te skep? Dit is ook nie probleme wat deur betogings opgelos word nie. Maar ek dink daar is tog ʼn grotere sosio-ekonomiese en politieke prentjie om te sien. Suid-Afrikaanse vakbond...

The second quarter's labour force survey surprised friends and foes with a small decrease in the unemployment rate from 34.5% in the first quarter to 33.9%. The broad unemployment rate, which includes discouraged workers, has also declined. It appears that there was an increase of 648,000 jobs from the first to the second quarter. * The Economics Minute is supported by the NWU Business School.