Die ekonomie minuut

Statistieke Suid-Afrika het gister Augustusmaand se verbruikersprysinflasiekoers bekend gemaak en dit was  goeie nuus, want dit lyk nou of Juliemaand wel die piek was op 7,8%, en dat inflasie se momentum nou begin afneem. Die afname na 7,6% word grootliks toegeskryf aan die vermindering van die brandstofpys in Augustus. Luisteraars sal onthou dat die petrolprys het met R1,32 per liter gedaal....

Statistics South Africa yesterday announced August's consumer price inflation rate and it was good news because it now looks like inflation did peak in July and is now starting to slow. The decrease to 7.6% is largely attributed to the reduction of the fuel price in August. Listeners will remember that the price of petrol fell by R1.32 per litre. Unfortunately, the decrease in the inflation rate i...

Later vandag word Augustusmaand se verbruikersprysinflasiesyfer bekend gemaak en die verwagting is dat dit effens laer gaan wees as in Juliemaand se 7,8%. Die vraag is of dit die Reserwebank se repokoersbesluit veel gaan beinvloed. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Later today, the consumer price inflation figure for August will be announced and the expectation is that it will be slightly lower than July's 7.8%. The question is whether this will greatly influence the Reserve Bank's repo rate decision. * The Economics Minute is supported by the NWU Business School.

Stage-6 loadshedding is back and a lot is being written about the state of affairs. After the contraction of the economy in the second quarter, there are renewed concerns about the impact of load shedding. * The Economics Minute is supported by the NWU Business School.

Fase-6 beurtkrag terug en daar word baie geskryf oor die stand van sake. Na die inkrimping van die ekonomie in die tweede kwartaal is daar opnuut kommer oor die impak van beurtkrag. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Even as we struggle with load shedding, this week’s important economic news is inflation and interest rates, here and in the US. On Wednesday, Statistics South Africa will announce August's consumer price inflation figure, and on Tuesday and Wednesday, the US Federal Reserve Bank's open market committee will meet. Both are going to be important indicators for our own Monetary Policy Committee's re...

Selfs al sukkel ons met beurtkrag is inflasie en rentekoerse, hier en in die VSA hierdie week se belangrike ekonomiese nuus. Woensdag maak Statistieke Suid-Afrika Augustusmaand se verbruikersprys-inflasiesyfer bekend, en Dinsdag en Woensdag vergader die Amerikaanse Federale Reserwebank se opemarkkomitee. Albei gaan belangrike aanwysers wees van ons eie Monetêre Beleidskomittee se repokoersbesluit...

Speaking of policy reform, the one big issue on which a decision must be made soon is the R350 Covid SRD grant. The government has so far maintained that it is temporary, but it has been extended until April 2023. There are great expectations about some sort of announcement in next month's mini-budget. * The Economics Minute is supported by the NWU Business School.

So gepraat oor beleidshervorming is die een groot kwessie waaroor daar binnekort ʼn besluit geneem moet word die R350 Covid toelaag. Die regering het tot dus ver volgehou dat dit tydelik is, maar dit wel verleng tot April 2023. Daar is groot verwagtinge oor een of ander ʼn aankondiging in volgende maand se mini-begroting. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

There is so much news this week about the major economic issues in South Africa that it is difficult to take or leave, and so I decided to give a brief overview. If this short overview sounds interesting search for ERSA's The Covid Project, as well as the Presidency's presentation called Putting South Africa to work. * The Economics Minute is supported by the NWU Business School.

Daar is hierdie week soveel nuus oor die groot ekonomiese vraagstukke in Suid-Afrika dat dit moeilik is om te vat of te los, en toe het ek besluit om ‘n kort oorsig te gee. As hierdie kort oorsig interessant klink, doen 'n soektog vir ERSA The Covid Project, en ook die Presidensie se aanbied Putting South Africa to work. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Statistieke Suid-Afrika het gister mynbouproduksiedata vir Julie vrygestel en dit wys dat produksie met 8,4% gekrimp het, vergeleke met Julie 2021. Dit was die sesde maand in 'n ry dat uitset gedaal het. Die maand-tot-maand veranderinge skets 'n effens meer positiewe prentjie. In Mei het produksie met 1,8% gestyg, in Junie het dit met 0,9% gekrimp en in Julie met 2,3% gestyg. * Die Ekonomie Minuut...

Yesterday Statistics South Africa released mining production data for July and it shows that production contracted by 8.4%, compared to July 2021. This was the sixth month in a row that output fell. The month-on-month changes paint a slightly more positive picture. In May output increased by 1.8%, in June it contracted by 0.9% and in July increased by 2.3%. * The Economics Minute is supported by t...

We are all hoping that inflation starts to decline and the need for further sharp repo rate hikes diminishes, but what do those prospects look like? In yesterday's episode, I briefly explained that producers or sellers of products and services are still experiencing a lot of cost pressure and that part of it will be passed on to consumers. But this is only one side of the coin of a repo rate incre...

Ons almal hoop dat inflasie begin afneem en die noodsaak vir nog skerp repokoersstygings al hoe minder word, maar hoe lyk daardie vooruitsigte? In gister se episode het ek kortliks verduidelik dat produsente of verkopers van produkte en dienste nog heelwat kostedruk ervaar en dat deel daarvan aan verbruikers deurgegee gaan word. Maar dit is net een kant van die muntstuk van ʼn repokoers styging. Di...

Last week's economic indicators again showed that consumer confidence and business confidence are low. Here and there a measure moves in a direction that gives people hope, such as the fuel price reduction, but the economy did not suddenly just turn around after the contraction of the second quarter. One also reads that food commodity prices are falling, but when will food prices in the store beco...

Verlede week se ekonomiese aanwysers het weer gewys dat verbruikersvertoue en sakevertroue laag is. Hier en daar beweeg ʼn maatstaf in ʼn rigting wat mense laat moed skep, soos die vermindering van die brandstofprys, maar die ekonomie het nie skielik net omgedraai na die inkrimping van die tweede kwartaal nie. Mens lees ook dat voedselkommoditeitspryse daal, maar wanneer gaan voedselpryse in die win...

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.