Die ekonomie minuut

Yesterday an auntie stopped me in Dischem and asked when this podcast is going to share some positive economic news. Fortunately, BusinessDay then had just the story she was waiting for. It tells that Nedbank's latest Capital Expenditure Project Listing report shows that fixed investment could increase by 3.5% this year. * The Economics Minute is supported by the NWU Business School.

Gister het ʼn tannie my in Dischem voorgekeer en gevra wanneer deel hierdie potgooi bietjie positewe ekonomiese nuus. Gelukkig het BusinessDay toe net die berig waarvoor sy gewag het. Dit vertel dat Nedbank se nuutste kapitaalprojekteverslag wys dat vaste investering met 3,5% kan styg hierdie jaar. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

The idea of a wealth tax pops up every now and then and was also mentioned at the ANC's policy conference as a way to finance a basic income grant. Exactly what is meant by the tax was not well explained, but the concept is that of a tax on the stock of wealth. It is not levied on income, but on the net worth of individuals. And this is where the problems begin. * The Economics Minute is supported...

Die idee van 'n welvaartbelasting duik elke nou en dan op en is ook weer by die ANC se beleidskonferensie genoem as ʼn manier om ʼn basiese inkomstetoelaag te finansier. Presies wat met die belasting bedoel word is nie mooi verduidelik nie, maar die konsep is dié van 'n belasting op jou totale rykdom. Dit word nie op inkomste gehef nie, maar op die netto waarde van individue. En dit is waar die prob...

Die ekonomiese nuus gaan deesdae oor die verlangsaming van die ekonomie. Hoëinsetkoste en hoë rentekoerse eis hulle tol en oral is daar tekens dat verbruikers hulle besteding terugsny en besighede probeer water trap. Hierdie week is belangrikse aanwysers is ABSA en die Buro vir Ekonomiese Ondersoek se aankopebestuurdersindeks en Naamsa se voertuigverkope data vir Juliemaand. * Die Ekonomie Minuut...

The economic news these days is about economic activity slowing down. High input costs and high interest rates are taking their toll and everywhere there are signs that consumers are cutting back on spending and businesses are trying to tread water. This week, key indicators are ABSA and the Bureau of Economic Research's purchasing managers' index and Naamsa's vehicle sales data for the month of J...

Policy uncertainty is when there is uncertainty about government policy or its consequences. This in turn could cause investment to be lower while investors wait and see what happens. So the ANC policy conference that took place this past weekend is also of interest to economists. * The Economics Minute is supported by the NWU Business School.

Beleidsonsekerheid is wanneer daar onsekerheid is oor regeringsbeleid of die gevolge daarvan. Dit kan weer veroorsaak dat investering laer is terwyl beleggers wag en sien wat gebeur. Dus is die ANC beleidskonferensie wat die afgelope naweek plaasgevind het ook vir ekonome van belang. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Wat by die Amerikaanse Fed gebeur bly ongelukkig nie daar nie. Dit het ‘n invloed op wisselkoerse en finansiële markte reg oor die wêreld en dit is belangrik om te probeer verstaan wat verlede week gebeur het. Ons weet dat die Amerikaners se inflasiekoers is bo 9% en om dit te beveg het die Federale Reserwebank eers hulle beleid van kwantitatiewe verruiming beëindig en toe begin om rentekoerse te...

Unfortunately, what happens at the US Fed does not stay there. It has an influence on exchange rates and financial markets all over the world and it is important to try to understand what happened last week. We know that the American inflation rate is above 9% and to fight it the Federal Reserve Bank first ended their policy of quantitative easing and then started to raise interest rates. The hope...

Statistics South Africa yesterday announced June's producer price inflation rate and it rose from 14.7% in May to 16.2%. Part of these previous months' producer price inflation will have to be passed on to consumers. The Reserve Bank has also identified a number of factors that can increase inflation. The result of all this is that consumer price inflation is likely to rise before it starts to fal...

Statistieke Suid-Afrika het gister Juniemaand se produsenteprys inflasiekoers bekend gemaak en dit het gestyg vanaf 14,7% in Meimaand tot 16,2%. ʼn Deel van hierdie vorige maande se produsenteprysinflasie gaan nog deurgegee word aan verbruikers. Die Reserwebank het ook ʼn aantal faktore geidentifiseer wat inflasie kan verhoog. Die gevolg van dit alles is dat verbruikersprysinflasie waarskynlik nog g...

This week, the International Monetary Fund announced their forecasts for the growth of the world economy and they predict that economies will grow much more slowly this year than they had previously expected. In some countries, there may even be a contraction. This is the result of a number of shocks. * The Economics Minute is supported by the NWU Business School.

Die Internasionale Monetêre Fonds het hierdie week hulle vooruitskattings vir die groei van die wêreld-ekonomie bekend gemaak en hulle voorspel dat ekonomieë hierdie jaar heelwat stadiger gaan groei as wat hulle vroeër verwag het. In sommige lande kan daar selfs ʼn inkrimping wees. Dit is die gevolg van ʼn paar skokke. * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Een van die aanwysers van hoe dit met die ekonomie gaan is die sogenaamde leidende aanwyser van die sakesiklus. Die siklus kan in ʼn opswaai, piek, afswaai, of trog wees en die leidende aanwyser is ʼn voorspeller van die die siklus in die volgende 6 tot 12 maande kan beweeg. Die nuutste syfer het met op ʼn maand-tot-maand basis met 0,7% gedaal en oor die jaar, met 8,5%. Dit dui op ʼn ekonomiese afswaa...

One of the indicators of how the economy is doing is the so-called leading indicator of the business cycle. The cycle can be in an upswing, peak, downswing, or trough and the leading indicator is a predictor of where in the cycle we might be in the next 6 to 12 months. The latest figure has fallen by 0.7% on a month-on-month basis and by 8.5% over the year. This indicates a downturn by next year....

Ek het verlede week baie gepraat oor inflasie en die Reserwebank se repokoersbesluit. Hierdie Woensdag word Juniemaand se produsenteprysinflasiesyfer bekend gemaak en verwagtinge is dat dit toegeneem het vanaf 14,7% in Meimaand, tot soveel as 15,6% in Junie. Een van die Reserwebank se bekommernisse is dat die aanvanlike prysskokke van brandstof en voedsel gaan uitbrei na ʼn volgehoue proses van sty...

Last week I talked a lot about inflation and the Reserve Bank's repo rate decision. This week June's producer price inflation figure will be announced on Wednesday and expectations are that it increased from 14.7% in May, to as much as 15.6% in June. One of the Reserve Bank's concerns is that the initial shocks to fuel and food prices will expand into a sustained process of increases in wages and...

Verlede week the The Economist tydskrif hulle nuutste Big Mac indeks bekende gemaak. Daarvolgens is die rand 54,5% onder-waardeer teen die Amerikaanse dollar. Dit beteken dat die rand behoort eintlikeintlik teen R7,75 per dollar behoort te verhandel, eerder as die R17 per dollar wat ons in die mark sien. Hoe werk dit, en wat beteken dit? * Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool...

Last week the Economist magazine released their latest Big Mac index. According to that, the rand is 54.5% undervalued against the US dollar. This means that the rand should actually be trading at R7.75 per dollar, rather than the R17 per dollar we see in the market. How does that work, and what does it mean? * The Economics Minute is supported by the NWU Business School.

The Reserve Bank's Monetary Policy Committee yesterday announced the largest single repo rate increase since September 2002 when they increased the policy rate by 75 basis points to 5.5%. In the media, economists give good explanations about why it is important to fight high inflation with high interest rates, but on Twitter people are disappointed and angry. We don't explain as well as we think,...

Die Reserwebank se Monetêre Beleidskomitee het gister die grootste enkele repokoers verhoging sedert September 2002 aangekondig toe hulle die beleidskoers met 75 basispunte verhoog het tot 5,5%. In die media gee ekonome mooi verduidelikings oor hoekom dit belangrik is om hoë inflasie te beveg met hoë rentekoerse, maar op Twitter is mense teleurgesteld en kwaad. Ons verduidelik nie so goed soos wat...

Junie-maand se verbruikersprysinflasiesyfer is gister bekend gemaak en het gestyg van 6,5% in Meimaand tot 7,4%. Die styging is gedryf deur stygings in die pryse van voedsel en vervoer. Wanneer die Monetêre Beleidskomittee oor hierdie syfers dink vir vanmiddag se repokoers besluit weet hulle dat inflasie is nou hoog en volgehou, en hulle kan nie net niks doen nie. * Die Ekonomie Minuut word onders...

June's consumer price inflation figure was released yesterday and rose from 6.5% in May to 7.4%. The increase was driven by increases in food and transport prices. When the Monetary Policy Committee thinks about these figures for this afternoon's repo rate decision, they know that inflation is now high and sustained, and they can't just do nothing. * The Economics Minute is supported by the NWU Bu...

Terwyl ons wag vir vandag se inflasiesyfers is daar kans om oor iets interessant te praat. Ekonome praat van die Bruto Binnelandse produk en is maar altyd bekommerd oor die groei van die ekonomie. Daar is egter mense wat krities is oor die BBP as maatstaf van hoe dit met die ekonomie gaan. Die meting vat maar ʼn raaiskoot oor die informele sektor, dit neem nie skade aan die omgewing in ag nie en sê...