Die ekonomie minuut

Die Minuut sluit die week af met nuus van die markte.

The Minute concludes the week with news from the markets.

Meimaand se verbruikersprysinflasiekoers is gister aangekondig en dit is op die hoogste vlak in meer as twee jaar. Inflasie het gestyg vanaf 4,4% in April tot 5,2% in Meimaand. Beteken hierdie hoë inflasiekoers bo-kant die middelpunt van die Reserwebank se teikenband dat rentekoerse binnekort moet verhoog? Die kort antwoord is nee.

May's consumer price inflation rate was announced yesterday and it is at its highest level in more than two years. Inflation rose from 4.4% in April to 5.2% in May. Does this high inflation rate above the mean of the Reserve Bank's target band imply that interest rates should rise soon? The short answer is no.

Vandag se VPI inflasiesyfer is die aanwyser waarvoor ekonome wag hierdie week, maar daar is ook ander rigtingwysers oor die herstel van die ekonomie om oor te gesels.

Today's CPI inflation rate is the indicator that economists are waiting for this week, but there are also other indicators of the recovery of the economy to talk about.

Ekonome noem die besoedeling wat met die produksie van goedere en dienste gepaard gaan ʼn negatiewe eksternaliteit. 'n Europese Unie voorstel vir 'n koolstofbelasting op goedere wat hulle invoer is nog 'n goeie argument vir Suid-Afrika om groot te gaan met hernubare energie.

Economists call the pollution associated with the production of goods and services a negative externality. A European Union proposal to levy a carbon border tax adjustment on the goods that they import is another good reason for South Africa to invest heavily in renewable energy.

Ons het verlede week afgesluit met ʼn storie oor stygende inflasie in die VSA en impak wat dit op ontluikende markte het. Hierdie week word Suid-Afrika se verbruikersprysinflasie-syfer vir Mei-maand bekend gemaak en ekonome verwag dat dit ook ʼn styging gaan toon.

We concluded last week with a story about rising inflation in the US and its impact on emerging markets. This week, South Africa's consumer price inflation figure for May will be announced and economists expect that it will also show an increase.

Hierdie week het ons weer gesien hoe Amerikaanse beleidmakers die wêreldekonomie kan beinvloed.

This week we saw again how American policymakers can influence the world economy.

Marmite is skaars en Musica is toe, maar wat gaan met die flieks gebeur? Planet Money het onlangs ʼn interessante potgooi gehad wat die uitdagings verduidelik en so bietjie hoop gee vir die toekoms.

Marmite is scarce and Musica is closed, but what's going to happen to the movies? Planet Money recently had an interesting podcast that explains the challenges and gives so little hope for the future.

Dit is al meer as ʼn jaar sedert die Covid-19 pandemie die wêreld getref het en daar is nou genoeg data om interessante navorsing te doen. Een so stuk navorsing is oor die impak wat die pandemie op wêreldhandel gehad het. Die Vox/CEPR blog verduidelik deur watter kanale die impak gewerk het.

It has been more than a year since the Covid-19 pandemic hit the world and there is now enough data to do interesting research. One such piece of research is on the impact the pandemic has had on world trade. The Vox / CEPR blog has a recent article that explains through which channels the impact worked.

Ek praat so af en toe van die hervormings wat nou nodig is vir groei, maar dit is redelik wyd. Verlede week het ʼn Europese Unie kapasiteitsbouprogram ʼn #500daevirgroei colloquium gehou oor sommige van die hervormingsuitdagings. Die Financial Mail het ʼn oorsig gegee.

Every now and then I mention the reforms that are now needed for growth, but let’s face it, that is a broad statement to make. Last week, a European Union capacity-building program held a #500DaysforGrowth Colloquium on some of the reform challenges. The Financial Mail provided an excellent overview.

Verlede week se BBP groei syfers, toename in sakevertroue en die lopende rekeningsurplus is alles goeie redes om optimisties te wees oor ons ekonomiese vooruitsigte. Maar as jy nou wil wakker lê oor die ekonomie, waaroor kan jy jou bekommer? Hillary Joffe het ʼn paar voorstelle in die Sunday Times se Business Times gemaak.

Last week's GDP growth figures, the increase in business confidence and the current account surplus are all good reasons to be optimistic about the economic outlook. But if you now want to stay up at night worrying about the economy, what are the things you should be concerned about? Hillary Joffe made a few suggestions in the Business Times of the Sunday Times.

Die goeie nuus waarmee ek die week afsluit is dat President Ramaphosa gister aangekondig het dat maatskappye hulle eie elektrisiteit tot 100 megawat kan opwek, sonder dat hulle ʼn lisensie nodig het.

I am very happy to conclude the week with good news. Yesterday President Ramaphosa announced that companies will be allowed generate their own electricity up to 100 megawatts without the need for a NERSA license.

Hierdie week se ekonomiese groei-data was goeie nuus vir ekonome en jan-alleman en die Suid-Afrikaanse Kamer van Koophandel se sakevertroue-indeks is op die hoogste vlak in drie jaar.

This week's economic growth data presented good news about the economy and the South African Chamber of Commerce's business confidence index is at its highest level in three years.

Ekonome praat van geleentheidskoste as die koste van die alternatief wat jy nie gekies het nie. Die afgelope week was die geleentheidskoste van die belasting op suikerversoete drankies in die kollig.