Die ekonomie minuut

Ek was vir so week met vakansie en het gedink om vinnig ʼn opsomming te maak van die belangrike ekonomiese gebeure in die week wat Die Ekonomie Minuut nie gemaak is nie.

It appears that the recovery of the economy is ongoing, and that is good news. ABSA's Purchasing Managers' Index and new vehicle sales point in the right direction.

Volgens vervaardigingsdata en nuwe motorverkopesyfers lyk dit of die ekonomie besig is om verder te herstel na die Covid-19 inperking. Dit is goeie nuus.

The Western Cape government announced last week that it was considering introducing a minimum price per unit of alcohol as part of changes to the province's liquor legislation. By increasing the price, they hope to reduce binge drinking. There are interesting pieces of microeconomics around the plan.

Die Wes-Kaapse regering het verlede week aangekondig dat hulle oorweeg om ʼn minimumprys per eenheid alkolhol in te stel as deel van veranderinge aan die provinsie se drankwetgewing. Deur die prys te verhoog hoop hulle om sogenaamde fuifdrinkery, of “binge drinking” te verminder. Daar is interessante stukkies mikro-ekonomie rondom die plan.

Die afgelope week was daar berigte dat die brandstofreus Total ʼn tweede groot gasveld in Suid-Afrikaanse waters gevind het. Daar word geraam dat dit tot R1,5 triljoen se voordeel vir die ekonomie kan inhou oor die volgende 30 jaar. Wat sou daardie voordele wees?

In a week where the news was dominated by the Minister of Finance's Mini-Budget, the rest of the economic news indicates how slowly the recovery of the economy is taking place.

In ʼn week waar die ekonomiese nuus oorheers is deur die Minister van Finansies se Mini-Begroting dui die ander ekonomiese nuus op hoe stadig die herstel van die ekonomie plaasvind.

Yesterday, the Minister of Finance Tito Mboweni delivered the medium-term budget policy statement, and here is what you want to know.

Minister Tito Mboweni het gister die medium-termyn begrotingsraamwerk in die Parlement verduidelik en hier is wat jy wil weet.

This afternoon, the Minister of Finance delivers the mini-budget. This morning I want to quickly explain what people should listen out for in the speech and comments afterwards.

Vanmiddag lewer die Minister van Finansies die mini-begroting. Vanoggend wil ek gou verduidelik waarna mense kan oplet in die toespraak en kommentaar daarna.

Hierdie week se ekonomiese nuus gaan bestaan uit belangrike aanwysers en die mini-begroting.

This week, the Minister of Finance delivers the mini-budget. Regular listeners will know that fiscal discipline is needed. The Minister needs to reduce the difference between government spending and tax revenue so that we can borrow less. According to the so-called active scenario, R230 billion must be cut over the next two years. What is he likely to cut and what will it mean for the economy?

Hierdie week lewer die Minister van Finansies die mini-begroting. Gereelde luisteraars sal weet dat fiskale dissipline nodig is. Die Minister moet die verskil tussen die owerheid se besteding en belastinginkomste kleiner kry sodat ons minder hoef te leen. Volgens die sogenaamde aktiewe scenario, moet daar R230 miljard oor die volgende twee jaar besnoei word. Waar gaan hy besnoei en wat gaan dit to...

This week's economic news is going to consist of important economic indicators and the mini-budget.

The other economics news for the week is about data indicating the impact of the lockdown on the economy and the recovery that is underway.

Die ander ekonomiese nuus vir die week is data wat dui op die impak van die inperking op die ekonomie en die herstel wat aan die gang is.

The white maize price has risen sharply since August and in the past week traded at R3578 per tonne. It's almost back to where it was at the beginning of the year when stocks were low and we were still waiting for the summer harvest to come in. What's going on?

Die witmielieprys het vanaf Augustusmaand af skerp gestyg skerp en staan die afgelope week op R3578 per ton. Dit is amper terug waar dit aan die begin van die jaar was toe voorraad min was en ons nog gewag het vir die somer-oes om in te kom. Wat is aan die gang?

This week the Planet Money podcast looked at economics research with lessons learned from the pandemic. Of course, the focus is on the US, but the lessons also have a flipside here in South Africa. Here are the four major conclusions.

Die Planet Money potgooi het die week gekyk na ekonomiese navorsing met lesse vir die pandemie. Dit het natuurlik ʼn fokus op die VSA, maar het ook ʼn spieelbeeld hier in Suid-Afrika. Hier is die 4 groot gevolgtrekkings.

Much has been written about the SAA. At the moment, the business rescue practitioners are waiting for the government to get find another R10 billion bailout to get what is left of the airline and get it flying again. We are all waiting to see if Minister Mboweni can get it out of the mini-budget in a fiscally neutral way. I want to argue that lifelines should go to people rather than companies.

Daar is al baie geskryf oor die SAA. Op die oomblik wag die sakeredders vir die regering om nog R10 miljard in die hande te kry, om dit wat oor is van die lugredery van die grond af te kry. Ons almal wag om te sien of Minister Mboweni dit op ʼn fiskale neutrale manier uit die mini-begroting kan haal. Ek wil argumenteer dat die reddingsboeie moet eerder na mense toe gaan as na maatskappye.

Last week, the economic news and The Economics Minute focused on President Ramaphosa's Economic Reconstruction and Recovery Plan for the future, but this morning we have to ask how is it going at the moment? Is the shape of the recovery V, U, or L?