The situation in South Africa can be explained using this analogy , Picture a troop of Baboons running through a maize field , as they run through they grab a corn cob with their left hand and stick it under their right arm , they then grab another using their right arm and shove it under their left arm, as they do this the cob under the right arm to falls to the ground , this continues until they finally reach the end of the field and at the end all they have is the one cob in their hand but the entire crop is destroyed.
Gov policies, debt + its overall priorities are not aimed at economic growth. A growth rate of 1% should have told them to adjust their priorities to the purse. Add failed SOE's needing lots of money, with its triparthd alliances in violent strikes for salary increases higher than inflation + running out of money really shouldn't have come as a surprise.
Cyril could have done something meaningful. Told South Africans last night .”We The ANC is handing over the mess to a Federal system which includes every party to save This Bloodied Country.”
They must all is heroes You and they can all is a hero Is so good and is cool -,',,, moogy lapto hero. Priest. Lead it, twerk it. Oily stuff. OIL is there and it is cool.
I am sure that you believe every white telling you lies. The ruling party does not run an economy , whites run the economy because they have all means of production and land
have done a job for a MP in mafikeng lately. its ridiculous the lifestyle they have in leopard park estate with 9 luxury cars standing outside and he can barely speak english and had to wait 2 months for my payment. so frustrating its actually sad
Kevin Ling is a very articulate and knowledgeable guest. I see more inflation in the future as the government tries to print its way out of the problem.
25 billion more spending than budgeted for! Man they are eating much better, clearly they know it’s over at the next election so let’s go crazy until then. Expect that number to grow to 100 billion before the election.
'Hakuna Matata!' - Get the government you vote for. No more complaining and just put up with your lot. Not Happy! well only you can change it by voting for change.
The deception is that without root causes analysis and factoring in all direct impact cause to the problems we face as South Africa, we will never address the problems. E.g., the problem of BORDERS and the destructive inflow illegals that RSA has had to grapple with is avoided. This is the biggest problem the Republic has to deal with, we ignore the affects of this at the continued peril to the very existence of this nation.
S M Goodson's book on the SARB and the history of Central Banking explains how to stop the enslavement to debt. Get rid of the private SARB and bring the money supply back to the government and STOP usury. Stop charging interest on money that does not exist!!! When councils and companies do not have to pay interest upon interest then the money can work for the people.
I am against central banks in general, but the fact that the SARB is private is the only reason South Africa is still standing. If you think putting that in the hands of government is a good idea, then you have no clue about monetary history.
@@dannyarcher6370 as you can gather, I'm not educated enough on the monetary system so I'm trying to find my way around the two books the Goodson wrote. I've read the SARB book and am busy with the History of Central Banking. Goodson actually wrote a proposal to bring the power back to the people although I suspect that for the reason you stated it might not be the best solution. Surely some clever people could come up with a solution that would remove the interest bearing money from the SARB? But I also suspect that the Rothschild bankers would not allow this to happen............. just like they destroyed Gaddafi and others.
Where would interest free money come from? You need to print it, which is inflation... or you need to take it from someone, which is communism. Neither works...
Government debt has grown from 23% to 73% in the last 15 years. 16% of government expenditure services only the interest on that debt. It is very clear that with shrinking revenue, rampant corruption, implementation of the NHI, a new National Social Security Fund and continuation of the SRD which has essentially become a permanent universal basic income will only have the debt pile growing in the future and a shrinking pool of taxpayers footing the bill. Let's not mention Postbank imminently becoming a state-owned bank with the VBS Mutual Bank saga still fresh in everyone's memory. South Africa is in a downward spiral with no end in sight.
Efficacy of State spending has been our most crippling economic issue over last 2 presidencies. Far too much tax revenue is being spent on priorities that do not grow the scale, variety or quality of SA's economy (ie effective investment of positive return). How else does an economy grow? Such misspending can only be termed "consumption". SA government is now borrowing to fund consumption, whilst framing it "investment". Very few state infrastructure projects in SA have projects with GDP multiplier over 1, they should be 1,8-2,3. Returns of PIC, IDC and DBSA 'investment' now fall in this fold... they earn returns lower than inflation.
The Springbok team has taken the place of Nelson Mandela to drum up support for the ANC. Another tool to control SA. Instead of one god, they now have a whole team of gods created for them.
I'm at that stage that I decided "f#ck" paying my Debts... it's more important to have a safe roof over my head and to have food...War is around the corner anyway...😮
When I was on school I was thought the basic needs; Food, clothing, housing and education Food: we have fertile soil. We have oceans. We can feed our people Clothing: We have clothing factories. We produce cotton and we have China as a buddy. Housing: Yes there are room for improvement but we much better off than 1994. Education: Continue paying them teachers. Our biggest cut in our budget. We Ok. We not doing great. But we ok 😊
Commenting on how to fix the economy in the present framework is like explaining to a thief how he can earn more when doing an honest job by improving productivity. He is not interested. He does not intend to make a living from doing an honest job.
The situation in South Africa can be explained using this analogy , Picture a troop of Baboons running through a maize field , as they run through they grab a corn cob with their left hand and stick it under their right arm , they then grab another using their right arm and shove it under their left arm, as they do this the cob under the right arm to falls to the ground , this continues until they finally reach the end of the field and at the end all they have is the one cob in their hand but the entire crop is destroyed.
"Spent the money"? You mean, STOLE THE MONEY!
This was most informative and well presented!
Gov policies, debt + its overall priorities are not aimed at economic growth. A growth rate of 1% should have told them to adjust their priorities to the purse.
Add failed SOE's needing lots of money, with its triparthd alliances in violent strikes for salary increases higher than inflation + running out of money really shouldn't have come as a surprise.
Thanks for your informative shows. They’re a great source of news and SA updates.
Never known for their intellectual skills in commerce!
Cyril could have done something meaningful. Told South Africans last night .”We The ANC is handing over the mess to a Federal system which includes every party to save This Bloodied Country.”
They must all is heroes
You and they can all is a hero
Is so good and is cool
-,',,, moogy lapto hero. Priest. Lead it, twerk it. Oily stuff. OIL is there and it is cool.
I am sure that none of the cadres have the slightest clue as to what is being said in the interview 😂😂
I am sure that you believe every white telling you lies. The ruling party does not run an economy , whites run the economy because they have all means of production and land
have done a job for a MP in mafikeng lately. its ridiculous the lifestyle they have in leopard park estate with 9 luxury cars standing outside and he can barely speak english and had to wait 2 months for my payment. so frustrating its actually sad
"The Fourth Industrial Revolution" in all its glory! 🙉🙈🙊👀💸
You'll own nothing and be happy ~ Klaus Schwab WEF 👍
Don't forget to get your booster.
Kevin Ling is a very articulate and knowledgeable guest. I see more inflation in the future as the government tries to print its way out of the problem.
Will the last person to leave the country, please switch off the lights? Oh wait....The Eskom Kante already did that....
😂
Eskom lost 23 billion alone 😢
Mr Lings speaks perfect sense but I doubt whether our current govt has the capacity to do this right now.
Spot on gentlemen
25 billion more spending than budgeted for! Man they are eating much better, clearly they know it’s over at the next election so let’s go crazy until then. Expect that number to grow to 100 billion before the election.
How to run a country into the ground
Incapable unskilled weak leadership NEVER making the hard decisions.....
What about compulsory retirement at 63yrs . We'd be able to get rid of those geriatrics in parliament who think they still in a struggle !!
Kevin,your wise words unfortunately fall on very fat,very deaf ears
Oh that means there’s enough money for NHI then 😂
Why, in 1994, did anyone think the ANC was capable of running a country? The big red flags should have been raised then already!
They knew but they had no choice.
P W kept warning . Africa proved it.
They are failures! The old stories of Africa ! What a mess..
True but interesting that assessments can lead to same conclusions but using different routes.
What about the terrible roads?
A free T-shirt on voting day will keep the gravy train running.
And grants
Excellent piece. Kevin cool.
We will have to join the sassa grant clan to feed our children and for pension for our parents and the ' stress' grant will all help!!!😂
So glad I left. Sterkte, almal!
You are one of the smart ones!
The pyramid scheme has reached the limit
Well done ANC
'Hakuna Matata!' - Get the government you vote for.
No more complaining and just put up with your lot.
Not Happy! well only you can change it by voting for change.
the whole count-tree must get SASSA - everbody gets a 3 million rand house and a mercedes - vote for me
The deception is that without root causes analysis and factoring in all direct impact cause to the problems we face as South Africa, we will never address the problems. E.g., the problem of BORDERS and the destructive inflow illegals that RSA has had to grapple with is avoided. This is the biggest problem the Republic has to deal with, we ignore the affects of this at the continued peril to the very existence of this nation.
Root cause : ANC incompetence and corruption. It's that easy , and most sane people know that.
Eskom present tem minister is captured, all talk, got no idea who's who. What a mess.
Who's been fired?
If, a very small word, with a very big meaning
S M Goodson's book on the SARB and the history of Central Banking explains how to stop the enslavement to debt. Get rid of the private SARB and bring the money supply back to the government and STOP usury. Stop charging interest on money that does not exist!!! When councils and companies do not have to pay interest upon interest then the money can work for the people.
I am against central banks in general, but the fact that the SARB is private is the only reason South Africa is still standing. If you think putting that in the hands of government is a good idea, then you have no clue about monetary history.
@@dannyarcher6370 but wouldn't interest free money be better than what we have?
@@annedewinnaar3285 Absolutely, but interest isn't the main problem. The main problem is poofing money out of thin air.
@@dannyarcher6370 as you can gather, I'm not educated enough on the monetary system so I'm trying to find my way around the two books the Goodson wrote. I've read the SARB book and am busy with the History of Central Banking. Goodson actually wrote a proposal to bring the power back to the people although I suspect that for the reason you stated it might not be the best solution. Surely some clever people could come up with a solution that would remove the interest bearing money from the SARB? But I also suspect that the Rothschild bankers would not allow this to happen............. just like they destroyed Gaddafi and others.
Where would interest free money come from? You need to print it, which is inflation... or you need to take it from someone, which is communism. Neither works...
What else can be taken except R.F.!!!
Government debt has grown from 23% to 73% in the last 15 years. 16% of government expenditure services only the interest on that debt. It is very clear that with shrinking revenue, rampant corruption, implementation of the NHI, a new National Social Security Fund and continuation of the SRD which has essentially become a permanent universal basic income will only have the debt pile growing in the future and a shrinking pool of taxpayers footing the bill. Let's not mention Postbank imminently becoming a state-owned bank with the VBS Mutual Bank saga still fresh in everyone's memory. South Africa is in a downward spiral with no end in sight.
But we won the World Cup!
What are the chances of reducing the cadres ? Nil to nothing
Efficacy of State spending has been our most crippling economic issue over last 2 presidencies. Far too much tax revenue is being spent on priorities that do not grow the scale, variety or quality of SA's economy (ie effective investment of positive return). How else does an economy grow? Such misspending can only be termed "consumption". SA government is now borrowing to fund consumption, whilst framing it "investment". Very few state infrastructure projects in SA have projects with GDP multiplier over 1, they should be 1,8-2,3. Returns of PIC, IDC and DBSA 'investment' now fall in this fold... they earn returns lower than inflation.
What happens if inflation continues to rise and rates continue to go up like everywhere else in the world?
Riots
Rand will collpse.
Venezuela 2.0
They shall blame apartheid in the very end.
And Bokke. We have Bokke. We are the champions we are the champions
All because of APARTHEID 😂😂😂😂😂😂😂😂
The Springbok team has taken the place of Nelson Mandela to drum up support for the ANC. Another tool to control SA. Instead of one god, they now have a whole team of gods created for them.
Well...what needs to be done, or changed, to get to economic growth rates to reach 4-5%? And what are the reasons for the sluggish economic growth???
Step 1. Stop stealing.
BBEEE
No salary cuts but you will pay
The chickens are coming back home to roost. Moneys are gone… to Europe on luxury goods… bloody colonialists 😮
I'm at that stage that I decided "f#ck" paying my Debts... it's more important to have a safe roof over my head and to have food...War is around the corner anyway...😮
😂
You are wrong this is the worst spending ever
2:35
So in essence, when this "minister of finance" presents his financial budget - he'll have a dead aloe to illustrate the bad situation we are in....
And the plant container is in the pawn shop
@@winstonenglish285 🤣🤣🤣 never thought about that - I guess so - or its broken like all the SOEs🤣🤣
Thrimble. Kolli kolli collie dogs curly hair. It is a spin.
When I was on school I was thought the basic needs; Food, clothing, housing and education
Food: we have fertile soil. We have oceans. We can feed our people
Clothing: We have clothing factories. We produce cotton and we have China as a buddy.
Housing: Yes there are room for improvement but we much better off than 1994.
Education: Continue paying them teachers. Our biggest cut in our budget.
We Ok. We not doing great. But we ok 😊
Much better than 1994??? You are bat shit mad!
😂 China a deal with the devil. If you think apartheid was bad. Wait until you default on those chinese loans.
if we are the most intelligent spiesies on earth why should we pay to live. makes u wonder doesn't it
souuth africa's economic fall has the trajectory of a turd going down in a long drop.
Commenting on how to fix the economy in the present framework is like explaining to a thief how he can earn more when doing an honest job by improving productivity. He is not interested. He does not intend to make a living from doing an honest job.
Sleepy sleepy and heroicly
Plays runkby. Strugbie
Leads a lid