MPC | "People are losing houses and we are not creating jobs": Dr Roelof Botha

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  • Опубліковано 9 лис 2024

КОМЕНТАРІ • 88

  • @thapelokekana4847
    @thapelokekana4847 Місяць тому +31

    Dr Botha is brutally honest.

  • @donnybrasco6675
    @donnybrasco6675 Місяць тому +25

    Well Done for asking the right questions. Dr should be included in cabinet

    • @truth-Hurts375
      @truth-Hurts375 Місяць тому +2

      Really ....

    • @christopherbuckley619
      @christopherbuckley619 Місяць тому +3

      @@truth-Hurts375Dr Botha is very capable. Most in the cabinet are not able in their positions. There are too many comrades in the cabinet who are not appointed on merit.

    • @GSGLondon92
      @GSGLondon92 Місяць тому +1

      He is the wrong colour unfortunately, they only put a certain kind in cabinet and that’s why it’s a mess

  • @ernestmashilo7728
    @ernestmashilo7728 Місяць тому +31

    Thoroughly enjoyed this interview. The Dr was brutally honest. The SARB should contribute to developing the country and caring for its people, not this nonsense we have been seeing

    • @truth-Hurts375
      @truth-Hurts375 Місяць тому

      Go try study Economics....
      DomDoos !!!!

  • @paulinapatel
    @paulinapatel Місяць тому +25

    He is really telling truth. People are pulling hard on the ground.😢

    • @truth-Hurts375
      @truth-Hurts375 Місяць тому +1

      It's a world wide thing....SA is not on the moon !!!!
      Domkoppe !!!!

    • @lindiedelange3801
      @lindiedelange3801 Місяць тому

      @@truth-Hurts375true, but we don’t live on the moon do we? South Africans just want to survive, and most are battling.

  • @SS-xt4kh
    @SS-xt4kh Місяць тому +15

    Someone who have sense....

  • @owijayson
    @owijayson Місяць тому +15

    Can this man be the reserve bank president please 🙏🏽 n fix this whole mess wev been dying life is unbearable lately

  • @modirijack9003
    @modirijack9003 Місяць тому +24

    I have always said Leseja Kganyago and his team are for the rich.

    • @MusehanaH
      @MusehanaH Місяць тому

      ...they are for the Reserve Bank investors.

    • @mogamatyusufmartin9171
      @mogamatyusufmartin9171 Місяць тому

      Definitely he is for the rich and foreign interests plus corporate SA interests as while....it's a slap in our faces it's like saying take this you lucky you getting something

    • @mogamatyusufmartin9171
      @mogamatyusufmartin9171 Місяць тому

      Ps that's what he and the MPC are actually saying

  • @renekilner7712
    @renekilner7712 Місяць тому +6

    Haven’t seen him this upset for a long time !!!

  • @imatanyani
    @imatanyani Місяць тому +2

    This man is on point

  • @lesibaAlbert
    @lesibaAlbert Місяць тому +10

    The current govenor and his mpc/ commitee seem to please certain group that happens to be capitalists/ financials or monopolies in this country, but, in addition it also wants to please American capital institutions and rating agencies and thats how our country remained stagnant for too long. The guest said the truth about reality of south Africa, most analysts do not want to speak truth, fearing that they may be seen to be leaning towards particular ideologies that is anti capital market economy or capitalism in general. Analysts should speak how the economy of this country remained stagnant for sometime and not creating jobs and chat the way foward. And that should include creating of decent jobs with the intention of creating demands in the country. In this current economic environment, the people of this country cannot even afford the basics and only few can. It is a shame to our government and its institutions like reserve bank, treasury and private sector that have been complacent for sometime.

  • @oya-hazelgumede711
    @oya-hazelgumede711 Місяць тому +1

    Bless Dr Botha… he is so frustrated 😩😩😩 ..’The Reserve Banks monetary policy has lost the plot!’ Quotable quote Dr Botha🙌🏾

  • @rhodiacoetzer1657
    @rhodiacoetzer1657 Місяць тому +5

    Couldn’t agree more. SARB is captured!

  • @rodgeralexander2688
    @rodgeralexander2688 Місяць тому

    I feel your emotion Sir! And would like to learn more! Thank you

  • @JeromePerumal-dh3ff
    @JeromePerumal-dh3ff Місяць тому +3

    His suggestion that the MPC should expanded to include economists that have a more sober take on our realties is spot on. The MPC is out of touch with the impact of high interest rates on the ordinary citizen. The next cut the MPC must consider 100 basis points as a minimum.

  • @michaelmashele867
    @michaelmashele867 Місяць тому +15

    At last some one with sense. We have been suffering under this screaming Reserve bank governor! People loose properties and jobs and he is not concerned about it.

  • @manimavuso
    @manimavuso Місяць тому +2

    Thank Dr Botha. Governor Kganyago is anti poor

  • @elizabethandrsu369
    @elizabethandrsu369 Місяць тому +9

    People are loosing houses because there are no jobs for them, and nobody is creating jobs but they are busy fighting their politics who must be the next to lead . Question is :, to lead who and how ? . Graduates with no Skills hanging around with degrees for nothing. This country is just a shameThese politicians are just selfish fighting for their pockets. The gentleman says things the way they are .Thanks Dr Mr Botha.

    • @mirriamduma4959
      @mirriamduma4959 Місяць тому +1

      People are suffering while others are swimming emcebweni we Mali kumnandi Kubo😭😭😭😭

    • @elizabethandrsu369
      @elizabethandrsu369 Місяць тому

      @@mirriamduma4959 Usizi olu .

  • @bonginkosigoodwillndhlovu6776
    @bonginkosigoodwillndhlovu6776 Місяць тому +1

    Indeed Dr. Botha, part of the transmition machanism is to discourage spending to curb inflation through interest rates. However, the country is not growing or flat at less than 1% with high unemployment above 30%. Who is the MPC discouraging to spend when disposable income is in a decline due to stagnation and high unemployment rate? There is a big disconnect with the economic model used of the monetary policy and fiscal policy in this country. It seems like more focus on external economic activity than internal focus. It also seems vulnerable to absorb the external shocks their focusing on. It then suggests a relook on the economic structures and policy.

  • @MichaelSmith-yr8rb
    @MichaelSmith-yr8rb Місяць тому +1

    Glad he mentioned basic income for food
    Every nation needs that now

  • @ceciliaviljoen93
    @ceciliaviljoen93 Місяць тому +4

    Dr Botha should be our president

    • @graesha
      @graesha Місяць тому

      😂😂😂that’s our problem

  • @RianRian-em2ng
    @RianRian-em2ng Місяць тому +2

    Yes yes but you working with the ANC hallooooo

  • @darrylcoomer1539
    @darrylcoomer1539 Місяць тому +1

    When the experts in trade, economy, private sector and industry (like this man) is ignored by the senior leaders in government, it makes you wonder how motivated the ANC really is in growing the economy compared to lining their own pockets??? Interesting!

  • @christopherbuckley619
    @christopherbuckley619 Місяць тому +2

    I hope the MPC can learn from this video

  • @lethebelaphala8785
    @lethebelaphala8785 Місяць тому

    A sober Dr

  • @AnnetteCarolanFourie
    @AnnetteCarolanFourie Місяць тому +1

    I agree something needs to be done to help people create or make a living rather then loose what they have worked hard for plus have as basic need home food water basic needs its shocking to see how a lot of people now live

  • @siphosymposiummadikizela3733
    @siphosymposiummadikizela3733 Місяць тому

    Dr Botha, thank you very much for your insights and big financial institutions are manipulating our monetary policies for their gains.

  • @RianRian-em2ng
    @RianRian-em2ng Місяць тому +1

    NO one over TIME not too be TAX

  • @rogerspillay1064
    @rogerspillay1064 Місяць тому +1

    The reserve bank is completely out of touch with the poor people. They are concerned about the shareholders

  • @innocentnzuza3749
    @innocentnzuza3749 Місяць тому +1

    The day it does down and stays down should be the day news rooms cover this story. Its going up again just like fuel and all other costs.

  • @Richard_mthethwa
    @Richard_mthethwa Місяць тому +2

    The Dr. Says the prime rate should be at 9,5 percent,He put facts on the table and those who want to be seen as the educated and understanding society say without high interest rates the inflation will rise and weaken the rand, yoo! Clever South Africans.

    • @bonginkosigoodwillndhlovu6776
      @bonginkosigoodwillndhlovu6776 Місяць тому

      The rand is under valued for geo political reasons. It supposed to be at least between R10 and R12 respectively. Our inflation is at 4% within the 3 to 6 percent target, meaning inflation is not necessary an issue. However, weak rand is not necessary a bad thing but should be driven by high production out to encourage exports. Therefore, high production output result in economic growth and eventually the rand will improve its strength back due to economic activity with trade in exports and imports.

  • @AbsolutelyRufus-o1h
    @AbsolutelyRufus-o1h Місяць тому +1

    😢 The people don’t even realize how they are being robbed by the financial system.
    For those of you that find it difficult to understand, I suggest you listen to jeff booth to understand it in simple/ layman’s terms.
    “.......understanding humanities greatest paradigm shift...”

  • @phantasm963
    @phantasm963 Місяць тому +2

    Who hires the MPC?

  • @petrosdlamini1761
    @petrosdlamini1761 Місяць тому +8

    South Africa has to decide to stay in the old ways or move to a new environment of putting it self first, not playing sympathy to USA policies,we chopping and change like we are a first world country,we cut coal power to renewable which are expensive,and the delusions that our problems started with Zuma which is nonsense, our problems are that our own who benefit from the economy don't invest back,power government expenditures,no accountability when it comes to policies that are not implemented,it looks like we still a colony of someone nobody wants to invest here regardless you white or black because we do have rich black people but they are not investing to develop this country it's all profit 😢

    • @MusehanaH
      @MusehanaH Місяць тому +1

      The US export their inflation to outside the US. Developing nations suffer the most

  • @ethekwenimobility7234
    @ethekwenimobility7234 Місяць тому

    The repo rate needs to be cut to 1% ..

  • @TebogoMamarara
    @TebogoMamarara Місяць тому

    25 basis points is nothing 😢

  • @gabshide
    @gabshide Місяць тому +1

    The private sector can create jobs when government provides the infrastructure like electricity, roads, ports etc. You know, the stuff we pay taxes for.

  • @njabulomsane458
    @njabulomsane458 Місяць тому +1

    FIRST WHYT MAN THAT ACTUALLY GETS IT.

  • @Enrico-q6b
    @Enrico-q6b Місяць тому +1

    So true. What happened to all the jobs Ramaphosa promised?

  • @christopherbuckley619
    @christopherbuckley619 Місяць тому +1

    MPC you obviously could have done at least half a per cent. Learn from Rodolf Botha who is an excellent economist .

  • @edwardsmall8865
    @edwardsmall8865 Місяць тому +1

    Too little Too late.

  • @troy1709-h5f
    @troy1709-h5f Місяць тому

    Those who live above their means through bank loans must be disciplined with high interest rates.
    Those who save money in banks must be rewarded by high interest rates.

  • @kagisomotsepe9143
    @kagisomotsepe9143 Місяць тому +1

    Central Banks all over the world are debasing their currency & that makes it impossible for the working class to afford goods & services. It's going to get extremely worse & if you don't own assets like cryptocurrencies, shares, stocks or investment properties then everything will be expensive for you in the near future.

  • @really.unlikely
    @really.unlikely Місяць тому +1

    Who in their right mind would invest in SA and create jobs with no electricity, high crime and destructive Trade Union action in SA. Investors are for 10 years now, leaving for countries where rule of law is maintained and productivity levels are high.
    SA can't offer any of these. This is a lazy, crimefull nation.

  • @enthalpy3072
    @enthalpy3072 Місяць тому

    Busi Mkhwebane Reserve Bank report.

  • @peterwomersley
    @peterwomersley Місяць тому

    its the only thing keeping the curency afloat Works in tandem with Us interest rates

    • @MusehanaH
      @MusehanaH Місяць тому

      That is also true...else more capital flight feom SA to US

  • @elrichfernandinho9356
    @elrichfernandinho9356 Місяць тому

    He is talking EFF cardinal pillars

  • @MzontsunduThetyana-js8kv
    @MzontsunduThetyana-js8kv Місяць тому

    If Ku khala amagamla thina singoban 😢😢

  • @MusehanaH
    @MusehanaH Місяць тому

    Does not help that the little jobs that we have tend to be almost all occupied by foreign nationals.

  • @omphilwemoja3813
    @omphilwemoja3813 Місяць тому +3

    Nationalize the Rerseve Bank, it cannot be that the big 5 banks are the shareholders of the Reserve bank.

  • @codymakwela3195
    @codymakwela3195 Місяць тому

    N they said nywe nywe GNU will save South Africa.. Total madness!! Nxa

    • @MusehanaH
      @MusehanaH Місяць тому

      EFF and MK will sink us in less than a day 🙃

    • @mechailreydon3784
      @mechailreydon3784 Місяць тому

      No one thing can ever save a country

  • @thembimaseko9600
    @thembimaseko9600 Місяць тому

    Other part of E C they are eating monkeys watch cutting edge. Buy electricity and food with credit card or overdraft go as far as Abomashonisa to push month end. Kuningi. Even bond we are not consistent.

  • @moosesnWoop
    @moosesnWoop Місяць тому +2

    Lol this is why he's a professor and not a central banker 😂😂
    Let the central bankers work. 😂😂 go back to teaching 😂

  • @edwilljohannes4599
    @edwilljohannes4599 Місяць тому +1

    Forward with the EFF Forward

    • @really.unlikely
      @really.unlikely Місяць тому

      Does that include Shivambu? 😂😂
      Looks like he's going forward on his own😂😂😂

  • @harrionl
    @harrionl Місяць тому +1

    Fact: The Rand will slip in value without a high interest rate. Inflation will go through the roof and we’ll land up in a similar situation to Zimbabwe.

    • @entervalhalla8484
      @entervalhalla8484 Місяць тому

      In that case let's be happy with high unemployment rate. Lowering rates cuts the cost of borrowing which leads to more jobs. We have a big problem of unemployment and high rates are a contributing factor.

  • @B3748Autorun
    @B3748Autorun Місяць тому

    Another reason why we need to nationalise.. the reserve bank must be utilized for the benefit of citizens not these private shareholders playing chess making us pawns

  •  Місяць тому

    This is who we need not the Thieve Floyed Shivambu we need the NGU we are going nowhere