@@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.
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
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
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.
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.
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.
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.
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.
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!
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
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.
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.
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 😢
😢 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...”
The private sector can create jobs when government provides the infrastructure like electricity, roads, ports etc. You know, the stuff we pay taxes for.
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.
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.
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.
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.
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.
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.
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
Dr Botha is brutally honest.
Well Done for asking the right questions. Dr should be included in cabinet
Really ....
@@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.
He is the wrong colour unfortunately, they only put a certain kind in cabinet and that’s why it’s a mess
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
Go try study Economics....
DomDoos !!!!
He is really telling truth. People are pulling hard on the ground.😢
It's a world wide thing....SA is not on the moon !!!!
Domkoppe !!!!
@@truth-Hurts375true, but we don’t live on the moon do we? South Africans just want to survive, and most are battling.
Someone who have sense....
Can this man be the reserve bank president please 🙏🏽 n fix this whole mess wev been dying life is unbearable lately
I have always said Leseja Kganyago and his team are for the rich.
...they are for the Reserve Bank investors.
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
Ps that's what he and the MPC are actually saying
This man is on point
Haven’t seen him this upset for a long time !!!
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.
Bless Dr Botha… he is so frustrated 😩😩😩 ..’The Reserve Banks monetary policy has lost the plot!’ Quotable quote Dr Botha🙌🏾
I feel your emotion Sir! And would like to learn more! Thank you
Glad he mentioned basic income for food
Every nation needs that now
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.
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.
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.
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.
People are suffering while others are swimming emcebweni we Mali kumnandi Kubo😭😭😭😭
@@mirriamduma4959 Usizi olu .
Couldn’t agree more. SARB is captured!
Thank Dr Botha. Governor Kganyago is anti poor
Dr Botha should be our president
😂😂😂that’s our problem
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!
Yes yes but you working with the ANC hallooooo
Dr Botha, thank you very much for your insights and big financial institutions are manipulating our monetary policies for their gains.
A sober Dr
I hope the MPC can learn from this video
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
The reserve bank is completely out of touch with the poor people. They are concerned about the shareholders
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.
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.
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 😢
The US export their inflation to outside the US. Developing nations suffer the most
The repo rate needs to be cut to 1% ..
25 basis points is nothing 😢
😢 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...”
NO one over TIME not too be TAX
The private sector can create jobs when government provides the infrastructure like electricity, roads, ports etc. You know, the stuff we pay taxes for.
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.
Who hires the MPC?
So true. What happened to all the jobs Ramaphosa promised?
FIRST WHYT MAN THAT ACTUALLY GETS IT.
MPC you obviously could have done at least half a per cent. Learn from Rodolf Botha who is an excellent economist .
Busi Mkhwebane Reserve Bank report.
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.
Too little Too late.
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.
its the only thing keeping the curency afloat Works in tandem with Us interest rates
That is also true...else more capital flight feom SA to US
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.
If Ku khala amagamla thina singoban 😢😢
Nationalize the Rerseve Bank, it cannot be that the big 5 banks are the shareholders of the Reserve bank.
Stupid troll.
Does not help that the little jobs that we have tend to be almost all occupied by foreign nationals.
He is talking EFF cardinal pillars
N they said nywe nywe GNU will save South Africa.. Total madness!! Nxa
EFF and MK will sink us in less than a day 🙃
No one thing can ever save a country
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.
Lol this is why he's a professor and not a central banker 😂😂
Let the central bankers work. 😂😂 go back to teaching 😂
BEE BBBEE
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.
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.
Forward with the EFF Forward
Does that include Shivambu? 😂😂
Looks like he's going forward on his own😂😂😂
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
This is who we need not the Thieve Floyed Shivambu we need the NGU we are going nowhere