Oh they know what it means 100%... They responsibilities are to uplift themselves and those in their circle. And they take full responsibility to keep the public ignorant by keeping them poor and uneducated so that it's much easier to woo them during election time.
Kak praat nie !!! Go do the Maths.. DomDoos !!! There is no way in hell that the same office..different boss.. could do that amount of work with the same lazy people in a 100days !!! Stop believing this Bullshit Apartheid Propaganda !!!!
Thank you for using the abbreviation ASA for Triator Mashaba's diminishing gang. Since when should the media/ public let them be prescribed how they should employ abbreviation standards?!
While it is ok for Matric Domkop John Steenhuisen to crawl up Ramaphosas ass !!!He is still nowhere to be seen....must got stuck there !!! Why is that ??? DomDoos !!!
My views on solving the problem differs greatly. 1. The quality of education in the country needs to improve dramatically. So that our citizens can produce more. 2. The SARB needs to set aside a portion of it's reserves to invest in fast growing startups. 3. The state needs to cut spending
The point of order is as follow: The government should not have any power to limit or impliment laws that restrict the economy. The government was created by the citizens to render a service to the people. They are thus servants. In this screwed country of us, the government is seeing us, the citizens, as serving the government and also paying them to serve them. That makes no sense. We have created the government to govern our surplus money and develop the land to create a place for our children to move into and start their own economic endavours. Thus, the role of the government is to serve the citizens, and get payed to do so, to expand the economic opportunities so that the economy grow with the population growth. Currently, the government is not expanding anything, not creating space for the growing population and just stuffing their pockets with our money while seeing themselves as our superiors. Therefore, the population has outgrown the economy in SA with 10% +... This action led to massive rural areas and townships being created by the growing population and also causing people to fail in getting jobs which lead to a massive jobless and poor society. So, to conclude: the great inequality currently in SA, has been created and tailor-made by the government over a period of 30 yrs while they have been living large on us, the tax payers', money... Trillions of rands have been looted and stolen by government officials over the years and exported to other countries through the buying of international luxury cars, brand clothing and many more luxury items that make the government servants' lives so so nice and easy...
The young and very capable DA Ministers of the GNU are shaking things up and bringing positive change and progress to our beautiful country !! Well done DA!
@boomshlang The DA spends public money honestly ( Clean Audits) and properly , on maintaining and building new infrastructure for our country, and on delivering better basic services to the people!! Poor people rely heavily on Government services, because they cannot afford to replace them with private ones!! Where these services are properly provided, poor people benefit the most since their quality of life improves dramatically!!
@@boomshlang See - DA delivers for the poor and vulnerable, BusinessDay. See - Impressive new school in the Western Cape, RUclips. This is a beautiful new Kasi school in Lwandle in Cape Town!!
I would have loved to hear what Dawie says about the Russian economy and how it is surviving the sanctions as he does have ties with Russia and maybe knows a lot more than we do.
The Westerners believed that the sanctions imposed on Russia will be a self-induced coma which is an emergency that requires immediate treatment, but the war is carrying on for almost 3 years (WW2 was 6 years) and Russia’s allies in the BRICS is getting stronger by the day. The worst is that Ramaphosa is silent on this while he is very outspoken on the Israel / Gaza conflict!
I will loose less money if I stop doing business and I'm one of many the government is bleeding us dry this economy would not last long in this current form
Mike expand your show and do a deep dive on demography -its a problem far greater than most realise -A deep dive on the data shows why its a very big problem ,especially for generations to come
I am obsessed with demography, if I had to start, I wouldn't be able to stop. Not enough people are understanding just how much the world is about to change.
It doesn’t have to be explained.. MK & EFF will TOTALLY destroy South Africa. Remember the looting under Zuma? Remember VBS by the EFF? It will be that but in STEROIDS!
South Africa is not heading for default.. we, the people did not sign on the dotted line for the so called RSA debt, that's on the political class.. they loaned that money, they blew it out their a's and they are responsible..
That Mielies analogy is actually very good and needs to be repeated often. All the big economics either goes over peoples heads or they phase out mentally when hearing it. If you put it in such terms lay people immediately understand and begin to grasp the problem. Instead of talking about “GDP percentage, growth rates , fiscal printing etc”
Dawie the statement “ … cannot believe that there are more than 300 million people in the US and these are the 2 best candidates …” the same can be said about South Africa President, clearly democracy is failing us in South Africa and the GNU is circling the drain, with the ANC and its failing policies determining if this circling is clockwise or anti-clockwise!
Modern monetary theory for you. Inflation = Increase in the money supply. Hi rates = savers being rewarded not punished and the Govt simply inflate the debt away.
@@moderate1452 SA's GDP to debt ratio is lower than the US and UK, so called first world counteies that continue tonprint money and we must continue to follow their ways of doing things. Wake up Saffas. We in a good space here. Watch the US election debates/ speeches/analysis and u will realise what I am saying
@@hectorvere5072 Financial markets and lenders will treat debt ratios differently when you include the risk factors facing each country. SA has very market unfriendly policies which lenders hate. We are also hostile to the very countries which are lending us money. We can run up the debt, but please understand that the lenders are not crazy about our debt.
Very interesting, thank you. As long as the ANC remains (effectively) in power, with their potential membership growing fastest, there is absolutely no chance of them 'getting' this as it flies straight against their Socialist / Communist Ideology. Should we not be focussing max energy on developing a Viable Alternative that can demonstrate in measurable terms what is possible? Be that Western Cape as 'Independent State' - or whatever is possible. 7% plus growth p.a., International investment, Tech Innovation, Massive Education & Development drive, Safe Living Environment, Property Rights, Law and Order, Home to Families . . .
Dawie wat ek wil weet, wat is die % belasting wat gehef word op die parlements lede? Die gewone burger word belas op inkomste en dit word verhaal voordat hy/sy salaris ontvang
We need to list every SOE on the JSE immediately.... publicly traded, Davie Roodt you must promote the idea to save us... a wave of investment and an improvement of our finances, accounting standards and enthusiasm ....
If most (85%) of the national debt is rand denominated then there is no need to be worried about tenuous scenarios like Trump's toothache. Better to worry about his tariff plans which South Africa cannot affect.
As much as I hate the ANC , as much as I agree with 95% of what Dawie says the idea that SA should give up on it’s sovereignty or become a “vassal state “ for the likes of the US is unacceptable
Bruh pissof to england then, this is africa and even all our issues we are still in better place than most African nations. The more south you go the more industriliazed and less advanced because of least contact with euros years ago. Yet sa has good quality uni's who are very aware of the markets. Problem is gov policies and brain drain. Did you know usa gives bursaries to top quality students from sa schools?
24:40 the commentary that free-trade has no cost is delusional, it costs your country the opportunity of those industries (and all the jobs that go with it) especially when dealing with countries where you cannot conpete on price because they make use of slave-labour
South Africa does not have jobs for the people. The young man has no work. Jobs are few and the future does not look bright for any one living here. We loosing all our medical professionals. Canada Australia New Zealand
I disagree. Our SA demographic profile shows trouble. 920 000 thousand school leavers per annum , and how many new jobs created by our pathetic govt? 200 000 odd?
Dawie failed to bring to light the other side of his suggestions, like the minimum wage being there to protect employees from exploitation or digital nomads gentrifying cities like cape town with their foreign currency that is stronger. Conviniently left off the negatives
@@SueLeo1trade schools are expensive and not well known in sa, dispite our water/sanitation issues. Everyone believes uni is the way yet after that there's no jobs for doctors, etc? It's anc and their management for last few decades i believe.
The difference is they have more tax payers than those living on handouts. Out deficit is as a result of state capture and the socialist policies of the ANC under Zuma and the 9 million taxpayers supporting social grants for those millions unemployed. There is no plan from the ANC to grow the economy to fund future government expenditure and hence borrowing takes place to fund deficits and the interest bill is becoming the highest government expense in its own. Communism and socialism at its finest.
If follow, Christine Legard imf chair, Peter schiff renowned economics, Jim Roger's the guy who predicted the 2001 crush, 2008 crush. They all say that the EU is broken and America is going to face hyper inflation and economic depression starting next year. It's going to be worse than the 1929 depression 😁🤓💯
@@KhanyisoNtloko But those indices are where from exactly? Generally whole world is broken, but truth is in details, not gossiping economic indices blown from own imaginations 🫣🤔
In a Marxist Socialist regime like South Africa...😮 When U live in a country with a supposedly Capitalistism has a moral basis. Then unless U have Economic Freedom...U will have no Freedom at all.... This gentleman is talking so glibly about things, that aren't really true, because this ANC government certainty doesn't have the interests of people of South Africa at heart...The Private sectors and Industrialists are the ones who are the only ones, who can create wealth within in the country. The government has clear limits and boundaries to which the government cannot override, as they can't run everything and therefore shouldn't even try. Freedom for individual means having the ability to develop his or her talents so as they can develop their own economy freedom. This is the only way forward is to have a Capitalist society. But what has happened in the meantime. With a Socialist government is sooner than later, U will run out of everyone's and out of everybody else's money 🤑.... This has and is happening. Besides this ain't rocket science...😮 It's a fact...
Anc gov can create money, if they ran the state seo right it would create income to pay their wages. But we pay their wages and they steal from us every lvl. Its just retards even china isnt communist as much as they say, and russia oppressed many slavs, fins,etc in their communism aswell as west germans for decades. That ideology was built on oppression, and people who say caiptal leads to war like Hani said once, im sure the mfecane was because of capitalism, aswell as every war over the centuries in Africa, euro, etc.
Just my comment on the China matter: The low per capita consumption on the Chinese will also cap their porential growth if you couple it with the CCPs behaviour.
The guy calls tax a form of theft but wants to have amazing roads and bridges and dams and public airports etc. For an old guy he knows what apartheid was like and yet says the government is restricting free trade because of a minimum wage?! Does he forget conveniently that the apartheid regime and private capital exploited workers so thoroughly it may well have been slavery. The basic conditions of employment act is a milestone piece of legislation and yet it's treated like a pariah piece of legislation yet exploitation led us there. Does he really think that people will be honest and pay fair wages in time when there are people out here selling fake food and the like? This far right ideology is what's left us to global pollution levels where they are and lung cancer from smoking. Companies lied to us and bribed politicians to avoid simple legislation. And when proposed legislation is touted they act like it's the end of the world of free trade and when it's enacted it's not . I like this show but please bring more credible,honest and pragmatic economists who can push this country forward with real proposals not pie in the sky ideas. Minimum wages has not moved the needle in any way in SA. And you can't call yourself a business if you can't pay minimum wages. Here are my proposals. Connect everyone to the internet , every rural child should have access to the internet in their home. An old PC or something ,access to Internet data should come down as a result. 2. Income tax should be derived from back yard dwellers in shacks all over the country and formalised for purposes of increasing access to credit. Reduce the military budget to one of high tech drones and an air force and navy instead of a big infantry, save the proceeds and redirect to technology startups. Impose a capital gains tax once off to pay off apartheid debt, and raise funds for a sovereign wealth fund. Reduce the social wage by cutting some grants given in exchange for a business loans and startup capital for the township and local income economy. Help businesses that are startups by paying for growth through a labour scheme where the unemployed but employable can work for startup businesses and gain valuable experience.
We don't need a minimum wage because it will not solve any problems. Jobs are the big problem and people need jobs. It is better to have low unemployment and everyone can earn money compared to high unemployment and a few people earn at minimum wage. Tax is a good and a bad thing. You do need tax money to fund for infrastructure and a good infrastructure will help other businesses to perform better. The problem with tax is if you take more and more tax money from people and waste it, then businesses and people will get less in return. Also more tax will make stuff more expensive and make life for poor people even more difficult.
TAX IS ON YOUR SAVINGS, TAX is on your spending, tax is on your employment, tax is on your innovation, TAX IS ON YOUR PRODUCTION. TAX IS ON YOUR EMPLOYMENT. You can build a million roads it won't help if no one has jobs and the private sector can built roads and railways 10x faster and 10x better. Just wake up!
Ou Dawie...feeding off the negative uninformed... with skewed sratistics......somehow he forgot to mention things like most of our debt ...Rand denominated...most of our top investors positive about SA and africa in long run.... Dawie u r doing more harm than goood...tell u what ..next time u want to buy a new car by talking stront about SA...just ask first, we'll donate one, just stop talking kak ..please
HEY Dawie....Is that before or after a U.S,/ French default. Your economics is outdated and backward. Please refer to the new monetaryand fiscal policy guidelines as set out by the IMF... ALL FIAT CURRENCY SYSTEMS HEAD FOR DEFAULT dawie!
My choice of money is deflationary. I couldn’t give a rats ass what the Rand or the Dollar is trying to accomplish. Hard money wins in the end. My purchasing power only grows. Bitcoin fixes these problems.
We have to pay R1bn per day in interest alone. We don't have an economic plan and we have policies which are unfriendly to local or international business. Will we reverse this picture before lenders ask for their money back?
Everything becomes more difficult once DEBT to GDP rises to 90%.... it becomes possible. Argentina can't even get out of debt... have defaulted 7 times.
Economics is not a science and people like Dawie thrive on being negative. I have never heard him speaking positive about SA. WE are doing very well as a country. We need to change our reliance on guys like this. no solution offered. Just bash
@@hectorvere5072 his opinion speak the truth....on the other hand people like you want to see the positive in this corrupt country where the elite get away with murder.. .....because they born corrupt.
My choice of money is deflationary. I couldn’t give a rats ass what the Rand or the Dollar is trying to accomplish. Hard money wins in the end. My purchasing power only grows. Bitcoin fixes these problems.
I always love listening to Dawie.
He explains things simply for dummies like me.
If only we had school teachers like him.
The dummiest of the dummies still don't understand anything Dawie explains.
It's good to listen to Dawie , he is such a wonderful economic scientist
Excellent video and a great guest
South Africa's best economist
On South Africa's best podcast! 😎
Always nice to listen to Dawie - thanks, Mike for arranging it! 🙏🏻
Agree 100%... The ANC has yet to find out what the word responsibility means
What ANC ???
DomDoos !!!
It is now the White Matric DA/Corrupt ANC !!!
Wake the fuck up !!!
Can they even spell it?
They don't give a sh1t!!
Oh they know what it means 100%... They responsibilities are to uplift themselves and those in their circle. And they take full responsibility to keep the public ignorant by keeping them poor and uneducated so that it's much easier to woo them during election time.
Nice one, thanks Mike. I always enjoy hearing Dawie's expert opinion on the state of our economy. Great show.
Amazing how someone with brains can sort the home affairs backlog out.
Kak praat nie !!!
Go do the Maths..
DomDoos !!!
There is no way in hell that the same office..different boss.. could do that amount of work with the same lazy people in a 100days !!!
Stop believing this Bullshit Apartheid Propaganda !!!!
ANC & EFF & MK = Tsotsis.
I love listening to Danie - makes everything understandable to lay people
Thank you for using the abbreviation ASA for Triator Mashaba's diminishing gang. Since when should the media/ public let them be prescribed how they should employ abbreviation standards?!
While it is ok for Matric Domkop John Steenhuisen to crawl up Ramaphosas ass !!!He is still nowhere to be seen....must got stuck there !!!
Why is that ???
DomDoos !!!
I'm so looking forward to watching this conversation later. I was hoping to see Dawie Roodt on State of the Nation again
We are happy that you are happy, enjoy Dawie, he is great!
My views on solving the problem differs greatly.
1. The quality of education in the country needs to improve dramatically. So that our citizens can produce more.
2. The SARB needs to set aside a portion of it's reserves to invest in fast growing startups.
3. The state needs to cut spending
Agree, though is it all??
THIS A MAN FULL OF WISDOM . WHAT HE IS TALKING ABOUT COMES FROM EXPERIENCE NOT FROM THEORIES. WE NEED MORE OF SUCH DISCUSSIONS .
😂😂😂😂😂😂😂😂😂😂😂😂
Thank you !
The point of order is as follow:
The government should not have any power to limit or impliment laws that restrict the economy. The government was created by the citizens to render a service to the people. They are thus servants.
In this screwed country of us, the government is seeing us, the citizens, as serving the government and also paying them to serve them.
That makes no sense.
We have created the government to govern our surplus money and develop the land to create a place for our children to move into and start their own economic endavours. Thus, the role of the government is to serve the citizens, and get payed to do so, to expand the economic opportunities so that the economy grow with the population growth.
Currently, the government is not expanding anything, not creating space for the growing population and just stuffing their pockets with our money while seeing themselves as our superiors. Therefore, the population has outgrown the economy in SA with 10% +... This action led to massive rural areas and townships being created by the growing population and also causing people to fail in getting jobs which lead to a massive jobless and poor society. So, to conclude: the great inequality currently in SA, has been created and tailor-made by the government over a period of 30 yrs while they have been living large on us, the tax payers', money... Trillions of rands have been looted and stolen by government officials over the years and exported to other countries through the buying of international luxury cars, brand clothing and many more luxury items that make the government servants' lives so so nice and easy...
You are dead right. They regard themselves as so important and they are living a life of luxury on our hard earned money.
"Modern Monetary Theory = Magic Money Tree"!!! Don't ever change Davie, you're perfect as you are.
Danie is smart, imagine if he was our finance minister
I cannot say it better
The deficit of the government costs every person nearly R470 per month let that sink in for a moment.... to the poor, this is humongous
Great show Mike.
The young and very capable DA Ministers of the GNU are shaking things up and bringing positive change and progress to our beautiful country !!
Well done DA!
Hahaha ask them where most of their money comes from, you will change your mind quickly
@@boomshlang Ask the ANC why they steal public money!!
@@tonitappous2422 coz it's easy...
@boomshlang The DA spends public money honestly ( Clean Audits) and properly , on maintaining and building new infrastructure for our country, and on delivering better basic services to the people!!
Poor people rely heavily on Government services, because they cannot afford to replace them with private ones!! Where these services are properly provided, poor people benefit the most since their quality of life improves dramatically!!
@@boomshlang
See - DA delivers for the poor and vulnerable, BusinessDay.
See - Impressive new school in the Western Cape, RUclips. This is a beautiful new Kasi school in Lwandle in Cape Town!!
Great stuff Mike. Groete.
Jannie.
I would have loved to hear what Dawie says about the Russian economy and how it is surviving the sanctions as he does have ties with Russia and maybe knows a lot more than we do.
The Westerners believed that the sanctions imposed on Russia will be a self-induced coma which is an emergency that requires immediate treatment, but the war is carrying on for almost 3 years (WW2 was 6 years) and Russia’s allies in the BRICS is getting stronger by the day. The worst is that Ramaphosa is silent on this while he is very outspoken on the Israel / Gaza conflict!
Some (most) of the supporters of the African National Corruption Party probably hate Dawie Roodt because he CALLS A SPADE A SPADE!!!!!!
They just enjoy lies
Why doesnt our esteemed Government engage with people like Dawie Roodt?
He is too white for them
Ek stem saam
Thank you
Superb Interview
I can't understand why Eskom wants to Penalise people who invested their own money to reduce the strain on Eskom!
Why is no one demanding the removal of the BEE policy???.. we need jobs!!!!
@@robbiemair8506 you are right but that can never happen before the politicians lute everything in SA.
I will loose less money if I stop doing business and I'm one of many the government is bleeding us dry this economy would not last long in this current form
I believe we have a once is a lifetime opportunity to set a 3% inflation target. To follow the NZ model.
Mike expand your show and do a deep dive on demography -its a problem far greater than most realise -A deep dive on the data shows why its a very big problem ,especially for generations to come
I am obsessed with demography, if I had to start, I wouldn't be able to stop. Not enough people are understanding just how much the world is about to change.
Could Dawie maybe spell out to us how a mk / eff govt would pan out in reality were they to come to power and implement their policies.
It doesn’t have to be explained.. MK & EFF will TOTALLY destroy South Africa. Remember the looting under Zuma? Remember VBS by the EFF? It will be that but in STEROIDS!
Kak praat nie !!!
Stop beeing Obsessed with the 4 % EFF And the 5% MK !
DOMdoos !!
Easy. Just look at Zimbabwe
South Africa is not heading for default.. we, the people did not sign on the dotted line for the so called RSA debt, that's on the political class.. they loaned that money, they blew it out their a's and they are responsible..
Thnks for a great ptogram!
Glad you found it insightful! 🔥
Its been far too long Dawie. My hubby is a financial advisor and he says you are the best and your advice is sound...
That Mielies analogy is actually very good and needs to be repeated often.
All the big economics either goes over peoples heads or they phase out mentally when hearing it.
If you put it in such terms lay people immediately understand and begin to grasp the problem. Instead of talking about “GDP percentage, growth rates , fiscal printing etc”
Corruption is the biggest problem in South Africa We will never win this war
An inflation target of 1% to 2.5% will definitely improve the entire economy... BUT the best rate should actually be 0.0% to 1.5%...
With food prices rising every day How can you say inflation is going down
Dawie the statement “ … cannot believe that there are more than 300 million people in the US and these are the 2 best candidates …” the same can be said about South Africa President, clearly democracy is failing us in South Africa and the GNU is circling the drain, with the ANC and its failing policies determining if this circling is clockwise or anti-clockwise!
Modern monetary theory for you. Inflation = Increase in the money supply. Hi rates = savers being rewarded not punished and the Govt simply inflate the debt away.
@@moderate1452 SA's GDP to debt ratio is lower than the US and UK, so called first world counteies that continue tonprint money and we must continue to follow their ways of doing things. Wake up Saffas. We in a good space here. Watch the US election debates/ speeches/analysis and u will realise what I am saying
@@hectorvere5072 Financial markets and lenders will treat debt ratios differently when you include the risk factors facing each country. SA has very market unfriendly policies which lenders hate. We are also hostile to the very countries which are lending us money. We can run up the debt, but please understand that the lenders are not crazy about our debt.
@@moderate1452 Tell me which govt in the world saves
DAWIE ,please join the parliament get wize people in cabinet please and save SA.
Very interesting, thank you. As long as the ANC remains (effectively) in power, with their potential membership growing fastest, there is absolutely no chance of them 'getting' this as it flies straight against their Socialist / Communist Ideology. Should we not be focussing max energy on developing a Viable Alternative that can demonstrate in measurable terms what is possible? Be that Western Cape as 'Independent State' - or whatever is possible. 7% plus growth p.a., International investment, Tech Innovation, Massive Education & Development drive, Safe Living Environment, Property Rights, Law and Order, Home to Families . . .
Borrowing from Peter to pay Paul
We are borrowing from Peter and Paul!
What a great economist the best out of all economists
In other words "we" need to work harder and smarter!
YoYoYo😂
Dawie wat ek wil weet, wat is die % belasting wat gehef word op die parlements lede? Die gewone burger word belas op inkomste en dit word verhaal voordat hy/sy salaris ontvang
We need to list every SOE on the JSE immediately.... publicly traded, Davie Roodt you must promote the idea to save us... a wave of investment and an improvement of our finances, accounting standards and enthusiasm ....
What do we do? Sit and hope?
But you can
get BRICS loans ?
I think the host should also invite Professor Chris Malikane on this show.
If the economy were completely freed up, this could be averted but it won't happen, sadly.
My vraag...Hoekom was daar jare terug genoeg werk vir almal,en hoekom het alles gewerk? Ek wag vir daai snaakse terugvoering😂
Of course/you talk is gonna change now/because around you all/without European help/We see progress/you got it.
I do not see inflation coming down at all! - ask my wife!
Agree100%
True India will do well but the growth will take time to ramp up , slow for 1 or 3 yrs and large after 10 yrs
...heading? ETA yesterday 😶
If most (85%) of the national debt is rand denominated then there is no need to be worried about tenuous scenarios like Trump's toothache. Better to worry about his tariff plans which South Africa cannot affect.
@@JohnWallace-mb1mi True John
As much as I hate the ANC , as much as I agree with 95% of what Dawie says the idea that SA should give up on it’s sovereignty or become a “vassal state “ for the likes of the US is unacceptable
Bruh f the usa all they do is brag about their greatness. We are infact leaning more to russia all that comrade crap is prime example.
South Africa doesn’t need to give up sovereignty, just decide not to have bad friends, simple concept.
@@Amanzi379 Are you implying that the USA & the other white countries are good? lol
@@Amanzi379
You mean genocidal bad friends like US and UK?
Yes they say never say never but I don't see India overtaking the Chinese economically otherwise they will have to wait at least for now.
All should live within their means. Finish and klaar.
Has any one of Dawie Roodt's predictions ever come true?
Born in 2023: Approximately 1,196,622 babies
Died in 2023: Approximately 548,100 people plus low quality skills
Bruh pissof to england then, this is africa and even all our issues we are still in better place than most African nations. The more south you go the more industriliazed and less advanced because of least contact with euros years ago. Yet sa has good quality uni's who are very aware of the markets. Problem is gov policies and brain drain. Did you know usa gives bursaries to top quality students from sa schools?
@@JohnTerblanche-l1r which unit where you in
But we are seeing Goldman and Blackrock visiting.
24:40 the commentary that free-trade has no cost is delusional, it costs your country the opportunity of those industries (and all the jobs that go with it) especially when dealing with countries where you cannot conpete on price because they make use of slave-labour
I don't agree with you. It's the lack of productivity in this country plus the unions.
Debt: stealing from the future and future generations.
They cant steal your wealth if you hold money that can’t be manipulated
Dawie called uadzar @ 25 end 24..!!!!!😂😂😂😂😂😂😂
Stealing from Peter to pay Paul
Call it by its rightful name south africa is a direction in africa like east west north and south ok got it ❤❤❤❤😂😂😂😂😢😢😅🎉😊
Come on. Low inflation.
What country are you living in.
I can't with the lip smacking 😀
South Africa does not have jobs for the people. The young man has no work. Jobs are few and the future does not look bright for any one living here. We loosing all our medical professionals. Canada Australia New Zealand
I disagree. Our SA demographic profile shows trouble. 920 000 thousand school leavers per annum , and how many new jobs created by our pathetic govt? 200 000 odd?
Is my money safe in my bank??
Dawie failed to bring to light the other side of his suggestions, like the minimum wage being there to protect employees from exploitation or digital nomads gentrifying cities like cape town with their foreign currency that is stronger. Conviniently left off the negatives
South africa is. Just a state in africa and not the countent of africa.so it is good. As the goverment is currupted 😅😅😅😅😅
One question for Dawie, why does the government borrow something that it can print.Thank You!
Refer Zimbabwe.
Did a Trillion dollar note help them ?
Also, printing press is privately owned abroad remember
Massive inflation will happen. Want to pay R200 for a loaf of bread? Want to eat elephants?
Look at Zimbabwe for further information..
Did you even go to school? 🤦♀️
Nee jissie ou.
Dawie I am worried about the statement around our skills of young people being weak. We’ve got a youth dividend, we are squandering this absolutely….
Not really, unless these young people have skills. Who closed down Trade Schools? Answer: The ANC.. so how do these people get skills? They dont..
Just by breathing does not make you useful
@@SueLeo1trade schools are expensive and not well known in sa, dispite our water/sanitation issues. Everyone believes uni is the way yet after that there's no jobs for doctors, etc? It's anc and their management for last few decades i believe.
How can it be? Japan owes 260% Britain 280% the EU 160%, they all don't have minerals and 400tcf natural gas reserves 😲🙄🤔
The difference is they have more tax payers than those living on handouts. Out deficit is as a result of state capture and the socialist policies of the ANC under Zuma and the 9 million taxpayers supporting social grants for those millions unemployed. There is no plan from the ANC to grow the economy to fund future government expenditure and hence borrowing takes place to fund deficits and the interest bill is becoming the highest government expense in its own. Communism and socialism at its finest.
And you come with those indices from where? 🤣
@@halinaleonowicz8038 don’t be an idi*t. Where did I show any indices???? 🤣🤣
If follow, Christine Legard imf chair, Peter schiff renowned economics, Jim Roger's the guy who predicted the 2001 crush, 2008 crush. They all say that the EU is broken and America is going to face hyper inflation and economic depression starting next year. It's going to be worse than the 1929 depression 😁🤓💯
@@KhanyisoNtloko But those indices are where from exactly? Generally whole world is broken, but truth is in details, not gossiping economic indices blown from own imaginations 🫣🤔
Maak Dawie minister van finansies,hoekom sukkel die regering so ,wat is so moeilik?
S a presedent pilfering and still want more money from b r I c s to proocede the same way untouchable spiv 😢😢😢
How can people work with know criminals without naming them? this is all a fairytale outlook
In a Marxist Socialist regime like South Africa...😮 When U live in a country with a supposedly Capitalistism has a moral basis. Then unless U have Economic Freedom...U will have no Freedom at all.... This gentleman is talking so glibly about things, that aren't really true, because this ANC government certainty doesn't have the interests of people of South Africa at heart...The Private sectors and Industrialists are the ones who are the only ones, who can create wealth within in the country. The government has clear limits and boundaries to which the government cannot override, as they can't run everything and therefore shouldn't even try. Freedom for individual means having the ability to develop his or her talents so as they can develop their own economy freedom. This is the only way forward is to have a Capitalist society. But what has happened in the meantime. With a Socialist government is sooner than later, U will run out of everyone's and out of everybody else's money 🤑.... This has and is happening. Besides this ain't rocket science...😮 It's a fact...
He did mentioned that government must solve the policies issue which is driving businesses away
@@powertechnical the ANC government is the problem no matter every which way it goes.🤕
Anc gov can create money, if they ran the state seo right it would create income to pay their wages. But we pay their wages and they steal from us every lvl. Its just retards even china isnt communist as much as they say, and russia oppressed many slavs, fins,etc in their communism aswell as west germans for decades. That ideology was built on oppression, and people who say caiptal leads to war like Hani said once, im sure the mfecane was because of capitalism, aswell as every war over the centuries in Africa, euro, etc.
Just my comment on the China matter: The low per capita consumption on the Chinese will also cap their porential growth if you couple it with the CCPs behaviour.
The guy calls tax a form of theft but wants to have amazing roads and bridges and dams and public airports etc. For an old guy he knows what apartheid was like and yet says the government is restricting free trade because of a minimum wage?! Does he forget conveniently that the apartheid regime and private capital exploited workers so thoroughly it may well have been slavery. The basic conditions of employment act is a milestone piece of legislation and yet it's treated like a pariah piece of legislation yet exploitation led us there. Does he really think that people will be honest and pay fair wages in time when there are people out here selling fake food and the like? This far right ideology is what's left us to global pollution levels where they are and lung cancer from smoking. Companies lied to us and bribed politicians to avoid simple legislation. And when proposed legislation is touted they act like it's the end of the world of free trade and when it's enacted it's not . I like this show but please bring more credible,honest and pragmatic economists who can push this country forward with real proposals not pie in the sky ideas. Minimum wages has not moved the needle in any way in SA. And you can't call yourself a business if you can't pay minimum wages. Here are my proposals. Connect everyone to the internet , every rural child should have access to the internet in their home. An old PC or something ,access to Internet data should come down as a result. 2. Income tax should be derived from back yard dwellers in shacks all over the country and formalised for purposes of increasing access to credit. Reduce the military budget to one of high tech drones and an air force and navy instead of a big infantry, save the proceeds and redirect to technology startups. Impose a capital gains tax once off to pay off apartheid debt, and raise funds for a sovereign wealth fund. Reduce the social wage by cutting some grants given in exchange for a business loans and startup capital for the township and local income economy. Help businesses that are startups by paying for growth through a labour scheme where the unemployed but employable can work for startup businesses and gain valuable experience.
We don't need a minimum wage because it will not solve any problems. Jobs are the big problem and people need jobs. It is better to have low unemployment and everyone can earn money compared to high unemployment and a few people earn at minimum wage.
Tax is a good and a bad thing. You do need tax money to fund for infrastructure and a good infrastructure will help other businesses to perform better. The problem with tax is if you take more and more tax money from people and waste it, then businesses and people will get less in return. Also more tax will make stuff more expensive and make life for poor people even more difficult.
Very little tax is used for infrastructure. Read up on the reserve bank system and you'll see what taxes are really used for.
TAX IS ON YOUR SAVINGS, TAX is on your spending, tax is on your employment, tax is on your innovation, TAX IS ON YOUR PRODUCTION. TAX IS ON YOUR EMPLOYMENT. You can build a million roads it won't help if no one has jobs and the private sector can built roads and railways 10x faster and 10x better. Just wake up!
The host needs to become more informed. Times ahave changed. Davie atop being an alarmist.
Ou Dawie...feeding off the negative uninformed... with skewed sratistics......somehow he forgot to mention things like most of our debt ...Rand denominated...most of our top investors positive about SA and africa in long run.... Dawie u r doing more harm than goood...tell u what ..next time u want to buy a new car by talking stront about SA...just ask first, we'll donate one, just stop talking kak ..please
HEY Dawie....Is that before or after a U.S,/ French default. Your economics is outdated and backward. Please refer to the new monetaryand fiscal policy guidelines as set out by the IMF... ALL FIAT CURRENCY SYSTEMS HEAD FOR DEFAULT dawie!
My choice of money is deflationary. I couldn’t give a rats ass what the Rand or the Dollar is trying to accomplish. Hard money wins in the end. My purchasing power only grows.
Bitcoin fixes these problems.
I dont agree with the title of this video. SA is nowhere near a default status,
Yes we are… is your head permanently in the sand?
@SueLeo1 good question is which country isn't 😂
We have to pay R1bn per day in interest alone. We don't have an economic plan and we have policies which are unfriendly to local or international business. Will we reverse this picture before lenders ask for their money back?
Maybe you should watch the video again and listen to the part where he mentioned that the debt we have to pay is unsustainable
Everything becomes more difficult once DEBT to GDP rises to 90%.... it becomes possible. Argentina can't even get out of debt... have defaulted 7 times.
Economics is not a science and people like Dawie thrive on being negative. I have never heard him speaking positive about SA. WE are doing very well as a country. We need to change our reliance on guys like this. no solution offered. Just bash
You just have very low standards.
Hahaha look at the exchange rate look at the prices of homes! Wake up!
Good luck with your addiction, hope you can kick the habit! (don't do drugs, children!)
@@hectorvere5072 his opinion speak the truth....on the other hand people like you want to see the positive in this corrupt country where the elite get away with murder.. .....because they born corrupt.
We are doing well ?
Are you living in Orania where everyone is employed and there is no crime ?
We must pray for our country continue praying GOD IS FOR SOUTH AFRICA WHO OR WHAT CAN BE AGAINST US PRAY PRAY PRAY
Hendrik Verwoed , John Voster said it straight and watching the ( Yes ) voters cry makes me 😂😂😂😂😂😂😂😂😂😂
My choice of money is deflationary. I couldn’t give a rats ass what the Rand or the Dollar is trying to accomplish. Hard money wins in the end. My purchasing power only grows.
Bitcoin fixes these problems.