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
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?!
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
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!
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.
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
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.
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
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...
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.
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.
Excellent video and a great guest
South Africa's best economist
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.
Agree 100%... The ANC has yet to find out what the word responsibility means
Always nice to listen to Dawie - thanks, Mike for arranging it! 🙏🏻
Nice one, thanks Mike. I always enjoy hearing Dawie's expert opinion on the state of our economy. Great show.
Great show Mike.
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
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?!
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
Thank you
Borrowing from Peter to pay Paul
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!
En daai shiner Dawie?
...heading? ETA yesterday 😶
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.
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
In other words "we" need to work harder and smarter!
YoYoYo😂
Stealing from Peter to pay Paul
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..
Born in 2023: Approximately 1,196,622 babies
Died in 2023: Approximately 548,100 people plus low quality skills
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.
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.
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
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...
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 😂
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? 🤣
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 ?