Its harder and harder to be positive about South Africa... it feels like we are being ambushed from all angles (crime, politics, failing infrastructure, failed growth, expenditure, unemployment, credit deficit, corruption, industrializing SA, failure to export products, failure to address equity...), the noose we have made ourselves, not because apartheid or colonialism is already swinging in the wind! But great talk! wish we had leaders like this man... time to get rid of the old comrades!
Wow my brother you are brilliant! I wish more young people were like you. Come on South Africa we need to do some thing about this government Let's join hands and work together fro the benefit of all our fellow men, especially the poor and illiterate. God bless our poeple.❤️👍🙏
Listen to Katlego of 'Citizen concerned' She knows the TRUTH. Katlego knows that the CAUSE of SA state failure is the flawed ideology of the 'comrades'.
This young man has a good understanding of the fundamental bases of economics. How would he rate SA. Zero sum gain? Positive sum gain? Negative sum gain? All of these are losely based on capitalism.
He first says 00:20 and then he says 03:13 so to fix this should we learn from China? No! for goodness sake even Kuwait has the strongest currency in the world and why, because they learned not only from the US but also from the UK they are driven and governed this well due to great foreign and economic policies this why the UK made Kuwait the country it is today, but of course we will follow loser China 🤦♂
Very interesting discussion, thanks Mike. Zimasa is obviously an accomplished, expert economist & it would do us well having good strategists & knowledgeable realists like him running our country's fiscus!
Parliaments mandate is not to make this country functional and prosperous, that won't cut it for the elite. The elite want chaos, division, constant arguments & debates with no real solutions.
I love Zimasa's passion. But in what he says, there is nothing new. Our biggest collective mistake was to trust the ANC. There can only be progress in the future if the ANC mentality leaves our country.
Thirty seconds and already the first mistake 00:25 this is loser mentality, China is a loser state their per capita is depressive their economy is crumbling this why South Africa is doomed because of loser and victim mindsets like Mooshtaffa 😂
@@mossfairy3060 He first says 00:20 and then he says 03:13 so to fix this should we learn from China? No! for goodness sake even Kuwait has the strongest currency in the world and why, because they learned not only from the US but also from the UK they are driven and governed this well due to great foreign and economic policies this why the UK made Kuwait the country it is today, but of course we will follow loser China 🤦♂
As a civil Engineer involved with major infrastructure projects including rail I can affirm that corruption was the major cause, especially during the Zuma era destroying our infrastructure intentions.
If you do your research thoroughly.u may come to a conclusion that during zumas era ,south africa had infrastructure boom .schools,hospitals, universities,bridges ,roads were built as compared to your beloved cyril s era.do the math.furthermore ,state captu commission has been deemed a waste of the country s resources hence to date no one has been convicted bcos the deposed evidence just dont add up or enough to effect a successful imprisonment.
Further more ,name one thing our current president has don't right except line up his rich friends to loot the state through IPPs and destroy SOEs just to sell them off by pittance.
The irony of your statement is your deliberate ignorance of the fact that the private sector is the biggest beneficiary of corruption in this country…Steinhoff, Tongaat Hulett, Gupta-owned companies, KPMG , McKinsey & Company, SAP, Sharemax, EOH, WBHO, Aveng, Murray & Roberts, Group Five, Basil Read, Raubex and Stefanutti Stocks, Bosasa, Gold Fields…. We can ho on and on… in the game of corruption you need both an enabler and a willing participant.
Corruption didn’t start with Zuma, corruption started with apartheid they should have not negotiated with ANC because what they did was corruption and corrupting ANC leaders they should have freed Nelson Mandela and made sure everyone is free to vote. The meetings they held with ANC leaders and Mandela was corrupting ANC leaders and Nelson Mandela as they have convinced them to deviate from their original plan ANC.
I respect your view on SA my brother because, you are a South African speaking about what you are observing in your own country SA. You are not motivated by malice
SA Government budget deficit- is not caused by the general joe soap citizens, it’s cause by the cadre’s in powerful government ministries. Refer you conversation directly to Cyril, Enoch G, Gwen M, - and broader feeding partners at trough
Well... Technically it is caused by the "general joe soap" because the "general joe soap" keeps electing the same party which is causing this issue😅... But I am just splitting hairs here😅...
Sadly you can't. I have more chance of getting Waldo, my Labrador, to understand this. The government only sees two things, you can't steal money if you manage it properly and some voters couldn't be bought off with government grants.
@omphiledirero5622 they are already planning on building clinics at my grandma's in pta,my uncle was in the meeting..lol they said they see "potential" in the place
He first says 00:20 and then he says 03:13 so to fix this should we learn from China? No! for goodness sake even Kuwait has the strongest currency in the world and why, because they learned not only from the US but also from the UK they are driven and governed this well due to great foreign and economic policies this why the UK made Kuwait the country it is today, but of course we will follow loser China 🤦♂
South africa has a reservebank which is currently serving banking profits instead of the public. SA is not broke, it's using the wrong levers of growth. The same china today announced that its State bank is injecting a trillion yuan to combat the financial hurdles they're currently under while our Governer publicly stated that unemployment is not at the level that might make him reconsider their policies.
I realised that the passionate and professional people will most likely not gonna be employed by government,why?looting.if the president or ministers were serious they would look up to people like you and make sure this country could be run well.
@@shazy-wp4ko They are using history and stale lies like a broken record keep repeating the same thing over and over thinking that people will not realize that they are lying. Focusting into the future and any right thinking person can see that South Africa needs more than 10 years to recover from this mess that we find ourselves in and what is it that we can still believe from the anc. By what right do we owe them any trust going forward? Corruption is in their blood and they will never stop it.
South Africa has been conditioned by the ANC that if any other party leads it is a problem. Many good parties like Rise, BOSA, ATM never get enough votes. I personally wish for another GNU in 2029. One that a different party is the majority.
@@tshiamomaremela6870 Thirty seconds and already the first mistake 00:25 this is loser mentality, China is a loser state their per capita is depressive their economy is crumbling this why South Africa is doomed because of loser and victim mindsets like Mooshtaffa 😂
@tshiamomaremela6870 Come on, you get SASSA grants via all the people that get up every day, do a full days work and then get taxed for being a contributor. It's our tax money you're getting yet you never miss an opportunity to bash the tax payers.
Also, the 350bn we borrow every does not account for what we pay back. In the FY up to March 2024, there was actually 30bn primary surplus, meaning we paid back more than we borrowed. That said, we are skating on thin ice, and the point that we should be reducing our debt burden stands.
You are missing the point that is being made. The reality is that SA is bound to pay R 1 Billion / DAY just to cover the related Finance / Interest ( FI ) on the accumulated national debt; this NOT even addressing the pay-back of the original Capital as borrowed .... No matter the Base-Currency / No matter the domicile of the Lender ! I recall that this FI equates to something like 20 % of GDP; with the borrowings calculated to approx 70 % of GDP ! This is completely and utterly unsustainable; hence the Presenters having an informed discussiom in respect of the very REAL concern that SA is going broke ! Financial mismanagement; a complete lack of basic local and global financial understanding ( * The Government [ Givenment ] Has Money * ); the continued application of long-outdated; discredited Socialist ideology; the looting and blatant theft of economic-contributing infrastructure and SOE's; etc .... Is a direct result of 30 Years of ANC no-consequence mismanagement; the costly; enforced application of BBEEE that favours the politically-elite .... Need I continue ? ! 🤔😡💩🪰
Thirty seconds and already the first mistake 00:25 this is loser mentality, China is a loser state their per capita is depressive their economy is crumbling this why South Africa is doomed because of loser and victim mindsets like Mooshtaffa 😂
@@johnnyeveritt5695 He first says 00:20 and then he says 03:13 so to fix this should we learn from China? No! for goodness sake even Kuwait has the strongest currency in the world and why, because they learned not only from the US but also from the UK they are driven and governed this well due to great foreign and economic policies this why the UK made Kuwait the country it is today, but of course we will follow loser China 🤦♂
You are using same line put out by the Modern Monetary Theorists. Lending money fruitlessly, as we are doing now, will work until it stops working. Any debt has to be repaid and by saying that we can just "print" more rands is economic naivete.
It's so not smart how Zimasa compare this area of Land in economics with Continents, India,US,Euro,China... Our comparison should be refer to UAE, Tunisia, Egypt.. We are small and not special.
Mike, congrats on a very good and necessary discussion, may this reach the right ears and minds for our country and our future is at risk here. Hopefully the people of this country will understand the seriousness of the dire straits South Africa is in and vote for a better SA come 2026 and 2029, if not, they can still blame apartheif for the rest of their life time but their children are going to blame them for not improving the record whilst they had the opportunity. Colonial and race hate can take a country only so far but then there should be a turnaround otherwise their complaints and hatred is only going to turn on themselves. Thank you to those few clear minds out there for having discussions like this, hopefully it will turn the tide.
What I can’t understand is South Africa is part of BRICs it’s not just part it it’s a founding member. They go cap in hand to china with a larger African group so we get the crumbs. I do t think South Africa is taken seriously l, we don’t take ourselves seriously… But yet NZ and Australia who openly align with America, in fact Australia has nuclear sub pact with the the UK and America. Yet these countries have free trade agreements with china. In fact china has been working hard on the relationship with these countries.
You are right that South Africa isn't taken seriously and here is why: No successful country understands why a majority still discriminates against a diminishing minority that does much of the economic heavy lifting and tax generation. You can't be taken seriously when our last two Presidents have been fingered in theft and corruption (State Capture and Phala Phala), yet they remain in charge. On top of this, the country celebrates growing welfare dependence as an achievement. We hold a commission of inquiry into corruption which produces 5 volumes of detailed incidents of malfeasance, many of these by civil servants. Nobody is prosecuted and many of these people are returned to government. On top of this, the official opposition is led by the architect of the State Capture project and an impeached judge! Why would anyone take this country seriously?
@@mikesham3204 I hear you… I think though the problem is South Africa has a confused trading policy, they try to keep everyone happy especially the unions. The country has an embarrassment of wealth but just squanders opportunities. Electricity issues born out of corruption have throttled the economy. Much of the bailout money for the SOE’s will be paid back for generations… at least if that money was used for rail infrastructure it would be there for generations. If the GNU has one positive at least there is wider representation. The long suffering tax paying middle class needs voice, so does business.
We need to go back to basics..we need to create confidence..thus investment..thus production..thus creates jobs...what about the millions over 30 years that have been misappropriated by the Anc..
Start with national party we called d a now to investigate white stole more than ANC, they stole economy,if we take economy from white monopoly capital this country will shine
Basics is education. Children in villages have to cross over rivers with no bridges in order to get to school. When there is high tide children don't go to school. Children are being taught in English yet that is not their mother tongue thus causing more failures. There is no school bus system that makes sure children do not cross paths with pedos and drug dealers. Without the youth the country is dead.
I agree with most of the points except for encouraging monopolistic practices in the telecommunication industry. You effectively have three mobile telecommunication providers, one more acquisition and you'll have price gouging
Zimasa is a good guy, i love his content and knowledge. China is a global Anomaly, we should never compare ourselves to them. We could definitely compare ourselves to Singapore. We would really need to rid ourselves of thought processes along the lines of MK and EFF if we want people to improve their well-being.
If you run a department the worst thing you can do is run it efficiently. If you do that, the following year your budget will be cut. So the idea is to spend a small amount above your allocation. We need to find a way to align everyone's interests. If you don't deliver services you will be fired. Rather have excess budget. Just a thought.
It's not just South Africa. Economics is broken. This is an extremely serious matter. The dollar has lost 99% since 1913, the rand lost 3800% since 1980, Japan has been in stagflation for 30 years, Europe is in the middle of a war while facing massive energy problems, China is in a recession and I won't even mention the middle east and South America. The global debt to gdp ratio is over 300%. It's not just us: we are living through a global currency collapse. I wish y'all knew how bad this is😢😢😢😢. Pension funds, banks, businesses are literally going to vanish. Train yourself, get skilled, start a business, do something. Study 1929, 1971, 1987, 1999, 2008, 2020. Look at M2. PAY ATTENTION.
Thirty seconds and already the first mistake 00:25 this is loser mentality, China is a loser state their per capita is depressive their economy is crumbling this why South Africa is doomed because of loser and victim mindsets like Mooshtaffa 😂
The N2 road through Transkei is being g built but it was stopped initially by Greenpeace initiatives which is also NWO corruption. As a rail planner having built a major rail connection through Swaziland, the statements discussed about going to DRC are not really correct. Our narrow guage in Africa is a disadvantage in making rail the best option but again corruption in the motor industry always favours road above rail. I can tell you about many reasons for this if I was given the opportunity.
Mike Sham, Zimasa, JJ Tabane, Mighti Jamie, Sizwe, Samkelo.... Discussing how our economy is set up (historically VS now) and who the players (actual companies and people's names) are, what their political connections are and what the future SA'n economy should look like and what can be done to get there, practically (Zimasa and Jamie are good at that). Also what the panel thinks about nationalization of certain parts of the economy and what the Pros and Cons of that are.... I think that would be a great podcast.
The issue is these points are discussed under the assumption of a compitent government. If the global corruption index states SA loses up to 20% of productive income due to corruption, we are starting a recovery plan from WAY behind the starting line. There are so many things that need to be fixed, and the people who are smiling, are any nation or institution lending us money. If SA was a business, we may already be technically insolvent, but the public isn´t made aware of what is really going on. Cyril can´t wait to end his term and retire on his billions.
The problem is that trade is a give and take. You can't block your trade partners' goods because they will retaliate. Also, South African stuff tends to be more expensive than international stuff. Competition is the name of the game
This great presentation should become PRESCRIBED VIEWING for all those in both Local and National Government who are evidently financially-illiterate; but who vote sheep-like / lemming-like on HIGHLY important economic issues that directly affect BOTH the Country and its people; but have no understanding of said issues .... Let alone the future implications ! Specifically; the fundamentally flawed; blind belief that * The Government ( The Givenment ) Has Money * that it will freely hand-out for years to come; is a case in point. Taking SA's looming potential to go broke / to go into default means that basic Income v Expenditure concepts should be taught in school to those who are politically inclined and who will hold the Country's future in their greasy hands .... ! 🤔🙄
Am I the only one who thinks that Zimasa is excellent at diagnosing the symptoms of the illness which afflicts the country, but yet he seems to fall short when it comes to offering a cure to the actual disease?
Zimasa is excellent at diagnosing the symptoms of the illness, the cure is self evident and he mentioned it on the show. ECONOMIC GROWTH AND PRUDENT FINANCIAL MANAGEMENT!
@@mikesham3204 Fair enough, all the respect to him for highlighting the issues which we need to tackle as a country🙂! And I specifically enjoyed the fact that he brought up the job being done by the South African Military, even if it was in passing. We really need to do more to support the boys, and gals, in uniform. And it always astonishes me how little the average South African knows, about the job being done by our boys and gals🙂...
I like you mate, but please, don't say "we messed up". That gives the impression all of us in South Africa messed up. No, the ANC government messed up.
1. Strict raw natural resources in terms of regulation and trade 2. Refinement of those resources ( jobs beneficiation) 3. State bank (general capital access for entrepreneurship) 4. Less/strict government spending against revenue. 5. Government create best conditions for development & growth (infrastructure development and international trade)
Couple that cost of borrowing money with the current BBBEE and PPP policies of government, as well as the retainment cost of unfinished government projects through BBBEE partners and try and adjust your figures to get to the actual cost to GDP to keep SA afloat. And then the best answer you receive from an ANC Cdre like Penyassa Lesufi's provincial cabinet is to re - name a street in Sandton, Gauteng after a terrorist that nobody knows.
We stand to inherit this country along with its debt We stand to inherit this country along with its debt We stand to inherit this country along with its debt We stand to inherit this country along with its debt We stand to inherit this country along with its debt We stand to inherit this country along with its debt
what was new infrastructure with economic focus.... The R4.05 billion Mtentu Bridge in Eastern Cape is one. Another 22 road projects worth R3-billion was built in Eastern Cape. King Shaka Airport. Under Sihle Zikalala as Public Works minister , 19 more bridges were started Special Economic Zone in Namaqualand district with 550km rail and harbour is in the phase one right now. this is brining Botswans; Zambia; Upington to Kathu products to this export port. Yes more should be done, but let's not ignore these milestones . we are quick to ignore the 330billion debt we inherited with a country alamos on administration. Starting with debt; slow infrastructure and fast population growth against 400 years of exploitation is what we continue to ignore
But they did get out of the way, look at the contract for the harbours with the Phillippines for one, you get 49% and the SA Government keeps 51% ownership, you do the work, we get the revenue. That is going to be totally unsustainable..
No ,South Africa is building rail from Joburg - Egypt - Nigeria back to Joburg with the help of China. Ports are part also South African projects and its their priorities.
What world are you living in and where do you get your information? There are no plans for any of this. I am not sure if you noticed but China is avoiding any investment in SA because of BEE.
Where is the referrrd to SGZ in Mpumalanga, the one that wss there previously outside Bronkhorstspruit is broken down and almost non existent. In 2019 I came across some foreigners from America and Germany who were here to break down some of thr factorirs there because it was non functionable.
I love the passion that capitalists have when they are in echo chambers. In one breath they sound like Julius or Jacob and in the next they sound like Helen or Cyril. I can't imagine you guys just discovered this today??
Zimasa makes a big mistake regarding China. On the surface it seems reasonable to believe what he heard and what he said by building roads leads to economic growth. The truth and details show massive debt that local governments cannot deal with at this moment and the level of overspending is coming to bite the CCP in the butt. The real growth comes in the buying power per capita or the economic activity per capita. Such a simple analysis of something more complex is leading the average viewer down the wrong path.
I’m a South African 🇿🇦 who lives in the US🇺🇸. I noticed America is what it is aswell be cause of Small Businesses Let me explain During Covid the USA 🇺🇸 Government paid a lot of stimulus relief to small businesses so they don’t go under, businesses like Nail Salon, Bar Bar Shops etc Because remember a large business can have 20K workers but remember small businesses are multiple ( many ) add all the workers in this small businesses that pay tax In short small businesses brings in more in paid taxes. Hence Reason why the USA 🇺🇸 government made sure they don’t go under completely.
That is why JJ says Capitalism has failed! Every industry is owned by a handful of companies.Small businesses have don't stand a chance in this current state of capitalism. Anyway ndiyakuva Mooshtaffa 👏
@@sabathaboyana9742 yet the state has all the power, including military and police.... who will hold them accountable? At least with a capitalist economy, the state has oversight.. but hey, you forget that
He can not or will not because then he will be ousted as Minister for not toeing the Party line. Why do you think the Justice minister has not yet stepped aside, because thr Party safeguard her.
I see Zimasa anywhere, I click and watch!
Zimasa is a great guest
Haha same
You is me😂. This guy maaan
@@KloudSpacewithSiba This guy is our Biko
I sell chicken and your 100% right about that we don't need chicken from Brazil
Every South African needs to watch this.
Absolutely true
Its harder and harder to be positive about South Africa... it feels like we are being ambushed from all angles (crime, politics, failing infrastructure, failed growth, expenditure, unemployment, credit deficit, corruption, industrializing SA, failure to export products, failure to address equity...), the noose we have made ourselves, not because apartheid or colonialism is already swinging in the wind!
But great talk! wish we had leaders like this man... time to get rid of the old comrades!
Ive started applying for opportunities outside the country, i cant wait to love this country from a distance
Grass not greener from the other side..
Maara zimasa's insights are always senseful. I wish he grows from strength to strength
Wow my brother you are brilliant! I wish more young people were like you. Come on South Africa we need to do some thing about this government Let's join hands and work together fro the benefit of all our fellow men, especially the poor and illiterate. God bless our poeple.❤️👍🙏
This is a must-listen video. A must-share video.
Yes it is, so please watch and share!
Listen to Katlego of 'Citizen concerned'
She knows the TRUTH.
Katlego knows that the CAUSE of SA state failure is the flawed ideology of the 'comrades'.
This young man has a good understanding of the fundamental bases of economics.
How would he rate SA.
Zero sum gain?
Positive sum gain?
Negative sum gain?
All of these are losely based on capitalism.
He first says 00:20 and then he says 03:13 so to fix this should we learn from China? No! for goodness sake even Kuwait has the strongest currency in the world and why, because they learned not only from the US but also from the UK they are driven and governed this well due to great foreign and economic policies this why the UK made Kuwait the country it is today, but of course we will follow loser China 🤦♂
Very interesting discussion, thanks Mike. Zimasa is obviously an accomplished, expert economist & it would do us well having good strategists & knowledgeable realists like him running our country's fiscus!
I love having Zimasa on the show. The next generation of South Africans will be way more successful than the "struggle generation".
Brilliant !!! You think you could forward a copy of this episode to Parliament and force them to listen?
If only it was that easy!
Parliaments mandate is not to make this country functional and prosperous, that won't cut it for the elite. The elite want chaos, division, constant arguments & debates with no real solutions.
Ministers don't care
We not going broke..we are broke
Podcasters are more informative and more passionate than the so-called experts that get invited on the mainstream news.
I love Zimasa's passion. But in what he says, there is nothing new. Our biggest collective mistake was to trust the ANC. There can only be progress in the future if the ANC mentality leaves our country.
That includes eff mkp act and the pac
Thirty seconds and already the first mistake 00:25 this is loser mentality, China is a loser state their per capita is depressive their economy is crumbling this why South Africa is doomed because of loser and victim mindsets like Mooshtaffa 😂
@@mossfairy3060 He first says 00:20 and then he says 03:13 so to fix this should we learn from China? No! for goodness sake even Kuwait has the strongest currency in the world and why, because they learned not only from the US but also from the UK they are driven and governed this well due to great foreign and economic policies this why the UK made Kuwait the country it is today, but of course we will follow loser China 🤦♂
And all of us to blame
People should vote other party in 2029
Zimasa brought me here, he supplies relevant futuristic facts, what you do and how you analyse those facts? your business.
As a civil Engineer involved with major infrastructure projects including rail I can affirm that corruption was the major cause, especially during the Zuma era destroying our infrastructure intentions.
If you do your research thoroughly.u may come to a conclusion that during zumas era ,south africa had infrastructure boom .schools,hospitals, universities,bridges ,roads were built as compared to your beloved cyril s era.do the math.furthermore ,state captu commission has been deemed a waste of the country s resources hence to date no one has been convicted bcos the deposed evidence just dont add up or enough to effect a successful imprisonment.
Further more ,name one thing our current president has don't right except line up his rich friends to loot the state through IPPs and destroy SOEs just to sell them off by pittance.
The irony of your statement is your deliberate ignorance of the fact that the private sector is the biggest beneficiary of corruption in this country…Steinhoff, Tongaat Hulett, Gupta-owned companies, KPMG , McKinsey & Company, SAP, Sharemax, EOH, WBHO, Aveng, Murray & Roberts, Group Five, Basil Read, Raubex and Stefanutti Stocks, Bosasa, Gold Fields…. We can ho on and on… in the game of corruption you need both an enabler and a willing participant.
Corruption didn’t start with Zuma, corruption started with apartheid they should have not negotiated with ANC because what they did was corruption and corrupting ANC leaders they should have freed Nelson Mandela and made sure everyone is free to vote.
The meetings they held with ANC leaders and Mandela was corrupting ANC leaders and Nelson Mandela as they have convinced them to deviate from their original plan ANC.
I respect your view on SA my brother because, you are a South African speaking about what you are observing in your own country SA. You are not motivated by malice
SA Government budget deficit- is not caused by the general joe soap citizens, it’s cause by the cadre’s in powerful government ministries. Refer you conversation directly to Cyril, Enoch G, Gwen M, - and broader feeding partners at trough
Well... Technically it is caused by the "general joe soap" because the "general joe soap" keeps electing the same party which is causing this issue😅... But I am just splitting hairs here😅...
Too many grants
What an intelligent young man... Why are these people not occupying these ministerial positions.
Wow! What an interesting man. Why is he not in a senior position.
Zimasa is in the most senior position you get; he runs his own business!
Now how do we get government to listen to this advice?
Sadly you can't. I have more chance of getting Waldo, my Labrador, to understand this. The government only sees two things, you can't steal money if you manage it properly and some voters couldn't be bought off with government grants.
They wont, because the guy Is black
We are not a Capitalist state we are a Social Welfare State.we are not innovative state we dont create much.
@@ledilempyatona4486 too depended on China 😭
@omphiledirero5622 they are already planning on building clinics at my grandma's in pta,my uncle was in the meeting..lol they said they see "potential" in the place
When I joined the Army 18 years ago, the theme was "vision 2020". And I saw recently it has changed to "Vision 2040"
We have such brilliant minds in our country, but our government want to recruit foreigners 😢
Was just saying, we need young South africans like this guy in our goverment
He first says 00:20 and then he says 03:13 so to fix this should we learn from China? No! for goodness sake even Kuwait has the strongest currency in the world and why, because they learned not only from the US but also from the UK they are driven and governed this well due to great foreign and economic policies this why the UK made Kuwait the country it is today, but of course we will follow loser China 🤦♂
He's black they won't listen to him
Because they are willing to work and they don't burn things when they're upset.
Of course there's nothing stopping you employing them.
@@mossfairy3060 To be like China?
we need to speak more about such things as South Africans to enlighten our people and demand change
Very happy to know you are out there. Thank you my fellow patriot !!!!!!!
I’ve been saying MacG needs to give Zimasa a show on podcast and chill. We need some woke conversations that side.
@@Mafhuwa 💯%
Competition guarantees best prices, never fear it
The anc surely is clueless hence this high unemployment and poverty. Our government does not understand economic development.
Wow this was impressive! Well done.
Glad you liked it! Zimasa will be on regularly.
South africa has a reservebank which is currently serving banking profits instead of the public. SA is not broke, it's using the wrong levers of growth. The same china today announced that its State bank is injecting a trillion yuan to combat the financial hurdles they're currently under while our Governer publicly stated that unemployment is not at the level that might make him reconsider their policies.
I wonder why is this fact avoided or ignored
Vabaza ndoda you never let us down
Zimisa has become a very important South African voice. He will be back on the State of the Nation.
@@mikesham3204 Thank you... Your platform has engaged the people who believe in this countries Economy let alone politics...
I realised that the passionate and professional people will most likely not gonna be employed by government,why?looting.if the president or ministers were serious they would look up to people like you and make sure this country could be run well.
I am happy he is starting to understand capitalism.
If you understand it…u are able to play WITHIN the game. ❤
I enjoy mooshstafa,s podcasts.
Problem of SA is we put people who know nothing to lead us just because the know how to speak or because they are comrades.
@@shazy-wp4ko They are using history and stale lies like a broken record keep repeating the same thing over and over thinking that people will not realize that they are lying. Focusting into the future and any right thinking person can see that South Africa needs more than 10 years to recover from this mess that we find ourselves in and what is it that we can still believe from the anc. By what right do we owe them any trust going forward? Corruption is in their blood and they will never stop it.
South Africa has been conditioned by the ANC that if any other party leads it is a problem.
Many good parties like Rise, BOSA, ATM never get enough votes.
I personally wish for another GNU in 2029. One that a different party is the majority.
Back in 1970 when Zimbabwe was called Rhodesia, the Rhodesian dollar had the STRONGEST BUYING POWER on THIS PLANET!!!!!!!!
While 90% of the people lived in dire poverty
@@tshiamomaremela6870 Thirty seconds and already the first mistake 00:25 this is loser mentality, China is a loser state their per capita is depressive their economy is crumbling this why South Africa is doomed because of loser and victim mindsets like Mooshtaffa 😂
and your point is?
In the 80's the rand was stronger than the dollar. And then we got what most people keep voting for.
@tshiamomaremela6870 Come on, you get SASSA grants via all the people that get up every day, do a full days work and then get taxed for being a contributor. It's our tax money you're getting yet you never miss an opportunity to bash the tax payers.
Insightful but the question I have is, how do we challenge government and engage with them so conversations like these can make and impact.
That small business remark struck a chord
There is already a railway line from Maputo to Zimbabwe to Botswana called chikwalakwala line
Government debt is largely Rand dominated, meaning we are borrowing from local financial institutions than from foreign financial institutions.
Also, the 350bn we borrow every does not account for what we pay back. In the FY up to March 2024, there was actually 30bn primary surplus, meaning we paid back more than we borrowed. That said, we are skating on thin ice, and the point that we should be reducing our debt burden stands.
You are missing the point that is being made. The reality is that SA is bound to pay R 1 Billion / DAY just to cover the related Finance / Interest ( FI ) on the accumulated national debt; this NOT even addressing the pay-back of the original Capital as borrowed .... No matter the Base-Currency / No matter the domicile of the Lender ! I recall that this FI equates to something like 20 % of GDP; with the borrowings calculated to approx 70 % of GDP ! This is completely and utterly unsustainable; hence the Presenters having an informed discussiom in respect of the very REAL concern that SA is going broke ! Financial mismanagement; a complete lack of basic local and global financial understanding ( * The Government [ Givenment ] Has Money * ); the continued application of long-outdated; discredited Socialist ideology; the looting and blatant theft of economic-contributing infrastructure and SOE's; etc .... Is a direct result of 30 Years of ANC no-consequence mismanagement; the costly; enforced application of BBEEE that favours the politically-elite .... Need I continue ? ! 🤔😡💩🪰
Thirty seconds and already the first mistake 00:25 this is loser mentality, China is a loser state their per capita is depressive their economy is crumbling this why South Africa is doomed because of loser and victim mindsets like Mooshtaffa 😂
@@johnnyeveritt5695 He first says 00:20 and then he says 03:13 so to fix this should we learn from China? No! for goodness sake even Kuwait has the strongest currency in the world and why, because they learned not only from the US but also from the UK they are driven and governed this well due to great foreign and economic policies this why the UK made Kuwait the country it is today, but of course we will follow loser China 🤦♂
You are using same line put out by the Modern Monetary Theorists. Lending money fruitlessly, as we are doing now, will work until it stops working. Any debt has to be repaid and by saying that we can just "print" more rands is economic naivete.
It's so not smart how Zimasa compare this area of Land in economics with Continents, India,US,Euro,China... Our comparison should be refer to UAE, Tunisia, Egypt.. We are small and not special.
Mike, congrats on a very good and necessary discussion, may this reach the right ears and minds for our country and our future is at risk here. Hopefully the people of this country will understand the seriousness of the dire straits South Africa is in and vote for a better SA come 2026 and 2029, if not, they can still blame apartheif for the rest of their life time but their children are going to blame them for not improving the record whilst they had the opportunity. Colonial and race hate can take a country only so far but then there should be a turnaround otherwise their complaints and hatred is only going to turn on themselves. Thank you to those few clear minds out there for having discussions like this, hopefully it will turn the tide.
What I can’t understand is South Africa is part of BRICs it’s not just part it it’s a founding member. They go cap in hand to china with a larger African group so we get the crumbs.
I do t think South Africa is taken seriously l, we don’t take ourselves seriously…
But yet NZ and Australia who openly align with America, in fact Australia has nuclear sub pact with the the UK and America. Yet these countries have free trade agreements with china. In fact china has been working hard on the relationship with these countries.
You are right that South Africa isn't taken seriously and here is why: No successful country understands why a majority still discriminates against a diminishing minority that does much of the economic heavy lifting and tax generation. You can't be taken seriously when our last two Presidents have been fingered in theft and corruption (State Capture and Phala Phala), yet they remain in charge. On top of this, the country celebrates growing welfare dependence as an achievement.
We hold a commission of inquiry into corruption which produces 5 volumes of detailed incidents of malfeasance, many of these by civil servants. Nobody is prosecuted and many of these people are returned to government. On top of this, the official opposition is led by the architect of the State Capture project and an impeached judge!
Why would anyone take this country seriously?
@@mikesham3204 I hear you… I think though the problem is South Africa has a confused trading policy, they try to keep everyone happy especially the unions.
The country has an embarrassment of wealth but just squanders opportunities. Electricity issues born out of corruption have throttled the economy. Much of the bailout money for the SOE’s will be paid back for generations… at least if that money was used for rail infrastructure it would be there for generations.
If the GNU has one positive at least there is wider representation. The long suffering tax paying middle class needs voice, so does business.
@@mikesham3204a white man fed a BW to pigs and you talk about respect. Piss off to Europe
@@mikesham3204South Africa was doomed to fail since 94. You should have gone back home to Europe , you settlers
Zimasa ,Ronald Lamola, Floyd Shivhambo the are very brilliant 3 of them they are intelligent enough ❤❤❤
We need to go back to basics..we need to create confidence..thus investment..thus production..thus creates jobs...what about the millions over 30 years that have been misappropriated by the Anc..
Start with national party we called d a now to investigate white stole more than ANC, they stole economy,if we take economy from white monopoly capital this country will shine
Basics is education. Children in villages have to cross over rivers with no bridges in order to get to school. When there is high tide children don't go to school.
Children are being taught in English yet that is not their mother tongue thus causing more failures.
There is no school bus system that makes sure children do not cross paths with pedos and drug dealers.
Without the youth the country is dead.
Mike. He wss your most impressive guest yet.
Zimasa is great and he will be back on the State of the Nation
I agree with most of the points except for encouraging monopolistic practices in the telecommunication industry. You effectively have three mobile telecommunication providers, one more acquisition and you'll have price gouging
Zimasa is a good guy, i love his content and knowledge.
China is a global Anomaly, we should never compare ourselves to them.
We could definitely compare ourselves to Singapore. We would really need to rid ourselves of thought processes along the lines of MK and EFF if we want people to improve their well-being.
Agree 100%
Tanzia is also building railway road from Tanzania porr to Zambia with the help of USA.
Excellent , thought provoking
If you run a department the worst thing you can do is run it efficiently. If you do that, the following year your budget will be cut. So the idea is to spend a small amount above your allocation.
We need to find a way to align everyone's interests.
If you don't deliver services you will be fired. Rather have excess budget.
Just a thought.
It's not just South Africa. Economics is broken. This is an extremely serious matter. The dollar has lost 99% since 1913, the rand lost 3800% since 1980, Japan has been in stagflation for 30 years, Europe is in the middle of a war while facing massive energy problems, China is in a recession and I won't even mention the middle east and South America. The global debt to gdp ratio is over 300%. It's not just us: we are living through a global currency collapse. I wish y'all knew how bad this is😢😢😢😢. Pension funds, banks, businesses are literally going to vanish. Train yourself, get skilled, start a business, do something. Study 1929, 1971, 1987, 1999, 2008, 2020. Look at M2. PAY ATTENTION.
Where would you advise one to start? I want to learn
Excellent info!! thank you!
In Tanzania the Chinese killed Magafuli because he refused to build a port
😂😂😂😂
China is a threat to Africa
Thirty seconds and already the first mistake 00:25 this is loser mentality, China is a loser state their per capita is depressive their economy is crumbling this why South Africa is doomed because of loser and victim mindsets like Mooshtaffa 😂
You are crazy.
He was killed by America for refusing to close down the country during man made COVID
Thank you very much - superb )
The N2 road through Transkei is being g built but it was stopped initially by Greenpeace initiatives which is also NWO corruption. As a rail planner having built a major rail connection through Swaziland, the statements discussed about going to DRC are not really correct. Our narrow guage in Africa is a disadvantage in making rail the best option but again corruption in the motor industry always favours road above rail. I can tell you about many reasons for this if I was given the opportunity.
Mike Sham, Zimasa, JJ Tabane, Mighti Jamie, Sizwe, Samkelo.... Discussing how our economy is set up (historically VS now) and who the players (actual companies and people's names) are, what their political connections are and what the future SA'n economy should look like and what can be done to get there, practically (Zimasa and Jamie are good at that). Also what the panel thinks about nationalization of certain parts of the economy and what the Pros and Cons of that are.... I think that would be a great podcast.
The issue is these points are discussed under the assumption of a compitent government. If the global corruption index states SA loses up to 20% of productive income due to corruption, we are starting a recovery plan from WAY behind the starting line. There are so many things that need to be fixed, and the people who are smiling, are any nation or institution lending us money. If SA was a business, we may already be technically insolvent, but the public isn´t made aware of what is really going on. Cyril can´t wait to end his term and retire on his billions.
Mike and zimasa are really wish you could be in the development of this country
And who must we thank? Who put us in this situation?
The inept corrupt ANC government.
The ANC also inherited the debt of the apartheid regime which has to be paid by the current government ☹️☹️🇿🇦@@guidobrits6593
The ANC also inherited the debt of the apartheid regime which has to be paid by the current government ☹️☹️🇿🇦@@guidobrits6593
BRILLIANT MIND.
What id the good of the unions except disruptive, especially for upcoming businesses?
Duma Gqubule actually presents this subject matter much more interestingly. It might be worth a to invite him if possible
The term Progressive on the left is the same as free market on the right. Both are eye roll enducing.
I can listen to this guy anytime of the day
Zimasa is a very important voice. He has a permanent invitation to be on the State of the Nation!
@@mikesham3204 indeed.
The problem is that trade is a give and take. You can't block your trade partners' goods because they will retaliate. Also, South African stuff tends to be more expensive than international stuff. Competition is the name of the game
This great presentation should become PRESCRIBED VIEWING for all those in both Local and National Government who are evidently financially-illiterate; but who vote sheep-like / lemming-like on HIGHLY important economic issues that directly affect BOTH the Country and its people; but have no understanding of said issues .... Let alone the future implications ! Specifically; the fundamentally flawed; blind belief that * The Government ( The Givenment ) Has Money * that it will freely hand-out for years to come; is a case in point. Taking SA's looming potential to go broke / to go into default means that basic Income v Expenditure concepts should be taught in school to those who are politically inclined and who will hold the Country's future in their greasy hands .... ! 🤔🙄
It would be great if our politicians would listen to well constructed arguments like this. Sadly, they listen to other politicians and journalists!
...cry me a river South Africa...
Am I the only one who thinks that Zimasa is excellent at diagnosing the symptoms of the illness which afflicts the country, but yet he seems to fall short when it comes to offering a cure to the actual disease?
Zimasa is excellent at diagnosing the symptoms of the illness, the cure is self evident and he mentioned it on the show. ECONOMIC GROWTH AND PRUDENT FINANCIAL MANAGEMENT!
@@mikesham3204 Fair enough, all the respect to him for highlighting the issues which we need to tackle as a country🙂! And I specifically enjoyed the fact that he brought up the job being done by the South African Military, even if it was in passing. We really need to do more to support the boys, and gals, in uniform. And it always astonishes me how little the average South African knows, about the job being done by our boys and gals🙂...
I like you mate, but please, don't say "we messed up". That gives the impression all of us in South Africa messed up. No, the ANC government messed up.
1. Strict raw natural resources in terms of regulation and trade
2. Refinement of those resources ( jobs beneficiation)
3. State bank (general capital access for entrepreneurship)
4. Less/strict government spending against revenue.
5. Government create best conditions for development & growth (infrastructure development and international trade)
Can you trust government?
Great episode...
Couple that cost of borrowing money with the current BBBEE and PPP policies of government, as well as the retainment cost of unfinished government projects through BBBEE partners and try and adjust your figures to get to the actual cost to GDP to keep SA afloat. And then the best answer you receive from an ANC Cdre like Penyassa Lesufi's provincial cabinet is to re - name a street in Sandton, Gauteng after a terrorist that nobody knows.
MOOSHTAFFA❤❤🔥🔥
We stand to inherit this country along with its debt
We stand to inherit this country along with its debt
We stand to inherit this country along with its debt
We stand to inherit this country along with its debt
We stand to inherit this country along with its debt
We stand to inherit this country along with its debt
This episode ended too quickly. We need part 2
what was new infrastructure with economic focus.... The R4.05 billion Mtentu Bridge in Eastern Cape is one. Another 22 road projects worth R3-billion was built in Eastern Cape. King Shaka Airport. Under Sihle Zikalala as Public Works minister
, 19 more bridges were started Special Economic Zone in Namaqualand district with 550km rail and harbour is in the phase one right now. this is brining Botswans; Zambia; Upington to Kathu products to this export port. Yes more should be done, but let's not ignore these milestones . we are quick to ignore the 330billion debt we inherited with a country alamos on administration. Starting with debt; slow infrastructure and fast population growth against 400 years of exploitation is what we continue to ignore
I like how you came with facts and encouraged us to also look at the good instead of just the bad.
But they did get out of the way, look at the contract for the harbours with the Phillippines for one, you get 49% and the SA Government keeps 51% ownership, you do the work, we get the revenue. That is going to be totally unsustainable..
El Salvador is doing exactly what Vabaza is suggesting very well,seemingly.
No ,South Africa is building rail from Joburg - Egypt - Nigeria back to Joburg with the help of China.
Ports are part also South African projects and its their priorities.
What world are you living in and where do you get your information?
There are no plans for any of this. I am not sure if you noticed but China is avoiding any investment in SA because of BEE.
This really stressed me out, praying for God to bestow wisdom on the Government
Where is the referrrd to SGZ in Mpumalanga, the one that wss there previously outside Bronkhorstspruit is broken down and almost non existent. In 2019 I came across some foreigners from America and Germany who were here to break down some of thr factorirs there because it was non functionable.
I love the passion that capitalists have when they are in echo chambers. In one breath they sound like Julius or Jacob and in the next they sound like Helen or Cyril. I can't imagine you guys just discovered this today??
Rephrase your statement
Wat ever zimase is saying today ngaqala ukukuzwa ngomalema okusho ukuth most south africans bayabona nkinga la ekhona bt beyesaba ukuyilungisa ngoba basatshiswa ngokuth bazafana nezim
Zimasa makes a big mistake regarding China. On the surface it seems reasonable to believe what he heard and what he said by building roads leads to economic growth. The truth and details show massive debt that local governments cannot deal with at this moment and the level of overspending is coming to bite the CCP in the butt. The real growth comes in the buying power per capita or the economic activity per capita. Such a simple analysis of something more complex is leading the average viewer down the wrong path.
Thank to the anc
Eish! If people "in charge" could only get this!!
I’m a South African 🇿🇦 who lives in the US🇺🇸. I noticed America is what it is aswell be cause of Small Businesses
Let me explain
During Covid the USA 🇺🇸 Government paid a lot of stimulus relief to small businesses so they don’t go under, businesses like Nail Salon, Bar Bar Shops etc
Because remember a large business can have 20K workers but remember small businesses are multiple ( many ) add all the workers in this small businesses that pay tax
In short small businesses brings in more in paid taxes. Hence Reason why the USA 🇺🇸 government made sure they don’t go under completely.
US is a worlds reserve currency so Dey can print all they want while we cant
Very insightful, but this narrative will not be assimilated and internalised without carrying it out as much as possible
That is why JJ says Capitalism has failed! Every industry is owned by a handful of companies.Small businesses have don't stand a chance in this current state of capitalism.
Anyway ndiyakuva Mooshtaffa 👏
And trust the entire economy with less hands (state)? Lol!
@@AndrewMcFarlane_1 I don't have a problem with that...but I'll add and a Capable state.
@@sabathaboyana9742 yet the state has all the power, including military and police.... who will hold them accountable? At least with a capitalist economy, the state has oversight.. but hey, you forget that
Explosive episode
Share it far and wide!
We should really be learning from Singapore.
Weve got the problem zama of just criticizing and not adding value
We're all gonna die!!!!!😂😂🤣🤣😂😂
Vabaza for President?
Wow ons het jong mense soos hy nodig om die land reg te kry He have the brains 🧠 goeie gesprek Maar als maak sin ,wat hy se
Zimasa is brilliant and will be coming back to the State of the Nation regularly.
He can not or will not because then he will be ousted as Minister for not toeing the Party line. Why do you think the Justice minister has not yet stepped aside, because thr Party safeguard her.
Where is Stella, she’s not in her groove?