On Friday at Nampo, Theo Vorster of Gallileo Capital made an interesting argument. He says that our mindset is still trapped in the Zuma era of state capture, but that things are different now. The initiatives for private generation of renewable energy, for the private use of Transnet's railway lines, the spectrum auctions and so on, are all moves in the right direction, but our thinking has yet to catch up with how big the change is. One can easily give a list of reasons why all that is not enough, but a small sign that things have changed maybe how resilient investment is.

* The Economics Minute is supported by the NWU Business School.

Vrydag by Nampo het Theo Vorster van Gallileo Capital die argument gemaak dat baie van ons se gedagtes is nog vasgevang in die Zuma-era van staatskaping, maar dat dinge nou anders is. Die inisiatiewe vir private opwekking van hernubare energie, vir privaatgebruik van Transnet se spoorlyne, die spektrumveilings ensovoorts, is alles beweging in die regte rigting, maar ons denke moet nog opvang met hoe groot die verandering is. Mens kan maklik ʼn lys redes gee hoekom daardie nie genoeg is nie, maar ʼn klein teken dat dinge wel verander is dalk hoe veerkragtig investering is.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Na drie 25 basispunte verhogings het die reserwebank se Monetêre Beleidskomittee gister die repokoers met 50 basispunte verhoog. Goewerneur Lesetja Kganyao verduidelik wat tot die besluit gelei het.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

After three 25 basis point increases, the Reserve Bank's Monetary Policy Committee yesterday increased the repo rate by 50 basis points. Governor Lesetja Kganyao explained what lead to this decision.

* The Economics Minute is supported by the NWU Business School.

April maand se verbruikersprys inflasiesyfer is gister bekend gemaak endie jaar-op-jaar koers was onveranderd van Maart maand se 5,9%. Maand-tot-maand het inflasie toegeneem met 0,6%.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

April's consumer price inflation rate was announced yesterday, and the year-on-year rate was unchanged from March's 5.9%. Month-on-month, inflation increased by 0.6%.

* The Economics Minute is supported by the NWU Business School.

What are the circumstances in which the Monetary Policy Committee decides on the repo this week? Households have it tough.

* The Economics Minute is supported by the NWU Business School.

Hoe lyk die omstandighede waarbinne die Monetêre beleidskommittee hierdie week ʼn besluit neem oor die repo? Dit gaan nie maklik met meeste huishoudings nie.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Ek het gister gesê dat ʼn repokoersverhoging gaan geen verskil maak aan die olieprys, of stygende voedselpryse nie, maar dit is ook die Reserwebank se belangrikste manier om inflasie te beveg. Dit werk deur verbruikers se bestededing te demp en investering te verminder, en eindelik besef besighede dat hulle nie kosteverhogings kan deurgee aan die verbruiker nie en dan sal inflasie stabiliseer. Moet ons dan nie eerder inflasie so bietjie skiet gee totdat dinge in die internasionale ekonomie genormaliseer het nie?

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

I said yesterday that a repo rate hike will not make a difference to the oil price, or rising food prices, but it is also the Reserve Bank's most tool for fighting inflation. It works by curbing consumer spending and reducing investment, and finally, businesses realize that they cannot pass on cost increases to consumers, and then inflation will stabilize. Shouldn't we instead allow a bit of inflation until things have normalized in the international economy?

* The Economics Minute is supported by the NWU Business School.