Die ekonomie minuut

This week we learned that the economy also matters in a war, that bank transfers and bombs can sow destruction. At the beginning of the week, we thought about sanctions like we did in the 1980s: measures that slowly strangled an economy. Then we saw what happened when the Russian central bank was cut off from its foreign exchange reserves.

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

Volgens Netwerk 24 het die Finansiële en Fiskale Kommissie en die Parlementêre Begrotingskomittee gister die parlement gewaarsku dat as gevolg van die konflik kan Suid-Afrika daarvan vergeet om hierdie jaar ekonomies te herstel tot die vlakke van voor die Covid-19 pandemie. Daar is nie nog besonderhede gegee nie, maar ek dink dit hang so bietjie af van waar jy gedink het die groei vandaan sou kom...

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

According to Network 24, the Financial and Fiscal Commission and the Parliamentary Budget Office yesterday warned parliament that as a result of the conflict, South Africa can forget about recovering economically this year, to the levels before the Covid-19 pandemic that is. No details were given, but I think it depends so little on where you thought the growth would come from...

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

Hierdie week het die regering die nasionale arbeidsmigrasiebeleid vir kommentaar vrygestel. Die beleid het ten doel om kwotas in te stel vir die totale aantal buitelandse werkers met werkvisums wat in sektore soos gasvryheid en toerisme, landbou en konstruksie in diens geneem kan word. Die voorgestelde wet sal buitelanders onder meer ook verbied om klein ondernemings in sekere sektore te begin. Ek besef dat dit 'n populistiese kwessie geword het, maar die ekonomie daarvan is 'n slegte idee.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

This week the government released the national labour migration policy for comment. The policy aims to introduce quotas on the total number of foreign workers with work visas who can be employed in sectors such as hospitality and tourism, agriculture and construction. The proposed law will, among other things, also ban foreigners from starting small businesses in certain sectors. I realise that this has become a populist issue, but the economics of it is a bad idea.

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

Dit is al die eerste dag van Maart, en dalk 'n goeie tyd om te vra - hoe gaan dit met die SA ekonomie? Daar is goeie en slegte nuus die week... die elektrisiteitsprys, brandstofpryse, en al die ander aanwysers wat saak maak.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

It is the first day of March and a good time to ask: So how is the South African economy doing? There is some good and bad news this week... the electricity price, fuel prices and everything else in this week's indicators.

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

Verlede week het die ekonomiese gevolge van die Russiese inval in die Oekraïne uitgekring tot in Suid-Afrika. Ons bande met hierdie ekonomieë is beperk. Slegs 0,4% van ons totale uitvoere gaan na Rusland en slegs 0,7% van ons invoere kom van Rusland af. Die impak op Suid-Afrika werk deur die internasionale pryse van sekere kommoditeite en die pryse reflekteer moontlike onderbrekings in aanbod weens die konflik en die sanksies teen Rusland.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Last week the Russian invasion of Ukraine had economic ripple effects as far away as South Africa. Our links with these economies are limited. Only 0.4% of our total exports go to Russia and only 0.7% of our imports come from Russia. The impact on South Africa works through the international prices of certain commodities and the markets are pricing in potential disruptions in supply due to the conflict and the sanctions against Russia.

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

Soos wat ek vandag na die kommentaar oor die begroting geluister het kry mens ʼn paar indrukke. Die belangrike een is dat dit lyk nie of ons geleentheidskoste verstaan nie.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.