Die ekonomie minuut

Yesterday's episode explained that it is expensive to host the Olympics, but what about the revenue?

While we all sitting in front of the TV and enjoying the Olympics, it is a good time to talk about whether it's worthwhile for a city to host it. I want to break up the answer into a few podcasts this week. First, what does it cost to host the Games?

Terwyl ons almal voor die TV sit en die Olimpiese Spele geniet is dit dalk tyd om te praat oor of dit vir ʼn stad die moeite wêrd is om dit aan te bied. Ek wil die antwoord opbreek in ʼn paar potgooie die week. Eerste, wat kos dit om die Spele aan te bied?

Vandag wil ek praat praat oor die Olimpiese spele en wat bepaal hoeveel medaljes lande wen. Ekonome het ondersoek ingestel.

Today I want to talk about the Olympic games and what determines how many medals countries win. Economists have done the research.

Na verlede week se onluste, word daar binne enkele dae ‘n aankondiging oor ‘n nuwe toelaag, of “grant”, verwag. Ontleders wonder nou watter bedrag, vir wie, en vir hoe lank?

Die bedrae is klein (dink maar wat voedselprysinflasie hierdie jaar is), maar dit tel op na baie.

Following last week's riots, an announcement about a new grant is expected within a few days. Analysts are now wondering what amount, for whom, and for how long?

The grant amounts are small (keep in mind this year's food price inflation), but they add up to a lot.

President Ramaphosa het hierdie week gesê dat ʼn basiese-inkomste-toelaag nou ernstig oorweeg word – dat dit vir mense sal wys dat die regering omgee. Die eerste vraag is of dit sal help? Die tweede vraag is of die fiskus dit kan bekostig?

This week President Ramaphosa said that government is seriously considering a basic income grant – that it will show people that the government cares. The first question is, will it help? The second question is, can the fiscus afford it?

On Wednesday, June's consumer price inflation figure will be announced and on Thursday the Reserve Bank's Monetary Policy Committee will make an announcement on the repo rate.