MPC | "People are losing houses and we are not creating jobs": Dr Roelof Botha
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- เผยแพร่เมื่อ 20 ก.ย. 2024
- Consumers can breathe a sigh of relief as the prime lending rate is now at 11.50 percent.
The South African Reserve Bank's Monetary Policy Committee has unanimously cut the repo rate by 25 basis points to eight percent with effect from today.
The unanimous decision marks the first time since May 2023 that the committee has changed rates.
To talk more on this matter, we are joined virtually by the Economic Advisor to the Optimum Financial Services Group, Dr Roelof Botha .
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
Dr Botha is brutally honest.
Thoroughly enjoyed this interview. The Dr was brutally honest. The SARB should contribute to developing the country and caring for its people, not this nonsense we have been seeing
Go try study Economics....
DomDoos !!!!
At last some one with sense. We have been suffering under this screaming Reserve bank governor! People loose properties and jobs and he is not concerned about it.
He is really telling truth. People are pulling hard on the ground.😢
It's a world wide thing....SA is not on the moon !!!!
Domkoppe !!!!
@@truth-Hurts375true, but we don’t live on the moon do we? South Africans just want to survive, and most are battling.
Well Done for asking the right questions. Dr should be included in cabinet
Really ....
@@truth-Hurts375Dr Botha is very capable. Most in the cabinet are not able in their positions. There are too many comrades in the cabinet who are not appointed on merit.
He is the wrong colour unfortunately, they only put a certain kind in cabinet and that’s why it’s a mess
Can this man be the reserve bank president please 🙏🏽 n fix this whole mess wev been dying life is unbearable lately
Someone who have sense....
People are loosing houses because there are no jobs for them, and nobody is creating jobs but they are busy fighting their politics who must be the next to lead . Question is :, to lead who and how ? . Graduates with no Skills hanging around with degrees for nothing. This country is just a shameThese politicians are just selfish fighting for their pockets. The gentleman says things the way they are .Thanks Dr Mr Botha.
People are suffering while others are swimming emcebweni we Mali kumnandi Kubo😭😭😭😭
@@mirriamduma4959 Usizi olu .
The current govenor and his mpc/ commitee seem to please certain group that happens to be capitalists/ financials or monopolies in this country, but, in addition it also wants to please American capital institutions and rating agencies and thats how our country remained stagnant for too long. The guest said the truth about reality of south Africa, most analysts do not want to speak truth, fearing that they may be seen to be leaning towards particular ideologies that is anti capital market economy or capitalism in general. Analysts should speak how the economy of this country remained stagnant for sometime and not creating jobs and chat the way foward. And that should include creating of decent jobs with the intention of creating demands in the country. In this current economic environment, the people of this country cannot even afford the basics and only few can. It is a shame to our government and its institutions like reserve bank, treasury and private sector that have been complacent for sometime.
Nationalize the Rerseve Bank, it cannot be that the big 5 banks are the shareholders of the Reserve bank.
I have always said Leseja Kganyago and his team are for the rich.
...they are for the Reserve Bank investors.
Definitely he is for the rich and foreign interests plus corporate SA interests as while....it's a slap in our faces it's like saying take this you lucky you getting something
Ps that's what he and the MPC are actually saying
His suggestion that the MPC should expanded to include economists that have a more sober take on our realties is spot on. The MPC is out of touch with the impact of high interest rates on the ordinary citizen. The next cut the MPC must consider 100 basis points as a minimum.
Haven’t seen him this upset for a long time !!!
The private sector can create jobs when government provides the infrastructure like electricity, roads, ports etc. You know, the stuff we pay taxes for.
Dr Botha should be our president
😂😂😂that’s our problem
Couldn’t agree more. SARB is captured!
I hope the MPC can learn from this video
So true. What happened to all the jobs Ramaphosa promised?
Bless Dr Botha… he is so frustrated 😩😩😩 ..’The Reserve Banks monetary policy has lost the plot!’ Quotable quote Dr Botha🙌🏾
The Dr. Says the prime rate should be at 9,5 percent,He put facts on the table and those who want to be seen as the educated and understanding society say without high interest rates the inflation will rise and weaken the rand, yoo! Clever South Africans.
I feel your emotion Sir! And would like to learn more! Thank you
This man is on point
South Africa has to decide to stay in the old ways or move to a new environment of putting it self first, not playing sympathy to USA policies,we chopping and change like we are a first world country,we cut coal power to renewable which are expensive,and the delusions that our problems started with Zuma which is nonsense, our problems are that our own who benefit from the economy don't invest back,power government expenditures,no accountability when it comes to policies that are not implemented,it looks like we still a colony of someone nobody wants to invest here regardless you white or black because we do have rich black people but they are not investing to develop this country it's all profit 😢
The US export their inflation to outside the US. Developing nations suffer the most
MPC you obviously could have done at least half a per cent. Learn from Rodolf Botha who is an excellent economist .
FIRST WHYT MAN THAT ACTUALLY GETS IT.
Does not help that the little jobs that we have tend to be almost all occupied by foreign nationals.
Another reason why we need to nationalise.. the reserve bank must be utilized for the benefit of citizens not these private shareholders playing chess making us pawns
Too little Too late.
The day it does down and stays down should be the day news rooms cover this story. Its going up again just like fuel and all other costs.
Who hires the MPC?
😢 The people don’t even realize how they are being robbed by the financial system.
For those of you that find it difficult to understand, I suggest you listen to jeff booth to understand it in simple/ layman’s terms.
“.......understanding humanities greatest paradigm shift...”
He is talking EFF cardinal pillars
Central Banks all over the world are debasing their currency & that makes it impossible for the working class to afford goods & services. It's going to get extremely worse & if you don't own assets like cryptocurrencies, shares, stocks or investment properties then everything will be expensive for you in the near future.
N they said nywe nywe GNU will save South Africa.. Total madness!! Nxa
EFF and MK will sink us in less than a day 🙃
its the only thing keeping the curency afloat Works in tandem with Us interest rates
That is also true...else more capital flight feom SA to US
Lol this is why he's a professor and not a central banker 😂😂
Let the central bankers work. 😂😂 go back to teaching 😂
BEE BBBEE
Fact: The Rand will slip in value without a high interest rate. Inflation will go through the roof and we’ll land up in a similar situation to Zimbabwe.
Forward with the EFF Forward