Dawie Roodt : SA: Heading for Default

[@grantbradshaw7907]

Excellent video and a great guest South Africa's best economist

[@mikesham3204]

On South Africa's best podcast! 😎

[@ProcaviaCapensis-ts8ub]

I always love listening to Dawie. He explains things simply for dummies like me. If only we had school teachers like him.

[@eugenebrassel8009]

The dummiest of the dummies still don't understand anything Dawie explains.

[@karinak9465]

Always nice to listen to Dawie - thanks, Mike for arranging it! 🙏🏻

[@AndrewMcFarlane_1]

Agree 100%... The ANC has yet to find out what the word responsibility means

[@annetteelliott1494]

Can they even spell it?

[@andymarais3014]

Amazing how someone with brains can sort the home affairs backlog out.

[@truth-Hurts375]

Kak praat nie !!! Go do the Maths.. DomDoos !!! There is no way in hell that the same office..different boss.. could do that amount of work with the same lazy people in a 100days !!! Stop believing this Bullshit Apartheid Propaganda !!!!

[@pamelaleibowitz3019]

Thank you !

[@moonchild7033]

Nice one, thanks Mike. I always enjoy hearing Dawie's expert opinion on the state of our economy. Great show.

[@lemontree397]

I'm so looking forward to watching this conversation later. I was hoping to see Dawie Roodt on State of the Nation again

[@mikesham3204]

We are happy that you are happy, enjoy Dawie, he is great!

[@wirigumbie5798]

I love listening to Danie - makes everything understandable to lay people

[@WakkerWordWoord]

Thank you for using the abbreviation ASA for Triator Mashaba's diminishing gang. Since when should the media/ public let them be prescribed how they should employ abbreviation standards?!

[@truth-Hurts375]

While it is ok for Matric Domkop John Steenhuisen to crawl up Ramaphosas ass !!!He is still nowhere to be seen....must got stuck there !!! Why is that ??? DomDoos !!!

[@johannesvanvandermerwe6887]

Great stuff Mike. Groete. Jannie.

[@markwinter7511]

Could Dawie maybe spell out to us how a mk / eff govt would pan out in reality were they to come to power and implement their policies.

[@SueLeo1]

It doesn’t have to be explained.. MK & EFF will TOTALLY destroy South Africa. Remember the looting under Zuma? Remember VBS by the EFF? It will be that but in STEROIDS!

[@truth-Hurts375]

Kak praat nie !!! Stop beeing Obsessed with the 4 % EFF And the 5% MK ! DOMdoos !!

[@hansielategan969]

I would have loved to hear what Dawie says about the Russian economy and how it is surviving the sanctions as he does have ties with Russia and maybe knows a lot more than we do.

[@robbiemair8506]

Why is no one demanding the removal of the BEE policy???.. we need jobs!!!!

[@kevinjohnson8037]

Mike expand your show and do a deep dive on demography -its a problem far greater than most realise -A deep dive on the data shows why its a very big problem ,especially for generations to come

[@mikesham3204]

I am obsessed with demography, if I had to start, I wouldn't be able to stop. Not enough people are understanding just how much the world is about to change.

[@tonysham3169]

Thank you

[@gavinjohn]

Great show Mike.

[@pierre-el]

South Africa is not heading for default.. we, the people did not sign on the dotted line for the so called RSA debt, that's on the political class.. they loaned that money, they blew it out their a's and they are responsible..

[@stevendevilliers471]

Borrowing from Peter to pay Paul

[@mikesham3204]

We are borrowing from Peter and Paul!

[@johanpotgieter5949]

Some (most) of the supporters of the African National Corruption Party probably hate Dawie Roodt because he CALLS A SPADE A SPADE!!!!!!

[@kevinjohnson8037]

Born in 2023: Approximately 1,196,622 babies Died in 2023: Approximately 548,100 people plus low quality skills

[@JohnWallace-mb1mi]

If most (85%) of the national debt is rand denominated then there is no need to be worried about tenuous scenarios like Trump's toothache. Better to worry about his tariff plans which South Africa cannot affect.

[@hectorvere5072]

@@JohnWallace-mb1mi True John

[@moderate1452]

Modern monetary theory for you. Inflation = Increase in the money supply. Hi rates = savers being rewarded not punished and the Govt simply inflate the debt away.

[@hectorvere5072]

@@moderate1452 SA's GDP to debt ratio is lower than the US and UK, so called first world counteies that continue tonprint money and we must continue to follow their ways of doing things. Wake up Saffas. We in a good space here. Watch the US election debates/ speeches/analysis and u will realise what I am saying

[@mikesham3204]

@@hectorvere5072 Financial markets and lenders will treat debt ratios differently when you include the risk factors facing each country. SA has very market unfriendly policies which lenders hate. We are also hostile to the very countries which are lending us money. We can run up the debt, but please understand that the lenders are not crazy about our debt.

[@hectorvere5072]

@@moderate1452 Tell me which govt in the world saves

[@iamgeoffandthisismystory]

In other words "we" need to work harder and smarter! YoYoYo😂

[@stephaniejooste3879]

I can't understand why Eskom wants to Penalise people who invested their own money to reduce the strain on Eskom!

[@Sonetteful1]

Its been far too long Dawie. My hubby is a financial advisor and he says you are the best and your advice is sound...

[@ericschoeman6613]

I will loose less money if I stop doing business and I'm one of many the government is bleeding us dry this economy would not last long in this current form

[@richardlamos1436]

True India will do well but the growth will take time to ramp up , slow for 1 or 3 yrs and large after 10 yrs

[@stevendevilliers471]

Stealing from Peter to pay Paul

[@theresasmuts9896]

...heading? ETA yesterday 😶

[@alanreynolds5430]

I do not see inflation coming down at all! - ask my wife!

[@johnbutler3141]

Come on. Low inflation. What country are you living in.

[@AndrewMcFarlane_1]

Just my comment on the China matter: The low per capita consumption on the Chinese will also cap their porential growth if you couple it with the CCPs behaviour.

[@reverse_meta9264]

24:40 the commentary that free-trade has no cost is delusional, it costs your country the opportunity of those industries (and all the jobs that go with it) especially when dealing with countries where you cannot conpete on price because they make use of slave-labour

[@comancheflyer4903]

I don't agree with you. It's the lack of productivity in this country plus the unions.

[@asianetix]

Debt: stealing from the future and future generations.

[@richardlamos1436]

I disagree. Our SA demographic profile shows trouble. 920 000 thousand school leavers per annum , and how many new jobs created by our pathetic govt? 200 000 odd?

[@janni3dutoit]

En daai shiner Dawie?

[@mfanakithi2002]

Dawie I am worried about the statement around our skills of young people being weak. We’ve got a youth dividend, we are squandering this absolutely….

[@SueLeo1]

Not really, unless these young people have skills. Who closed down Trade Schools? Answer: The ANC.. so how do these people get skills? They dont..

[@yr2180]

Just by breathing does not make you useful

[@KhanyisoNtloko]

How can it be? Japan owes 260% Britain 280% the EU 160%, they all don't have minerals and 400tcf natural gas reserves 😲🙄🤔

[@WHOLT2]

The difference is they have more tax payers than those living on handouts. Out deficit is as a result of state capture and the socialist policies of the ANC under Zuma and the 9 million taxpayers supporting social grants for those millions unemployed. There is no plan from the ANC to grow the economy to fund future government expenditure and hence borrowing takes place to fund deficits and the interest bill is becoming the highest government expense in its own. Communism and socialism at its finest.

[@halinaleonowicz8038]

And you come with those indices from where? 🤣

[@KhanyisoNtloko]

If follow, Christine Legard imf chair, Peter schiff renowned economics, Jim Roger's the guy who predicted the 2001 crush, 2008 crush. They all say that the EU is broken and America is going to face hyper inflation and economic depression starting next year. It's going to be worse than the 1929 depression 😁🤓💯

[@halinaleonowicz8038]

@@KhanyisoNtloko But those indices are where from exactly? Generally whole world is broken, but truth is in details, not gossiping economic indices blown from own imaginations 🫣🤔

[@KhanyisoNtloko]

@@halinaleonowicz8038 IMF data 🤓😁

[@Moyopheus]

The guy calls tax a form of theft but wants to have amazing roads and bridges and dams and public airports etc. For an old guy he knows what apartheid was like and yet says the government is restricting free trade because of a minimum wage?! Does he forget conveniently that the apartheid regime and private capital exploited workers so thoroughly it may well have been slavery. The basic conditions of employment act is a milestone piece of legislation and yet it's treated like a pariah piece of legislation yet exploitation led us there. Does he really think that people will be honest and pay fair wages in time when there are people out here selling fake food and the like? This far right ideology is what's left us to global pollution levels where they are and lung cancer from smoking. Companies lied to us and bribed politicians to avoid simple legislation. And when proposed legislation is touted they act like it's the end of the world of free trade and when it's enacted it's not . I like this show but please bring more credible,honest and pragmatic economists who can push this country forward with real proposals not pie in the sky ideas. Minimum wages has not moved the needle in any way in SA. And you can't call yourself a business if you can't pay minimum wages. Here are my proposals. Connect everyone to the internet , every rural child should have access to the internet in their home. An old PC or something ,access to Internet data should come down as a result. 2. Income tax should be derived from back yard dwellers in shacks all over the country and formalised for purposes of increasing access to credit. Reduce the military budget to one of high tech drones and an air force and navy instead of a big infantry, save the proceeds and redirect to technology startups. Impose a capital gains tax once off to pay off apartheid debt, and raise funds for a sovereign wealth fund. Reduce the social wage by cutting some grants given in exchange for a business loans and startup capital for the township and local income economy. Help businesses that are startups by paying for growth through a labour scheme where the unemployed but employable can work for startup businesses and gain valuable experience.

[@powertechnical]

We don't need a minimum wage because it will not solve any problems. Jobs are the big problem and people need jobs. It is better to have low unemployment and everyone can earn money compared to high unemployment and a few people earn at minimum wage. Tax is a good and a bad thing. You do need tax money to fund for infrastructure and a good infrastructure will help other businesses to perform better. The problem with tax is if you take more and more tax money from people and waste it, then businesses and people will get less in return. Also more tax will make stuff more expensive and make life for poor people even more difficult.

[@goodbarbenie5477]

In a Marxist Socialist regime like South Africa...😮 When U live in a country with a supposedly Capitalistism has a moral basis. Then unless U have Economic Freedom...U will have no Freedom at all.... This gentleman is talking so glibly about things, that aren't really true, because this ANC government certainty doesn't have the interests of people of South Africa at heart...The Private sectors and Industrialists are the ones who are the only ones, who can create wealth within in the country. The government has clear limits and boundaries to which the government cannot override, as they can't run everything and therefore shouldn't even try. Freedom for individual means having the ability to develop his or her talents so as they can develop their own economy freedom. This is the only way forward is to have a Capitalist society. But what has happened in the meantime. With a Socialist government is sooner than later, U will run out of everyone's and out of everybody else's money 🤑.... This has and is happening. Besides this ain't rocket science...😮 It's a fact...

[@powertechnical]

He did mentioned that government must solve the policies issue which is driving businesses away

[@goodbarbenie5477]

@@powertechnical the ANC government is the problem no matter every which way it goes.🤕

[@TheMinstrel55]

One question for Dawie, why does the government borrow something that it can print.Thank You!

[@ProcaviaCapensis-ts8ub]

Refer Zimbabwe. Did a Trillion dollar note help them ?

[@yolumi6592]

Also, printing press is privately owned abroad remember

[@SueLeo1]

Massive inflation will happen. Want to pay R200 for a loaf of bread? Want to eat elephants? Look at Zimbabwe for further information..

[@SueLeo1]

Did you even go to school? 🤦‍♀️

[@saamstaan6540]

Nee jissie ou.

[@cppmj]

I dont agree with the title of this video. SA is nowhere near a default status,

[@SueLeo1]

Yes we are… is your head permanently in the sand?

[@FinancialConsultdotcodotza]

​@SueLeo1 good question is which country isn't 😂

[@mikesham3204]

We have to pay R1bn per day in interest alone. We don't have an economic plan and we have policies which are unfriendly to local or international business. Will we reverse this picture before lenders ask for their money back?

[@powertechnical]

Maybe you should watch the video again and listen to the part where he mentioned that the debt we have to pay is unsustainable

[@hectorvere5072]

Economics is not a science and people like Dawie thrive on being negative. I have never heard him speaking positive about SA. WE are doing very well as a country. We need to change our reliance on guys like this. no solution offered. Just bash

[@wfer365]

You just have very low standards.

[@ruvanefriebus-cv6td]

Hahaha look at the exchange rate look at the prices of homes! Wake up!

[@iamgeoffandthisismystory]

Good luck with your addiction, hope you can kick the habit! (don't do drugs, children!)

[@true5188]

@@hectorvere5072 his opinion speak the truth....on the other hand people like you want to see the positive in this corrupt country where the elite get away with murder.. .....because they born corrupt.

[@ProcaviaCapensis-ts8ub]

We are doing well ? Are you living in Orania where everyone is employed and there is no crime ?