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MPC | "People are losing houses and we are not creating jobs": Dr Roelof Botha 

SABC News
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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.

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20 сен 2024

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Комментарии : 55   
@thapelokekana4847
@thapelokekana4847 16 часов назад
Dr Botha is brutally honest.
@ernestmashilo7728
@ernestmashilo7728 15 часов назад
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
@truth-Hurts375
@truth-Hurts375 15 часов назад
Go try study Economics.... DomDoos !!!!
@donnybrasco6675
@donnybrasco6675 16 часов назад
Well Done for asking the right questions. Dr should be included in cabinet
@truth-Hurts375
@truth-Hurts375 15 часов назад
Really ....
@christopherbuckley619
@christopherbuckley619 14 часов назад
@@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.
@GSGLondon92
@GSGLondon92 11 часов назад
He is the wrong colour unfortunately, they only put a certain kind in cabinet and that’s why it’s a mess
@paulinapatel
@paulinapatel 16 часов назад
He is really telling truth. People are pulling hard on the ground.😢
@truth-Hurts375
@truth-Hurts375 15 часов назад
It's a world wide thing....SA is not on the moon !!!! Domkoppe !!!!
@lindiedelange3801
@lindiedelange3801 10 часов назад
@@truth-Hurts375true, but we don’t live on the moon do we? South Africans just want to survive, and most are battling.
@michaelmashele867
@michaelmashele867 16 часов назад
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.
@owijayson
@owijayson 16 часов назад
Can this man be the reserve bank president please 🙏🏽 n fix this whole mess wev been dying life is unbearable lately
@SS-xt4kh
@SS-xt4kh 16 часов назад
Someone who have sense....
@elizabethandrsu369
@elizabethandrsu369 14 часов назад
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.
@mirriamduma4959
@mirriamduma4959 14 часов назад
People are suffering while others are swimming emcebweni we Mali kumnandi Kubo😭😭😭😭
@elizabethandrsu369
@elizabethandrsu369 14 часов назад
@@mirriamduma4959 Usizi olu .
@modirijack9003
@modirijack9003 16 часов назад
I have always said Leseja Kganyago and his team are for the rich.
@MusehanaH
@MusehanaH 4 часа назад
...they are for the Reserve Bank investors.
@lesibaAlbert
@lesibaAlbert 15 часов назад
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.
@JeromePerumal-dh3ff
@JeromePerumal-dh3ff 8 часов назад
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.
@omphilwemoja3813
@omphilwemoja3813 13 часов назад
Nationalize the Rerseve Bank, it cannot be that the big 5 banks are the shareholders of the Reserve bank.
@ceciliaviljoen93
@ceciliaviljoen93 11 часов назад
Dr Botha should be our president
@graesha
@graesha 9 часов назад
😂😂😂that’s our problem
@gabshide
@gabshide 11 часов назад
The private sector can create jobs when government provides the infrastructure like electricity, roads, ports etc. You know, the stuff we pay taxes for.
@renekilner7712
@renekilner7712 7 часов назад
Haven’t seen him this upset for a long time !!!
@rhodiacoetzer1657
@rhodiacoetzer1657 13 часов назад
Couldn’t agree more. SARB is captured!
@oya-hazelgumede711
@oya-hazelgumede711 4 часа назад
Bless Dr Botha… he is so frustrated 😩😩😩 ..’The Reserve Banks monetary policy has lost the plot!’ Quotable quote Dr Botha🙌🏾
@christopherbuckley619
@christopherbuckley619 14 часов назад
I hope the MPC can learn from this video
@Enrico-q6b
@Enrico-q6b 11 часов назад
So true. What happened to all the jobs Ramaphosa promised?
@rodgeralexander2688
@rodgeralexander2688 3 часа назад
I feel your emotion Sir! And would like to learn more! Thank you
@musa-p5b
@musa-p5b 14 часов назад
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.
@petrosdlamini1761
@petrosdlamini1761 16 часов назад
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 😢
@MusehanaH
@MusehanaH 4 часа назад
The US export their inflation to outside the US. Developing nations suffer the most
@christopherbuckley619
@christopherbuckley619 14 часов назад
MPC you obviously could have done at least half a per cent. Learn from Rodolf Botha who is an excellent economist .
@MusehanaH
@MusehanaH 4 часа назад
Does not help that the little jobs that we have tend to be almost all occupied by foreign nationals.
@njabulomsane458
@njabulomsane458 14 часов назад
FIRST WHYT MAN THAT ACTUALLY GETS IT.
@B3748Autorun
@B3748Autorun 10 часов назад
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
@innocentnzuza3749
@innocentnzuza3749 12 часов назад
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.
@phantasm963
@phantasm963 8 часов назад
Who hires the MPC?
@edwardsmall8865
@edwardsmall8865 16 часов назад
Too little Too late.
@edwilljohannes4599
@edwilljohannes4599 15 часов назад
Forward with the EFF Forward
@harrionl
@harrionl 16 часов назад
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.
@codymakwela3195
@codymakwela3195 15 часов назад
N they said nywe nywe GNU will save South Africa.. Total madness!! Nxa
@MusehanaH
@MusehanaH 4 часа назад
EFF and MK will sink us in less than a day 🙃
@peterwomersley
@peterwomersley 15 часов назад
its the only thing keeping the curency afloat Works in tandem with Us interest rates
@MusehanaH
@MusehanaH 4 часа назад
That is also true...else more capital flight feom SA to US
@moosesnWoop
@moosesnWoop 15 часов назад
Lol this is why he's a professor and not a central banker 😂😂 Let the central bankers work. 😂😂 go back to teaching 😂
@carolb8452
@carolb8452 14 часов назад
BEE BBBEE
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