The Viral Wellness

Ep.8 Economy II: Tata ma chance, tata R500bn!

May 25, 2020 Season 1 Episode 8
The Viral Wellness
Ep.8 Economy II: Tata ma chance, tata R500bn!
Show Notes

Hey there beloved listeners.


When you heard it, you must have had the same reaction as we did: 500 Billion Rand?!

It's a tough number to wrap the head around, and that money doesn't just come out of thin air. In this next episode. We speak to friend of the show, Stuart Mansfield, chief audit executive from Investec, you'll recognize him from Episode 2, we're happy to have him back.

As with the first Economic episode, we believe that wellness includes understanding the economic world, especially when numbers like five hundred billion that are being thrown around.

In this episode we cover what this support package means, how it will be used and check in on the state of wellness in the country.

Topics

  • Updates on the economy since we last spoke
  • What is the IMF and what is a stimulus package?
  • Debt & Deficits
  • A country as a household, a GDP model
  • Where is the R500bn going?
  • Central Banks & Commercial Banks
  • Inflation, a really good example.

PLEASE NOTE: We recorded this episode a few weeks back and have supplemented it with an update from Stu, the quality is a little different but important! 

FINALLY: We've left one error in the Podcast from when we recorded on May 22nd, if you can spot it. We'll send you a Top Deck chocolate* 

Coming up next: Gender Based Violence: The War on Women?

Sources:

https://courses.lumenlearning.com/boundless-economics/chapter/defining-measuring-and-assessing-inflation/

https://www.investopedia.com/terms/e/economic-stimulus.asp

https://www.forbes.com/sites/niallmccarthy/2020/05/11/how-global-coronavirus-stimulus-packages-compare-infographic/#7dde8ec5ca52

https://www.cnbc.com/2020/03/31/south-africa-looks-to-structural-reform-last-investment-grade-credit-rating-falls.html

http://www.capetalk.co.za/articles/371318/fewer-than-3-million-south-african-pay-97-of-all-personal-income-tax

http://www.statssa.gov.za/?p=12930

* subject to availability, applicable to the first five correct responses. Must be in the Johannesburg area.

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