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South Africa could be heading toward another interest rate increase as global borrowing costs rise.
Economist Dawie Roodt explains what rising long-term rates, inflation pressure and stronger economic growth mean for South Africa, and why he expects the Reserve Bank to tighten monetary policy.
The discussion also covers US targeted sanctions against South African individuals, the debate over foreign interference, South Africa’s position in BRICS, trade opportunities and why a BRICS reserve currency is unlikely.
Chapters:
00:00 Introduction
00:11 Global interest rates are rising
00:21 Inflation or stronger growth?
00:54 Why markets are still performing
01:08 Inflation pressure and economic growth
01:39 Why SA rates could rise
01:49 Roodt expects a 25 basis point hike
02:08 US targeted sanctions against SA
02:21 Foreign interference debate
02:58 What targeted sanctions mean
03:22 Who could face sanctions?
03:25 South Africa and BRICS
03:37 The economic case for BRICS
03:51 BRICS political influence
04:10 The BRICS reserve currency debate
04:36 Global interest rates and SA
04:51 What higher rates mean for SA
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