WE NEED A PART 2 MOST DEFINITELY!!!!

Absolutely scintillating! If Duma was Minister of Finance, RSA would be where we need it to be.

For me, SARB is using an old model that is no longer working for inflation targeting. They should find a new tool for this model. Hiking interest rates is not solving our inflation, we have an Eskom problem. Great discussion

We need to have more conversations about SA Economy and Financial Markets.

You can sense that this guy is a well of economic knowledge. He just flows without thinking hard. Thank you Sizwe for bringing this guy to educate us.

I love this channel because it exposes me to different mind within our country, yeah, South Africa is alive with possibilities

I barely watch indaba on TV because it's podcasts like these that provide in depth analysis on things that affect us as South Africa. 🎉

A very impressive man. Eloquent, modest and exceptionally intelligent. A delight to listen to him

More of Duma Gqubule please. One of the most thought-provoking SMWX ever (and the bar is high!)

Great chat 👏🏾👏🏾 Duma is a national treasure.

He really understands economics and no doubts about that .

I like his idea of debt to jumpstart growth. It’s like a “leveraged buy out” investment approach on steroids. My only problem is that we cannot trust anybody to be a responsible custodian of these funds…

Definitely need another episode, Mr Duma Gqubule is so eager to share his thoughts and knowledge you can pick it up on quickly he moves you to point to next to make a broad statement, incredible! Thank you Prof

This interview is why I'm a proud member of this podcast 🙌🏾 thank you to the Guest and Doc!

Doc please invite Dr Joel Modiri (to discuss Critical Race Theory, Decolonisation) and Dr Clement Marumoagae (To discuss the state of the SA Jurisprudence and The Judiciary)

Thanks for coming through ntate Duma Gqubule and to Dr Mpofu-Walsh for hosting such an informative episode. We need him back.

"its does not make sense to have budgets constraints on public sector investment"; Economist Duma Gqubele. 🎉🏅 That should be the attitude for all state assets, to never allow foreign elements to dictate how we stimulate our economy with our state assets.

I am also a fan for suggestions backed by data. Insights shared are brilliant especially when he spoke on solving Eskom challenges, government expenditure and an idea on creating jobs. Brilliant

Like someone said, we need more of these episodes leaning towards economics. Someone who comes to mind is the Australian economist Steven Keen, he has some unorthodox views on how economies work. I believe he can really add value to our ossified and very orthodox view on economics

This is the first ever time in many years, one hears an economist who stands behind what they believe in, in terms of policy with somewhat accurate costing as the basis of their standing. One has been a radical for all their life, but the approach this man seemingly took on policies such as nationalization of the mines, land distribution, social grants, is quite fascinating and essentially way more effective due to the numbers, WOW!

Thanks Sizwe for inviting Duma. As a postgraduate economics student I look upon him as an inspiration and hope to meet him one day. His views are completely unorthodox though. I didn't know that he supports the nationalized of mines.

This was so insightful 💯, we NEED part 2, 3,4, actually he should be friend of the show, he's 'gogo Aubrey ' of economics....i believe he's an independent economist, he doesn't sound like other puppet economists.

Thank you once again Sizwe. I was schololed here. Ayeye Mfowethu!!! Keep up the good work ❤

Not Duma saying "some weird things" are going on describing the structural reforms in water😂😂😂

Its powerful Hlubi, we need more.

Mr Gqubule is talking very important nuggets there,however, all these points need a person not controlled by greed and invisible hands.

Wonderful Audio, shout-out to you and your team

Wow. Absolutely loved this interview. We definitely need a 2nd part of this interview.

Great show Sizwe... I was just wondering possibilities of having these economist present their Economic proposals on your show in order to stimulate a more bigger and urgent debate on what to be done with our economy? Duma's insights on what should be done are amazing but it's one perspective so surely there are other perspectives out there and this is an urgent topic that needs to be tabled in the country because it affects us all. Just last week after the SARB announced an increase in the repo rate, I listened to Professor Bond saying the SARB made a huge mistake with the increase and again yesterday anoth respectable economist from AIDC said the entire SARB MPC should resign because they are no longer doing their jobs in the interest of the country. So Sizwe I want to suggest to you to bring more economist to present their Economic Proposal for the country.

Ayeye a part 2 would be highly appreciated 🔥🔥

South Africa is being punished, there's a lot we don't know that's happening in this country

CANNOT wait for this one!

Always refreshing to sit and listen to an expert speak their mind. This show is very necessary to the mass education of the South African general public about economic and political issues that affect us in real time.

Sizwe when you do part 2, can it be targeted and address specific issues. Like unemployment, basic income grant, etc. ❤

Waawu what a mouthful I feel educated...but is anyone in government listens though!?? Thank you Sizwe very informative session

Thank you Duma. At least someone has a plan.

I think Duma should come back, to talk to us about the type of economic ideology that would work for an African economy. Duma is able to talk economics using normal language. A great mind indeed. Enkosi Hlubi 🤝

Great conversation, thanks Sizwe👍

Fascinating, endlessly fascinating...Part 2 on this thing pls mahn 🙏

Great interview Dr Sizwe. Thank you

Duma Gqubule is one the few South African thought leaders who is not afraid to go against the proverbial wind. He says unpopular but necessary things.

Duma knows his stuff. Kudus 👌

Part2 is most needed, with urgency But please, plan for a proper long-form this time. Please...🙏

This one, for me, has got to be the best SMWX interview so far. Thank you for such an informative, fresh perspective.

Exceptional

Brilliant, informative!

This man is a true representation of black excellence. Any president with the people's interests in heart would work with this man as his advisor.

Thank you Sizwe for bringing in ubhuti Duma on your show with some insightful comments, he has been a lone voice on many economic issues when all other economist were singing the same hymn. In future kingly invite Siyabonga Hadebe who is political commentator and Sibusiso Nyathi who is an Economist.

Great to listen & learn from Duma Q. Isn't it telling that Duma Q & Padi L didn't get an invite to be part of the presidents advisory team😢. We continue to stuff up this country to what end? Please invite Duma after the BRICS summit to hear his insight on its output. Stellar interview 👍

Interesting expose on the Covid Grants. We were dribbled by the finance minister moving Funds around and the communication department spell bounding us to economic gymnastics. As for the Economic Summits. As deflating as a friend who convinces you that the Hillbrow Summit has new dancers and new acts. Such has been the Ramaphosa Administration. Thank you Sizwe. "Superior Logic" from a mainstream economist Reserve Bank mandate has to change (an RET policy) "Employment is not a responsibility of government" Ramaphosa Renewables not working and Eskom2 (Gov MUST INVEST IN GROWTH) my conclusion - The ANC needs to run its own country in Robin Island. It no longer has SA interests at heart

Was listening to him yesterday on Hot 1027 Business... I was captivated... Now that he is here... I cant wait to dive in... These are the kind of analysts we need... Calling a spade a spade...SARB is out of order...

This was brilliant

Thanks Sizwe ❤️ 😊

UBI - it will not work unless we print money by the truckloads - R350 is too little and we have no money for more or for more recipients - if our economy was booming it would be another matter.

priceless info

Has Duma Gqubule written books? I would love to buy whatever study he has published.

We need part 2 on this one Sizwe.

I learnt a lot through this exchange.

Basically, Duma advocates for state capacity to drive development and growth, jobs, etc. I agree.

As a country we can use his knowledge to resolve most of our economic issue. ANC this man is power. Just put this into practice.

Please… more from this very distinguished gentleman.

Part 2 ❤please

Very insightful. Please have a series, tackle one/two issues a time.

I need to watch again

This is something I’ve been saying since we started raising rates. You can’t contain Cost-push inflation by raising interest rates. You are indeed burning the house to roast a pig.

Great show once again doc 👏🏿👏🏿👏🏿

Love the interviewer. At 19.59 he talks of the failings of the economic models .we have a failure of bad governance ,secondly of proposing of bad economic policies.

The man is out of touch with reality. Too much time spent in the boardroom, not enough time on the ground. A lot of wishful thinking

This guy rocks just with the intro. A man with some sense.

Ur solution or ideas in solving the current problem we have are gud, bt I dnt think they will ever work under severe corruption. Because the leadership it only do things that benefit them or that will anrich them, eskom problems are fixeble, bt they dbt want it 2be fixed bcz they are milking billions out of this crisis. So it's nt about the people it's themselves benefiting

What he wants to do can never be done under the current ANC government. Thats a fact.

Hi Sizwe, this is an interesting topic. Maybe can you discuss further with someone on an issue regarding inflation and interest rates adjustments. Why is it that when interest rates are adjusted upward, that easily filters to the end customer almost quicker but when interest rates are adjusted downward, it seems like it is taking much to impact to an end user. Then adjustments of interest rates to curb inflation, does not that still not result in prices increasing which is inflation?

@sizwe please track down an economist called Redge Nkosi for alternative economic models to solve the colonialism being facilitated by the Reserve bank.

Thanks a lot, please come again we a honored

Sizwe i love your podcast! But why is your sound, volume so low ?😢

This guy sounds like a social justice economist yet realistic as opposed to being populist, his ideas are pleasing to hear.

Ayeye!

Very interesting economic analysis. Sliced economic data explained for last three decades. SARB is killing us through the high inflation's. He just confirmed Free Education is possible which will obviously alleviate poverty. Budget constraints are killing the economy and government seems to like these unnecessary belt tightening measures. Health and Education are to very successful economic growth. Another important point mentioned is that you don't go to school to employment but to get knowledge. Lastly, Let's deploy this man to run SARB he definitely has viable solutions to the economic crisis. Azania can't suffer while we have such intelligent people.

After all that is said, I will tell you what is the biggest shame of all...in a literal sense we sleep on top of gold,diamond, gas,oil etc, but our dream as Africa is limited to a politician at the helm, can someone please wake me up from this nightmare 😢

Part 2 please

What I can term as the "South African Paradox" is a First-World financial/industrial economic structure, coupled with essentially an 80% majority African tribal societies/communities. As a result the new BEE/political elite have the superficial trappings of the First-World (German luxury vehicles, posh mansions, European holidays), but are at their core just villagers/township hoodlums (three prominent names that come to mind are JZ, Gwede and Paul Mashitile of "Alex Mafia" fame). Note that, with few exceptions, the new BEE elite do not engage in manufacturing/commercial agriculture/value addition and largely rely on government largesse (aka "tenders").

Part 2 Please Brother

Round 2 Sizwe!!!

I agree with the two divisions of Eskom I would sell ofF 50% TO THE PRIVATE SECTOR TO GENERATE POWER WITH RENEWABLES wind , solar the government will hold on to the coal-generated plants can be retrofitted, These plants can capture and store CARBON waste UNDER-GROUND IN DISUSED MINES note caol will be used for the next 30 years to give the government time to build new age nuclear power generators

My guy this is more than wind😊

wow

Enklek Enklek we have the means and people to solve RSA problems, I think our government has no desire nor will to solve them... Danko!!!

Sizwe looks so uncomfortable, especially when he goes on about monetary policy and debt(costing)😂shout out to Siz for sticking it out😂and actually asking meaningful questions, my advice, please get a visiting host to simmer down the tone in the room,when he goes on about refashioning the economy, just as one, of many examples, someone needs to interpret what is meant by that, to make the conversation more meaningful. Please get more Accounting/Finance and Economic views, as highly detailed as this. This is officially my number one episode yet.........absolutely loved it, sizzling episode.

❤

💪💪🙏

We need him as an advisor in the EFF government

I am more concerned about the limitations of GDP growth when it comes to the actual resources that we need and the manner in which we gonna drive the acceleration of that growth we need and curbing greed of the economic opportunities by those in power both the private and the public sector that will leave actual beneficiaries of this economy to only a few.

"Massive injections into our economy " 29:21how does ond get into the economy without the anc stealing or mismanaging it?

How is our interest rates coming down, when the US Fed keeps hiking there's

If I got R1500 for existing I wouldn't look for a job. Why would I break my back working at an office or mine?

Why is it that we don't have people like him in government? I am sure he will beat Enoch Godongwana in economic discussion hands down.

I'm not sure that the Reserve Bank should impose restrictions and controls on prices of products. Historical data shows us that this tends to lead to shortages of products be it housing as in California, or bread as in Zimbabwe. The competition commission can do more to protect consumers by ensuring that prices are not raised at the expense of the consumer through collusion and offender's must be harshly punished for unjustified price gouging but I think the market should be left free to operate generally so we do not artificially set prices away from the equilibrium point between supply and demand. Government can also assist with better targeted tax rebates and allowances on people's incomes on a monthly basis to aid with these price shocks. I think I also heard Duma say that we need to sell off most SOEs because they don't function well and are a burden to the state and essentially make them private. This he says would generate a lot of capital and make our debt vanish. However in the context of South Africa the wholesale sale of SOEs would concentrate capital in a few private hands mostly white and that would undoubtedly create an even more unequal society, this would be agitation for civil uprisings as a result. All that a private train operator for example has to do is generate just enough profit annually to satisfy it's shareholders even if this came at the expense of the mostly poor who most need the service. Therefore you would have fewer ridership , more profit and an underserved community. What needs to happen to SOEs is they need to be professionalised. They need the best and brightest talent globally to operate them and make them world class institutions. This unlocks their potential, makes them profitable while serving the developmental mandate. There's no reason Denel cannot be like Lockheed Martin, or SAA better than Emirates airlines. The best pilots and engineers work for these corporations from all over the world. As he stated SA has an economic growth problem, this must be put into context now with the rapid rise in tech led industries of which I think SA is lagging behind but has a lot of potential. Digitise the economy, give universal access to high speed internet in rural and urban areas and make it priority number one and see how the economy will grow. Create micro chip plants and provide alternatives to Taiwan's TSMC and Nvidia and billions of dollars of investment will flow into the economy. We need to leap frog development stages since China is dominating manufacturing jobs. By the way we can't compete with China because SA has better labour law and protections. Good interview, I do think if Duma was actually in government and was faced with decisions to make he would realise that there are many dilemmas, that is ones that do not have an optimal outcomes but have trade offs and the choices are to choose the "less bad" decisions. Thanks Sizwe.

I’m so glad this isn’t twitter

Die geld is alles gesteel, where will it comes from for investment??

We don’t need to privatise functions like electricity, water etc. if the government is run like a professional entity. We have cadred deployment to these portfolios and CEOs appointed that doesn’t know the basics of a balance sheet or electricity. That’s why these organs are failing. The real structural reform that needs to happen is government functions and appointments as well as matching industries with skills (or lack there of) of the unemployed. It’s funny how decades ago, the ANC said we won’t follow the China model to provide cheap Labour to the world. Look at China now. Moved from a cheap Labour factory of the world to a country with high speed rail, big tech companies etc