logo
episode-header-image
May 2024
16m 17s

The Economy of South Africa

Economics Explained
About this episode
South Africa is an economy that is really important to understand as a kind of potential outcome case study of inequality gone bad. The nation itself, on paper at least is not so terrible, it is actually one of if not the wealthiest nation in all of Africa, trading back and forth quite frequently with Nigeria. Learn more about your ad choices. Visit megaphon ... Show More
Up next
Nov 17
The $400 Trillion Problem No One Wants to Talk About
The world’s pension promise is unraveling. In the 1950s, sixteen workers supported each retiree; today, that number has shrunk to just 2.7. This dramatic shift is straining pay-as-you-go pension systems to the breaking point. By 2050, one in six people will be over 65, yet politi ... Show More
17m 5s
Nov 12
The 2025 Nobel Prize in Economics: Explained
Discover what drives lasting prosperity. This year, the Nobel Prize in Economics was awarded to Mokyr, Aghion, and Howitt for demonstrating how technological innovation drove the surge in wealth during the Industrial Revolution. From steam engines to AI, learn why a lack of under ... Show More
18m 50s
Oct 11
Why Everyone is leaving New Zealand
Unveil the stunning secret of New Zealand—a paradise losing its young talent! 🌄 With just 5.3 million people, this remote gem boasts top-notch living, education, and healthcare, yet faces a brain drain to Australia (over 10% of Kiwis live there!). Why are skilled workers fleeing ... Show More
14m 23s
Recommended Episodes
May 2023
Business Daily Meets: Tony Elumelu
Nigeria's most well-known economist Tony Elumelu tells us why Africa needs to rethink it's relationship with business. He explains "Africapitalism", the idea that the private sector can transform Africa's economy and society for the better. He also discusses a number problems slo ... Show More
18m 48s
Sep 2021
Why is unemployment so high in South Africa?
South Africa’s unemployment rate has hit a record high: it’s now 34.4%, which means about 7.8 million people are currently without a job. Young South Africans - especially young graduates - have been hit the hardest. So, how did things get so out of hand? And is the pandemic sole ... Show More
12m 13s
Nov 2023
Common Sense Economics
How much will ignorance in economics cost you? As taxpayers and entrepreneurs, are you prioritizing your knowledge of the economy? In this episode, Howard Yaruss joins Tom Wheelwright in exploring how economics is the biggest impact on business, how financial common sense was los ... Show More
41m 36s
Aug 2019
EYL #29 Mama Africa
<p>In episode 29 we spoke with international business expert Fritz Charles about Africa. Fritz graduated from the top business school in the world (Wharton at UPenn), he worked as a trader for the infamous Wall Street investment bank Lehman Brothers when he was 22. After Lehman w ... Show More
49m 28s
May 2021
How bad is Africa’s debt problem?
European, American and African leaders, together with financial institutions, are looking for ways to help restart growth in Africa after the Covid health crisis. Described as the “New Deal” for African economies, leaders aim to find solutions to Africa’s international debt, whic ... Show More
16m 23s
May 2022
Africa in the grip of a fuel crisis
The fuel prices emergency is hitting households across the continent, from Egypt to Tanzania, Uganda to Nigeria and South Africa. The airline industry has also been affected. So what can governments do?Also, in Somalia, dozens of candidates have registered for the presidential ra ... Show More
26m 49s