PODCAST: How South Africa fits into the global economy

Welcome to episode 3 and the first part of the conversation with our guest. Our editor-in-chief Ron Derby, alongside our business journalists Anathi Madubela and Sarah Smit is in conversation with our guest Michael Power, a strategist at NinetyOne asset management. 

We find out why Power says that Asia will be the centre of global economic gravity at the end of the decade and where America fits into this. 

Why did South Africa, when it launched itself on the world in the mid-1990s, choose to follow Western macroeconomic consensus? 

We’ve seen an uptake in Modern Monetary Theory, which our guest refers to as ‘a corrupted version of Keynesianism’, in recent years. We explore why that is, while also looking at South Africa’s unemployment crisis and its seriousness in the context of the world and in history. 

What is stopping South Africa’s economy from growing like other emerging markets? Could it be because the thinking among policymakers and economists, about how to fix South Africa’s economy is too limited? 

Join us again next week for part two with Michael Power. Don’t forget to leave us a thumbs-up when you have finished listening. 

Business Casual is a not-so-typical business podcast. The Mail & Guardian’s journalists and guests talk about everything from the South African economy and its place in the global economy, the growing sneaker flipping industry and influencer economy, and personal finance.

We also get to hear from the young people at the Mail & Guardian about what’s really like to be a young person in South Africa. We discuss business, casually. Business is not that complicated, it is all about relationships and getting people to ‘calm down’. The terminology might be scary, but the business is not and through these discussions, we want you to know how the conversations should go and why they should be more relaxed. 

You’ll find previous episodes here.

Make sense of your world

Subscribe to Mail & Guardian at R10/mth for the first three months. Cancel anytime.

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.

M&G Listen
M&G Listen is the official podcast channel of the Mail & Guardian. Audio for a better South Africa.

Related stories


Already a subscriber? Sign in here


Latest stories

Just three car models make up nearly 50% of SA...

‘Toyota Quantum and HiAce vehicles are on road on a semi-full-time basis and travel more kilometres vs other models and would, thus, be exposed to more on-road conflict situations,’ the report reads

Load-shedding on the cards as Eskom prioritises maintenance

Eskom chief operating officer Jan Oberholzer says the utility will continue with planned maintenance, even at the risk of load-shedding

Reserve Bank lifts rates again as high inflation takes its...

The monetary policy committee has voted to lift the repo rate by another 25 basis points as advanced economies mull policy tightening

Counting the costs of childbirth in young girls

Among other psychosocial concerns, pre-teen and teenage births contribute to poor mother and child nutrition results

press releases

Loading latest Press Releases…