Dawie Roodt: Your Money, Their Rules

Talking Success | The Home of Fintech

In this episode, we sit down with Dawie Roodt, an Award Winning Economist and Chairman at the Efficient Group.
This is a deep dive into the South African economy and the future of money in Africa.
The Power of Sentiments:

• Economics and Human Nature: Dawie emphasizes that economics is fundamentally about people, not just numbers and formulas.
• Alternative Measurements: While traditional economic indicators like per capita income are commonly used, Dawie suggests focusing on metrics like life expectancy, which correlates strongly with overall well-being.

Market Sentiments and Confidence:

• Confidence in Central Banks: Dawie discusses how trust in central banks and their leaders can significantly impact economic decisions.
• Lack of Confidence in Government: When people lack faith in their government, they hesitate to invest, hindering economic growth.
• Greed and Fear: Emotions like greed and fear in financial markets play a role in the economy. These emotions can lead to market bubbles and crashes, highlighting the need for economists to analyze and manage such sentiments.

Cryptocurrency and Changing Finance:

• Central Bank Digital Currencies: Dawie discusses the emergence of central bank digital currencies (CBDCs) and their programmable nature. CBDCs could be used for various purposes, including controlling spending and ensuring tax compliance.
• Decentralized Finance (DeFi): The clip explores the concept of DeFi and how it operates outside the control of central banks. It raises questions about whether DeFi will coexist peacefully with traditional financial systems or face regulatory challenges.

Episode Highlights
💹 Economics and Human Nature
💰 Greed and Fear
🎉 The Excitement Around Blockchain Technology
📐 Alternative Measurements
fintech, payments, fintechs, darren franks, talentinthecloud, fintech south africa, fintech africa, titc, titc.io, what is fintech, fintech jobs, fintech explained, how payments work, future of banking, future of finance, future of payments, fin tech, fintech 101, top fintech companies, best fintechs africa, b2b fintech, fintech companies, fintech industry, economy, economist, Dawie Roodt, Award winner, CBDCSouth Africa

Dawie Roodt's Website: https://www.dawieroodt.co.za/
Darren Franks' Linkedin: https://www.linkedin.com/in/darrenfranks/
Titc.io's Website: https://titc.io/

Everyday AI: Your guide to not only learning AI, but how to leverage it in business
Can't keep up with AI? We've got you. Everyday AI helps you keep up and get ahead.

Listen on: Apple Podcasts Spotify

David C Barnett Small Business and Deal Making M&A SMB
I discuss buying, selling, financing and managing small and medium sized businesses...
Listen on: Apple Podcasts Spotify