Greek lessons South Africa must learn well to avoid the same tragedy

Also read the following related article:

* Author of “When Money Destroys Nations” cautions SA to heed Greece’s warning

There are a number of lessons South Africa needs to learn from the tragedy unfolding in Greece.

We interviewed Dr. Co-Pierre Georg, Senior Lecturer at the African Institute for Financial Markets and Risk Management (AIFMRM) at the University of Cape Town.

Scroll down to listen to the audio.

Excessive debt is a bad idea for governments and individuals.

Dr. Co-Pierre Georg

Today’s debt is tomorrow’s taxes.

Dr. Co-Pierre Georg

It’s a problem when the state is too closely linked to the banking sector.

Dr. Co-Pierre Georg

This article first appeared on 702 : Greek lessons South Africa must learn well to avoid the same tragedy


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Like KFC? Of course you do! Meet Doug Smart, its Managing Director in Africa

Like KFC? Of course you do! Meet Doug Smart, its Managing Director in Africa

Bruce Whitfield interviews Smart who, at the age of 52, is retiring, and looking forward to a more “purposeful” second life.

Biohacking - an industry for creating a new, DIY you

Biohacking - an industry for creating a new, DIY you

So much about our lives has changed in the last 300 years but, as a species, we have not evolved.

Author of 'When Money Destroys Nations' cautions SA to heed Greece’s warning

Author of 'When Money Destroys Nations' cautions SA to heed Greece’s warning

In Greece poor economic data and noise, eventually, turned into reality. What are the "red flags" SA should look out for?

If Greece was African it would be the continent’s richest BY FAR

If Greece was African it would be the continent’s richest BY FAR

Greece will still be a very rich country, compared to almost all those in Africa, even if its new currency plummets by 50%.

If Greece was a man; this is how he would sound. We interview Mr Greece...

If Greece was a man; this is how he would sound. We interview Mr Greece...

Imagine Greece was a person. Now check out this interview of Mr. Greece on The Money Show. It's funny and informative.

Should Greece and the European Union part ways?

Should Greece and the European Union part ways?

ETM Director George Glynos on whether or not Greece and the European Union should divorce.

Popular articles
[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

The chilling call Henri van Breda made to emergency services on the night his mother, father and big brother were hacked to death.

Everything you know about success is (mostly) wrong

Everything you know about success is (mostly) wrong

Allon Raiz on “Barking up the Wrong Tree: The Surprising Science behind Why Everything You Know about Success Is (Mostly) Wrong”.

CT's desalinated water may have long-term health risks, scientists warn

CT's desalinated water may have long-term health risks, scientists warn

Desalination is not a risk-free solution to the water crisis and could have health implications, local experts have argued.

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.

How does El Nino affect Western Cape province?

How does El Nino affect Western Cape province?

Professor William Landman explains what El Nino is and its effects on the coming seasons in the Western Cape.

Is Shakespeare still relevant to SA's school curriculum?

Is Shakespeare still relevant to SA's school curriculum?

How relevant is Shakespeare in SA's English literature which is written in a manner that no one speaks today?

3 reasons for the petrol price hike (and why it will hurt more than you think)

3 reasons for the petrol price hike (and why it will hurt more than you think)

Economist Dawie Roodt says that the petrol price hike is going to boost the cycle of inflation and force interest rates up.