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

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
Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.

What to expect from Malusi Gigaba’s Medium Term Budget Policy Statement

What to expect from Malusi Gigaba’s Medium Term Budget Policy Statement

The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.

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: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.

How we invented the modern concept of sleep

How we invented the modern concept of sleep

Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.