Event date: 15 September 2016
On the 15th of September Dawie Roodt, Chief Economist at The Efficient Group, was invited to appear as speaker for the monthly event, sponsored by City & Guilds. Mr. Roodt – a well-known Economist in South Africa – addressed the assembly on the topic “The Economics of Demographics”.
Mr. Roodt started off by demonstrating how economics is all about people, and how the evolution of the human race shaped the economic world we know today. Statistic from various countries around the world were compared, looking at factors like age distribution, education and amount of dependents, and how these characteristics correlate with a nations’ present economic situation.
Indeed it was demonstrated how population demographics have a cyclical effect that can also serve as a fairly reliable predictor of future economic trends. Mr. Roodt’s final message stressed the need to educate and develop the young females of the Southern African population – this being the key driver for economic growth, and his presentation brilliantly brought to life what the demographics are indicating in South Africa.