The economic cost of sustained high oil prices & foreign buyers surge as young buyers fade

Stephen Grootes speaks to Kevin Lings, Chief Economist at Stanlib, about the economic consequences of a prolonged period of elevated oil prices. Renewed tensions in the Middle East have reignited concerns that fuel-importing economies, particularly across Africa, may be forced to keep interest rates higher for longer as inflationary pressures persist. In other interviews, Hayley Ivins-Downes, Managing Executive for Real Estate at Lightstone Property talks about new data showing that foreign buyers snapped up an estimated R153 billion worth of residential property in Cape Town over the past decade, highlighting the growing influence of international demand in the city’s luxury housing market, while another concerning trend shows that the number of young South Africans buying homes has fallen sharply from 108,000 in 2005 to just 45,000 today. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show    Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk   For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe   Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc   The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.