South Africa's Gordhan Asks for No More Shocks From Fed

The video discusses the demographics and economic conditions of Durban, highlighting the Indian community's growth and income disparities among different racial groups. It then shifts to global economic policies, focusing on Janet Yellen's role and the impact of Fed policies on emerging markets. Finally, it examines the effects of currency depreciation on South Africa's economy, noting benefits to manufacturing and tourism but also challenges due to reliance on imports.

What percentage of the population in Durban's province is constituted by the Indian community?

• 20%

• 15%

• 5%

• 11-12%

Which community in Durban has the highest household income?

• Indian community

• Mixed community

• African community

• White community

What is one of the challenges faced by the Federal Reserve before Janet Yellen's tenure?

• Increasing interest rates

• Balancing the budget

• Communicating policy changes

• Managing inflation

How does currency depreciation benefit South Africa's economy?

• Decreases fuel prices

• Reduces manufacturing output

• Boosts tourism

• Increases import costs

What is a potential downside of relying heavily on exports in South Africa?

• Higher import costs

• Increased tourism

• Lower manufacturing costs

• Stable currency value