This gist shows how to create a GIF screencast using only free OS X tools: QuickTime, ffmpeg, and gifsicle.
To capture the video (filesize: 19MB), using the free "QuickTime Player" application:
Install ImageMagick for image conversion:
brew install imagemagick
Install tesseract for OCR:
brew install tesseract --all-languages
Or install without --all-languages
and install them manually as needed.