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Stephen Grootes speaks to Statistician-General Risenga Maluleka to address concerns in Latest Census Report: Unpacking Key Findings and Implications for South Africa's Economic and Social Future I n other interviews in this episode of The Money Show, Inga Gubeka, founder of Inga Africa, talks about his luxurious handcrafted bags and his inspiring j…
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Stephen Grootes speaks to Khulekani Mathe, CEO designate of Business Unity South Africa (BUSA) to discuss the private sector's concerns regarding NHI and emphasizes the need for immediate engagement with the government to address the healthcare crisis. In other interviews in this episode of The Money Show, Elize Kruger, Independent Economist, helps…
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Stephen Grootes speaks to Val Nichas, CEO of Spur Corporation, about the company's 11.4% annual earnings increase and strategic growth initiatives driving success across Panarottis, RocoMamas, and Doppio Zero. In other interviews in this episode of The Money Show, Stephen Grootes speaks to George Mienie, CEO at Autotrader, about his remarkable care…
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Stephen Grootes speaks to Simon Baloyi, CEO of SASOL, to dissect the company's financial performance, notably a staggering R56.7 billion impairment loss, and explores SASOL's revamped strategy aimed at bolstering its gas sector and restoring profitability. See omnystudio.com/listener for privacy information.…
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Stephen Grootes engages in a insightful conversation with Deon Raju, Financial Director at Absa Group, and Hlelo Giyose, Chief Investment Officer at First Avenue Investment Management, to unpack Absa's unexpected decision to oust its CEO. See omnystudio.com/listener for privacy information.By Radio 702
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Stephen Grootes speaks to Mesela Nhlapo, CEO of the African Rail Industry Association, to discuss the groundbreaking move allowing private rail operators to access the network by October, set to revolutionize South Africa's rail industry and significantly enhance transportation efficiency. See omnystudio.com/listener for privacy information.…
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Watching the markets, Stephen Grootes speaks to Standard Bank Group CEO Sim Tshabalala diving into the bank's half-year results, discussing highlights, challenges, and future outlook. Exxaro CEO Dr. Nombasa Tsengwa shares strategies for navigating interim results and driving future growth.And in other news, Mark Barnes, Purple Group CEO and former …
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Stephen Grootes engages in a crucial conversation with Khulekani Mathe, CEO designate of Business Unity South Africa (BUSA), to delve into the complexities surrounding the Presidential Health Compact. They discuss the challenges ahead and the high stakes for South Africa's healthcare system, exploring the implications for businesses, citizens, and …
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Stephen Grootes speaks to Dr. Iraj Abedian, CEO of Pan-African Investments and Research Services to discuss the critical relationship between business lobby groups and government, and its impact on South Africa's economic prospects. Financial ripple effects of City of Joburg’s leadership instability - Stephen Grootes speaks to Kagiso 'TK' Pooe, Wit…
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Stephen Grootes speaks to Busisiwe Mavuso, CEO of Business Leadership South Africa & Ntando Thukwana from Bloomberg to analyse President Ramaphosa's recent address to the South Africa's business community. In other interviews on tonight's show, Stephen looks at how municipalities struggle to pay staff, and whether the subscription economy has gotte…
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Stephen Grootes speaks to Etienne Vlok, Sactwu National Industrial Policy Officer about tax authorities' newly introduced measures aimed at low-cost e-commerce clothing importers like Shein & Temu. In an interview with Hywel George, Director of Investments at Old Mutual Investment Group, Stephen Grootes explores the possibility of an impending rece…
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Stephen Grootes talks with analyst and shareholder activist Dave Woollan about Tongaat Hulett's shareholders' rejection of a plan to convert the company's debt into equity, which would have drastically reduced their ownership stake. Hilary Joffe, columnist and editor-at-large at Business Day with Stephen Grootes discuss how South Africa's banking r…
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This evening on the money show, Consumer Goods & Services Ombudsman Mr. Lee Soobrathi, speak about how South African consumer law is out of date and falls short in addressing modern e-commerce issues, especially when it comes to policing and monitoring foreign sellers. Paul Makube, Senior Agricultural Economist at FNB explained the implications of …
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This evening on The Money Show, host Stephen Grootes and CIO Zwelakhe Mnguni of Benguela Global Fund Managers talk about Sasfin's shocking R160 million net penalties for 'historic noncompliance' with the Prudential Authority. Jan Vermeulen, Editor at MyBroadband and Stephen Grootes explore the problem of SARS not having imposed 45% tariffs on compa…
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This evening on The Money Show, Former SARB Governor and Former Finance Minister Tito Mboweni speaks to host Stephen Grootes about the financial state of the country, politics and the state of the GNU. Isaah Mahlanga, Chief Economist at RMB explains how the inflation measure will support monetary policy decision making. And more… See omnystudio.com…
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This evening on the money show, Amabhugane Investigator Sam Sole talks about the challenges the Tongaat sector is facing & Lumkile Mondi, a senior lecturer at Wits Business School, explains why state-owned utility Eskom was hit with a suspended R3 million punishment and public censure by the Johannesburg Stock Exchange for not adhering to its debt …
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Tonight, on the Money Show Wayne Duvenage, CEO of OUTA looks at the water tanker mafia putting strain across the Tswhane metro. Micheal Lawrence, Executive Director at National Clothing Retail Federation, joined by Dudley Filippa, Chairperson at South African International E-commerce Association and Motheo Khoaripe, discuss the implications of SARS…
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Concerns raised as suspension of certain flight approaches at some smaller airports in SA Guy Lietch, Editor of SA Flyer Magazine speaks to Motheo Khoaripe on the growing questions being raised by industry insiders regarding the ability of the SA Air Traffic Navigation Service to maintain the hardware and procedural infrastructure in its care, foll…
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Sello Mosai, Chairmanat HDI Automotive Aftermarket Association Forum speaks to Motheo Khoaripe about why he thinks 162 000 job losses currently experienced in the South African automotive industry due to the RT46 tender administered by Wesbank. It's official: South African companies are now required to disclose pay gaps, and there will be a crackdo…
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The escalating affordability "crisis" will be addressed by the electricity pricing policy.A "crisis" in affordability that is threatening the access to energy for a growing proportion of poor users will be addressed by a review of South Africa's electricity pricing policy. With the help of understanding the purpose of the policy, Energy Expert Chri…
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Lawyers and Estate Agents Accused of "Wilful Non-Compliance" by Financial Intelligence CentreHost Motheo Khoaripe and Ismail Momoniat, National Treasury DDG explore the obstacles preventing SA from being removed from the grey list and whether he is still hopeful that South Africa would be able to meet the 10-month deadline for providing the Financi…
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Market Commentary Chris Steward, Portfolio Manager at Ninety-One and Mothe Khoaripe analyse top business and company stories of the day, as well as international and local markets. Inclusive transformation in SA - business's expectations from the new administration, SONA and the job to be done by this administrationMfundo Nkuhlu, Nedbank Group COO,…
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What Gives? Diamonds in South Africa are losing their sparkle? Peter Major, Director of Mining at Morden Corporate Solutions, and Motheo Khoaripe examine the factors that still hinder the diamond industry in South Africa. Can an Advisory Committee drive infrastructure development in the country? To further advance the nation's infrastructure develo…
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The tax agency's ability to pursue taxpayers with intricate tax planning structures using evidence obtained behind closed doors has been confirmed by the Supreme Court of Appeal's following its decision to dismiss Christo Wiese and his associates' appeal in their R217 million tax dispute with the SA Revenue Service (Sars).Pieter Faber, senior tax e…
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The nuclear regulator for South Africa, NNR, has announced that one of the plant's two units may continue to operate for an additional 20 years at the Koeberg nuclear power station. Unit 1 of the plant, west of Cape Town was set to have its 40-year operating license expire this month, but state-owned power company Eskom requested a 20-year extensio…
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In South Africa, the illicit tobacco trade has actually grown to be a serious problem. Because of the growing illegal trade, British American Tobacco (BATSA) has had to reduce the amount of products it distributes and delivers directly to consumers. This has resulted in a decline in sales volumes. It is estimated that over 70% of all cigarettes con…
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The SA Municipal Workers' Union (Samwu) has reached a one-year pay deal for a 7% raise for workers in the water industry represented in the Amanzi Bargaining Council. The growth rate surpasses the inflation rate of 5.2% observed in April and May. The largest municipal union, Samwu, which represents more than 160,000 of the almost 300,000 municipal …
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A man who played a key role in the R1.9 billion loss at VBS Mutual Bank pled guilty to charges of money laundering, theft, fraud, and racketeering. As part of a plea and sentencing agreement with the State, former VBS head Tshifhiwa Matodzi pleaded guilty to 33 charges on Wednesday in the Gauteng High Court in Pretoria. He received a 15-year prison…
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Black frost destroyed crops in South Africa's northernmost province, Limpopo, leading a significant farmers' organization to issue a warning about looming food shortages in the region. Potatoes, tomatoes, and a host of other vegetables were damaged when black frost struck the province early on Sunday. To help us understand how much damage has been …
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According to the Financial Times, South Africa's state-owned electricity company Eskom may have reported an annual loss of up to R15 billion in the most recent year. Professor Harald Winkler discusses this possibility with host Motheo Khoaripe. Karl Westvig will take over as TymeBank's CEO on October 1. The SME-focused lender Retail Capital, which …
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Joining host Ray White to talk about Bank of America's prediction that South Africa's GDP may increase by 2% provided Eskom continues to make progress and maintain a steady power supply is Siobhan Redford, economist at RMB. Redford emphasizes the significance of dependable electricity for economic growth. Four of the six companies that the US added…
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Insiders allege that global megacorporation are abandoning South Africa's massive gas discoveries due to unhappiness with its administration. There is rising speculation that TotalEnergies will withdraw from its offshore gas finds in South Africa. The project's major partner, the Canadian business CNR International, has already stated its desire to…
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Bidvest offers to sell its bank. Old Mutual gears up for a new bank. How the banking sector in SA is changing Old Mutual's plan to rename its new lender OM Bank—which completed building its digital platform and infrastructure at the end of last year—and Bidvest Group's intention to find a buyer for its banking asset before the end of 2024 Kokkie Ko…
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Standard Bank's major breach issues Customers who believed their bank accounts had been compromised filed many complaints on the Standard Bank X handle (@StandardBankZA) on Tuesday morning. Many of them said that they were unable to restrict their cards or accounts due to the lengthy wait in the bank's contact center queue. In an interview with hos…
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The CEO of Business Unity SA, Cas Coovadia, the chancellor of the University of the Free State and a former president of Business Unity South Africa, and managing director of Krutham, Peter Attard Montalto, discuss the recently announced cabinet and the Government of National Unity (GNU) with host Ray White. JSE lists Rainbow Chicken Rainbow Chicke…
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• Controversies about cabinet posts threaten GNU. What comes next in SA? Independent political analyst Khaya Sithole and senior lecturer Lumkile Mondi of Wits Business School give more background on the reforms in a conversation with broadcaster Ray White. The case of the wobbly GNU and wobbly currency • The host, Ray White, discusses South Africa'…
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• Presenter Bruce Whitfield moderates a conversation about "ONE THING" with Dr. Imtiaaz Sooliman, founder of Gift of the Givers; Alan Knott-Craig Jr., former CEO of iBurst and Mxit and current chairman at Isizwe.com; and Judy Dlamini, Chancellor of the University of the Witwatersrand and founding chairman of Mbekani Group. This one thing might fund…
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• Bruce Whitfield, the host, speaks with Governor Lesetja Kganyago of the South African Reserve Bank on the "one thing" he thinks can hasten the country's economic development. • Host Bruce Whitfield and Katlego Maphai, CEO of Yoco, explore the "one thing" that could further strengthen South Africa's start-up and small business sectors. • Adrian Go…
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• The hosts, Bruce Whitfield, Maya Fischer-French, Personal Finance Journalist at Maya on Money, Gugu Sidaki, Director and Wealth Manager at Wealth Creed, and Warren Ingram, Co-Founder of Galileo Capital, discuss their 'one-thing' that can improve a household's personal finances. • In an interview with Bruce Whitfield, Dr. Frank Magwegwe, Head of F…
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Ervin Tu, interim CEO of Naspers & Prosus takes Bruce Whitfield through the company’s financial results and also discusses management changes of the group as it welcomes a new chief executive. Futurologist and Independent Scenario Planner Clem Sunter and Co-Founder at Retroviral Mike Sharman speak to Host Bruce Whitfield about one thing they would …
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Energy expert Matthew Cruise speaks to Africa Melane about The City of Johannesburg (COJ) and City Power have been ordered by the Johannesburg high court to settle their overdue debt with Eskom; the utility has stated that it wants the money paid immediately. Host Africa Melane speaks to Carlos Crain, Global Brand Ambassador for Volcan De Mi Tierra…
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