The Money Show

Peter Major, mining expert & director of mining at Modern Corporate Solutions and host Bruce Whitfield discuss Glencore also showing interest in acquiring Anglo American. He also discusses BHP chief executive meeting with SA mining ministry. On The Money Show Explainer, Deon Gouws ,chief investment officer at Credo and Bruce Whitfield discuss why Apple sales are falling almost everywhere. Then Thabo Makhetha-Kwinana, fashion designer and owner of the leading women’s wear label, which bears her name, was our Friday File guest. She spoke about her brand, which is globally recognised for using and taking inspiration from authentic Basotho blankets to create beautiful garments. See omnystudio.com/listener for privacy information.

The Federal Reserve held interest rates steady at a two-decade high of roughly 5.3% as it signalled that it will only cut until prices start to slow down. Kevin Lings, chief economist at Stanlib Asset Management explains what it means for the country and the SARB’s cutting cycle. Micheal Lawrence, executive director at National Clothing Retail Federation discusses the plan by the Western Cape clothing industry to re-establish local clothing manufacturing in order for the country to be able to compete with cheap imports. The plan involves creating new quick-response clothing factories around the province, this will also help ramp up employment. Chantal Marx, Head of Equity Research at FNB Wealth and Investments, joins host Bruce Whitfield to discuss the influence of political events on financial markets, especially with elections looming in South Africa and the United States. They explore market reactions to politics, global and local election dynamics, and opportunities arising from pre-election mispricings. See omnystudio.com/listener for privacy information.

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Concerns abound as industrial gas users express dissatisfaction with the proposed solutions outlined in the draft gas master plan, fearing a looming crisis in 2026. The plan's unrealistic timelines and absence of viable remedies have left stakeholders apprehensive about the future, with the looming threat of "day zero" when gas supply from Mozambique ceases. As pressure mounts, Jaco Human, CEO of the Industrial Gas Users Association of Southern Africa emphasises the need for swift and effective action in order to avert potential economic repercussions and job losses Business executives and financiers commemorate the legacy of Dr. Samuel Motsuenyane, regarded as the pioneer of Black entrepreneurship, following his passing at the age of 97. Motsuenyane, a founding member of the National African Federated Chamber of Commerce and Industry, was instrumental in establishing the African Bank. Warren Ingram, a personal finance expert and Co-Founder of Galileo Capital, joins host Bruce Whitfield to explore the timing and rationale behind engaging in the lottery and the growing popularity of sports betting. Despite the prevalent scepticism surrounding these activities, they delve into the underlying motivations that drive individuals to participate, considering the slim odds of winning in the lottery. See omnystudio.com/listener for privacy information.

Busisiwe (Busi) Mavuso, CEO of Business Leadership South Africa (BLSA), a business advocacy organisation, discusses with host Bruce Whitfield her confidence in the country's ability to achieve success in the next 30 years. What is the current assessment? Jan Vermeulen, Editor at MyBroadband, discusses with Bruce Whitfield the implications of Starlink discontinuing its unauthorised service in the country; and its impact on the democratisation of internet access in South Africa. Nick Rockey, CEO of Trialogue consultancy firm, a supporting sustainable corporate business practice, joined Bruce Whitfield to discuss how he makes his money. Rockey has over 20 years of consulting and research experience across many markets — he discusses how he ended up doing this job. See omnystudio.com/listener for privacy information.

Peter Major, a mining expert and the director of mining at Modern Corporate Solutions, joins host Bruce Whitfield to explore the subsequent actions in response to Anglo American's dismissal of BHP's deemed 'opportunistic' and 'unappealing' takeover proposal. Dr. Azar Jammine, the director and chief economist at Ecomometrix, shares insights on The Money Show's Explainer segment, delving into the factors driving BHP's decision to distance itself from South Africa. Coming from a systems engineering background and owning a wellness centre, Nurah Farzee embarked on a new venture with Imaan Luxury Organics. This decision stemmed from her realisation that the skincare products she offered at her wellness centre contained an excessive amount of chemicals, adversely affecting her clients' cellular health. Determined to provide a solution, she formulated her own skincare line, drawing upon her expertise in cellular health and understanding of cellular functionality. She details how her business came to be in our Friday File feature… See omnystudio.com/listener for privacy information.

Mining experts, along with host Bruce Whitfield, explore BHP's buyout proposal to Anglo American, highlighting its potential to reshape the copper market. They delve into the implications this move could have for the Johannesburg Stock Exchange. Bertina Engelbrecht , Clicks Group CEO tells host Bruce Whitfield that the retailer's half-year earnings rose by 13% on strong turnover and profit growth, driven primarily by the higher demand for beauty and personal care products. Professor Adrian Saville, who teaches Economics and Finance at GIBS, along with host Bruce Whitfield, explore Norway's achievement of establishing a wealth fund exceeding $290,000 for each citizen and discuss ways in which South Africa could replicate such prosperity for its populace. See omnystudio.com/listener for privacy information.

Jan Cronje, News24 & Network24 journalist, updates host Bruce Whitfield about Craig Warriner, investment manager behind the scandal-ridden BHI Trust and his plans to negotiate a plea deal with the state. Massmart, owned by Walmart, is testing small-format Makro stores of 3 000 square metres in a pilot project. The stores will be located in existing Game stores, at four sites in popular malls across SA. However, the company says this does not mean the end of Game. Evan Walker, portfolio manager at 36ONE Asset Management discusses their strategy. Anthony is CEO and co-founder of Simply, an insurtech startup aiming to disrupt the life insurance space in SA and beyond was our shapeshifter. The company uses technology, data and behavioural science to radically reduce the cost and complexity of life insurance. He joined Bruce Whitfield to speak about his career trajectory, from the time he was the CEO of Lightstone, a company he co-founded in 2006, which focused on mortgage risk management to where he is now. See omnystudio.com/listener for privacy information.

Dr. Iraj Abedian, CEO of Pan-African Investments and Research Services, and host Bruce Whitfield delve into the rationale behind a groundbreaking development in South Africa, where companies accused of corruption now have the opportunity to resolve their issues with law enforcement through alternative dispute resolution methods, thus avoiding criminal prosecution. Capitec saw shares soar 8% as it upped its dividend by nearly a fifth and reached a record 22 million active clients. With strategic diversification and digital initiatives, its earnings rose 16% to R10.58 billion for the year to end-February, which solidifies its position despite economic uncertainties. Gerrie Fourie, CEO at Capitec Bank analyses their results with Bruce Whitfield... Warren Ingram, financial advisor and executive director at Galileo Capital will explain why things such as disability insurance and medical aid are important as you’re building wealth and investing. See omnystudio.com/listener for privacy information.

Carol Paton, writer-at-large at Fin24, discusses with host Bruce Whitfield the uncommon decision by the court to intervene in Transnet's tender award process. Transnet had initially awarded a tender for crucial port equipment to a company facing trial for defrauding the provincial government. Matete Thulare, head of FX Execution at RMB, joins host Bruce Whitfield to discuss the factors behind the rand's resurgence above the R19 mark against the dollar. Carol Claudwell, sculptor is at her happiest when she has clay in her hands. She joined Bruce Whitfiled to talk about her artistic journey. She was inspired by her father’s love for art, which led her to join the Johannesburg school of Art, Ballet, Drama and Music, first specialising in music and then changing over to art. She details how her love for art allows her to have a livelihood. See omnystudio.com/listener for privacy information.

Following the May 29th vote, the ANC's top brass faces scrutiny as a variety of polls outline differing futures for South Africa. Daniel Silke, director at Political Futures Consultancy says with the ANC hovering near 50%, concerns mount over a potential shift in the nation's political dynamics, jeopardizing decades of governance and stability since 1994. Rudi Dicks, head of project management at the Office at Presidency updates, host Bruce Whitfield on the government’s plan to grow the economy by between 3% to 5% economic growth and generate 2.5 million jobs by 2030. Oshe Automotive, nestled in England's Motorsport Valley, epitomises bespoke automotive artistry. Founded by South African enthusiast David Lane, it's a haven for meticulously crafted vehicles, from reimagined Porsche 911s to safari-ready Land Rover Defenders. Lane, as our Friday File guest says his journey reflects a lifelong love of motoring, from a bike shop owner to purveyor of luxury vehicles. See omnystudio.com/listener for privacy information.

A Labour Market Intelligence study shows the Western Cape consistently exceeds national job demand, crucial for South Africa's growth. Despite Covid-19 challenges, the province's job market, especially in finance, construction, and agriculture, rebounds. Also, the study notes widespread education-job mismatches nationwide, with over half of workers over/underqualified. Prof Hardus van Zyl details how the province was able to be this successful. Andrew Woodburn, managing director at Amrop WoodburnMann discuss Tesla’s historic $56 billion pay package for CEO Elon Musk, the largest in corporate American history, subject to shareholder approval. Despite a previous rejection by a US judge, the company seeks to revisit the record-breaking deal set in 2018. In an interview with Bruce, they explore the implications and controversies surrounding this extraordinary compensation proposal. As the financial landscape in South Africa evolves, hedge funds emerge as both a beacon of opportunity and a subject of scrutiny. Delve into the intricacies of this investment vehicle, examining its role in the market, regulatory challenges, and the potential for growth amidst economic shifts. See omnystudio.com/listener for privacy information.

Inflation drops to 5.3% from February's 5.6%, surprising some economists; Cloud seeding and the massive weather system that has brought chaos in Dubai Daan Steenkamp, CEO at Codera Analytics, suggests South Africa may require updated inflation measures and models. Inflation fell to 5.3% from 5.6% in February, surprising economists. This prompts a debate on the adequacy of current frameworks for understanding and predicting inflation. Lehlohonolo Thobela, a meteorologist from the SA Weather Service, joins host Bruce Whitfield to discuss cloud seeding and the severe weather system causing chaos in Dubai. Mike Brown, the departing CEO of Nedbank Group, converses with Bruce Whitfield about his distinguished journey, spanning from his tenure as a financial director to leading as CEO of Nedbank for 15 years See omnystudio.com/listener for privacy information.

Isaah Mhlanga, chief economist at RMB, and host Bruce Whitfield discuss why the two world’s largest economies are performing better than anticipated. Given recent instances of high-profile individuals falsifying their qualifications, concerns have arisen regarding the efficacy of companies' verification procedures in the country. In response, Privy Seal has developed a streamlined process for employers, educational institutions, professional bodies, and regulatory authorities to thoroughly vet prospective employees. Stephen Logan, CEO of PrivySeal Verified CV sheds light on this initiative and its significance in safeguarding against credential fraud. Warren Ingram, the co-founder of Galileo Capital and personal financial advisor, shares his insights on prioritising savings when your income doesn't allow for setting aside money for retirement or short-term goals. See omnystudio.com/listener for privacy information.

Duncan McLeod, the founder and editor of Techcentral, joins host Bruce Whitfield to examine the interim relief granted to eMedia by the Competition Tribunal in its dispute with MultiChoice regarding sublicensed sports on Openview. The Constitutional Court's pivotal ruling in favour of Capitec Bank on VAT recovery from irrecoverable loans clarifies the VAT act's interpretation, providing banking sector certainty. This decision's implications will ripple through tax authorities and vendors as they adapt to the court's principles. Charles De Wet, Tax Executive at ENSAfrica explains the nuances… Watch enthusiast Adriaan Rootman, talks about his love for timepieces and how he makes a living from selling them. Rootman’s fascination with watches began as a child witnessing how his father treated his own wristwatch. He details how he was able to turn his passion into a business… See omnystudio.com/listener for privacy information.

Lumkile Mondi, Senior Lecturer at Wits Business School, and Stavros Nicolaou, Member of the SA BRICS Business Council, joins host Motheo Khoaripe to delve into the topic of US lawmakers' efforts to extend the African Growth and Opportunity Act (AGOA), a trade pact with Africa, until 2041. Daniel Morgan, analyst at Ninety-ONE discusses the combination of an energy transition, along with nearshoring, geopolitics, demographics, technology and public investment that is driving a global capex cycle in our Money Show Explainer. In our Friday File, car expert Warren Tucker delved into the question of whether purchasing a pre-owned luxury car is a worthwhile investment, given the associated maintenance costs. See omnystudio.com/listener for privacy information.

Peter Major, a mining expert and the director of mining at Modern Corporate Solutions, along with Mothe Khoaripe, explores the potential job cuts at Sibanye as part of its gold operations restructuring. The mining company has already reduced its workforce by approximately 2,000 positions in its PGM operations following a significant decline in metal prices last year. Wayne Duvenage , CEO at Organisation Undoing Tax Abuse (Outa) explains to Motheo Khoaripe what the scrapping of e-tolls means to the businesses that have been paying for them Viv Govender, portfolio manager at Rand Swiss looked at navigating dodgy investments as our headteacher of our investment school. Govender looked at recognizing pitfalls and safeguarding your finances and explained how to avoid common traps with these essential insights See omnystudio.com/listener for privacy information.

George Glynos, head of Research at ETM Analytics on Lesetja Kganyago, governor of the South African Reserve Bank (SARB), reiterating his stance on lowering the country’s inflation target, stressing its importance in preserving purchasing power. The SARB, under his leadership, is actively pursuing measures to achieve this goal, emphasising the need for sustainable inflation within the target range of 3% to 6% Carol Paton, editor at large at Business 24 on why Gauteng residents should brace themselves for prolonged water shortages as delays plague the Lesotho Highlands Water Project Phase 2, pushing the timeline for relief to 2029. Political interference and governance issues exacerbate the crisis, leaving millions vulnerable to periodic outages. Debbie Goodman, CEO of Jack Hammer, chats with host Motheo Khoaripe about her career journey and life philosophy. She also Jack Hammer Global highlights the shift toward hybrid and fractional work models. Fractional leaders, working part-time within organisations, seamlessly integrate into leadership teams without full-time costs. See omnystudio.com/listener for privacy information.

Ann Bernstein, CDE Executive Director, and host Motheo Khoaripe critique the ruling party's election promise of 3.5 million "work opportunities," revealing it would only generate 300,000 low-wage jobs over five years, indicating a lack of ambition in addressing unemployment. Lolo Ndlovu, CEO & founder of The Sneaker Shack, engages in an enlightening conversation with host Motheo Khoaripe, wherein he elaborates on the exciting business collaboration he's forged with Virgin Active - national fitness gyms. Warren Ingram, co-founder of Galileo Capital and personal financial advisor explains why it is a mistake for investors to think that they should reduce the risk of their investments as they approach retirement. See omnystudio.com/listener for privacy information.

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