The Money Show

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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Hilary Joffe, columnist and editor-at-large at Business Day discusses the recent data from Sars and Stats SA offering insights into emigration, spotlighting a growing diaspora of over 900,000 individuals with Motheo Khoaripe. While illuminating, the findings underscore the complexities of migration dynamics and the departure of skilled professionals, prompting critical economic and policy consideration Professor Adrian Saville, Economics and Finance at GIBS, and host Motheo Khoaripe explore China's economic challenges, questioning whether they will disappoint its people and anger the world. This marks China's most significant economic test since Deng Xiaoping's reforms. Despite achieving 5% growth last year, key elements of its economic success are faltering, including a shrinking workforce, a property market crash, and the breakdown of global trade. President Xi Jinping's response involves doubling down on efforts to overhaul China's economy. Kojo Bafoe, an author and aficionado of cigars, along with host Motheo Khoaripe, review the Aganorsa Leaf Cigar. The unique taste of this brand originates from the Nicaraguan Cuban-seed Corojo 99. Aganorsa Leaf cigars are celebrated for their rich and complex flavour profiles, making them a favourite among cigar enthusiasts worldwide. The brand's commitment to using premium ingredients and traditional technique See omnystudio.com/listener for privacy information.

Peter Major, an esteemed mining expert and director of mining at Modern Corporate Solutions, joins host Motheo Khoaripe in exploring the recent development of Harmony Gold signing a five-year wage deal with trade unions. They delve into the implications this agreement holds for the South African mining sector. Anton Ressel, strategic head for SME Support at Fetola looks at why financial backing is not the sole important requirement for jumpstarting a business. He says this is because money alone cannot remedy fundamental flaws within a business model. Chantal Marx, Head of Equity Research at FNB Wealth and Investments, teams up with host Motheo Khoaripe to delve into the nuances of commodities investment. The discussion centres on the contrasting approaches of investing in mining companies versus opting for direct exposure through ETFs. They analyse the potential benefits and risks associated with each strategy. See omnystudio.com/listener for privacy information.

Mpumelelo Mkhabela, independent political analyst on Nosiviwe Mapisa-Nqakula stepping down as National Assembly Speaker amid graft allegations, citing a commitment to preserving the integrity of South Africa's parliamentary system. Prof Raymond Parsons economist at NWU Business School on South Africa's policy uncertainty index deteriorating further into negative territory during the first quarter. The uncertainty is due to the dynamics and outcomes of the upcoming 2024 election next month, which has begun to exert pressure on investor confidence and financial markets. Amiene van der Merwe, founder & managing director at The Green Cab discusses empowering women through electric mobility, combating gender-based violence and inequality as our shapeshifter. Van der Merwe, says the company aims to revolutionise the e-hailing sector, offering economic independence and entrepreneurship opportunities for women. As the company accelerates its fleet overhaul, it champions a future where women navigate the streets with confidence. See omnystudio.com/listener for privacy information.

SARS' compliance efforts led to record revenue of R2.155 trillion despite economic challenges. The Compliance Programme contributed R293.7 billion, with successful litigation and a broadened tax base. Commissioner Edward Kieswetter emphasised to Bruce Whitfield that partnerships and technology is key to its success. Ndia Magadagela, CEO and co-founder at Everlectric, joins host Bruce Whitfield to discuss the transformative impact of the IKEA Foundation's $100 million grant on the emerging electric vehicle (EV) market. Warren Ingram, a personal finance authority and co-founder of Galileo Capital, along with Bruce Whitfield, delve into a crucial aspect of investing: managing losses. They highlight that mastering the art of handling losses is pivotal for becoming a successful investor. Renowned figure in Behavioral Finance, Daniel Kahneman, passed away in March, leaving behind a legacy that emphasised the concept of loss aversion. See omnystudio.com/listener for privacy information.

Deon Gouws, chief investment officer at Credo and Ian Mann, regular book reviewer and MD at Gateways Business Consultants pay tribute to renowned psychologist and Nobel prize winner, Daniel Kahne man, who died at the age of 90. Daniel Kahneman was an Israeli-American author, psychologist and economist notable for his work on hedonic psychology, psychology of judgement and decision-making. He is also known for his work in behavioural economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences Michael Fridjhon, international wine expert at Wine Wizard discusses the veil of silence sustaining unfair wine markups instead of market forces dictating with Bruce Whitfield. Fridjhon discussed how liquor is subsidising food, which is a practice that became even more normal during the lockdown. Bruce Whitfield spoke to David Shapiro, veteran stockbroker and chief global equity strategist at Sasfin, on using bonds and strategies in order to boost your investment strategies. See omnystudio.com/listener for privacy information.

Iain Williamson, chief executive of Old Mutual and Bruce Whitfield delve into the group’s annual results. Old Mutual declared a final dividend of 49 cents a share after tax profit attributable to shareholders rose 35% to R7.07 billion. As expected, interest rates were left unchanged for the fifth consecutive Monetary Policy Committee (MPC) meeting. Isaah Mhlanga, Head of Markets Research at RMB and Bruce Whitfield discuss the implications of this decision on the economy and households. Shaun Fuchs, CEO and founder at Centennial Schools shares his career journey, work philosophy and his vision for revolutionising education in SA. See omnystudio.com/listener for privacy information.

Stephen van Coller, the outgoing CEof EOH and Bruce Whitfield delve into the half-year results - the group's revenue declined to R3.1 billion from R3.2 billion during the same period in 2023. EOH has been under Van Coller’s guidance as it worked to repair and restructure its operations following damaging corruption scandals related to public sector contracts. Bruce Whitfield chats to Casey Sprake, investment analyst at Anchor Capita on cocoa prices surging past $9,000 per ton amid a supply crisis. Ghana's funding challenges worsen as cocoa crops falter. Prices jump 60% due to West African weather and disease. Concerns rise over chocolate costs, with easter treats affected. Despite speculators withdrawing, prices continue to climb, threatening further hikes. Warren Ingram, co-founder of Galileo Capital and Bruce Whitfield explore the impact on your financial strategy when faced with unforeseen challenges. Is there a juncture where surrender appears unavoidable? Highlighted are several actions to take when your financial plan encounters setbacks. See omnystudio.com/listener for privacy information.

Ralph Mupita, the CEO of MTN Group, Africa's leading telecommunications provider, discusses the company's full-year financial results with Bruce Whitfield. The latest numbers reveal a sharp decline in earnings for the full year of 2023, attributed to the significant volatility of the Nigerian naira, impacting the telco's profitability. Professor Jon Foster-Pedley, Dean and director of Henley Business School Africa talks to Bruce Whitfield on the implication of Damelin, CityVarsity and Lyceum colleges being deregistered by the Department of Higher Education. This action was taken due to their failure to submit annual financial statements for the years 2021 and 2022, as well as non-compliance with legal requirements, according to the Department of Higher Education. Charlene Archibald, co-founder of Crime Scene Clean Up, opens up on the business of cleaning crime scenes in South Africa. She tells Bruce Whitfield that there is no governing legislation for the industry and how she got into this business. She reveals to Bruce that she would vomit when she sees a dirty rubbish bin but is not scared of cleaning up a gory crime scene. See omnystudio.com/listener for privacy information.