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The Money Show


An archive of each full weekday episode of the award-winning program presented by Bruce Whitfield.


Cape Town, South Africa




An archive of each full weekday episode of the award-winning program presented by Bruce Whitfield.




FirstRand makes waves with 6% interim profit surge and sweetened dividends; Santam shows off dividends and dumps loss-making deals and why you should beware of the two-pot retirement system.

Allan Pullinger, CEO at FirstRand, South Africa's largest lender, on reporting a 6% rise in half-year earnings, reaching R19.1 billion, driven by strong net interest income growth. Wikus Olivier, Chief Financial Officer at Santam tells Bruce Whitfield that, despite challenges like economic slowdown and high reinsurance costs, it has maintained its market share and expanded shareholder value, thanks to its diversified portfolio and strong broker network. Bruce Cameron, consultant on retirement funds on why the new two-pot retirement system in South Africa, effective from September 1, 2024 — which will allow early withdrawals from retirement funds — is concerning, as it will potentially boost individual spending and impact the economy and inflation. See for privacy information.


Woolworths delivers double-digit profit growth in SA, in tough macro-economic environment; SARS pursues Sasfin for billions in Gold Leaf Tobacco money laundering scandal

Woolworths SA’s CEO Roy Bagattini takes Bruce Whitfield through the company's annual results. The retailer reported strong growth with a 5.4% increase in turnover, driven by a standout performance in the Food business. Despite economic challenges, Woolworths SA is making progress against its strategies, supported by a bolstered balance sheet from the sale of David Jones. They plan to reinvest R10 billion over three years to accelerate growth initiatives. Pauli Van Wyk, journalist with Scorpio at Daily Maverick on SARS pursuing billions from Sasfin over a Gold Leaf Tobacco money laundering scandal. The revenue service alleges Sasfin Bank aided in moving R8.2 billion in untaxed funds out of the country with the help of 11 employees, despite warnings about lax controls. For our shapeshifter, we had Michael Fridjhon, International Wine Expert at Wine Wizard Jancis Robinson describes him as "South Africa's leading wine writer." WINE says he’s South Africa’s most widely consulted liquor industry authority. Michael Fridjhon is widely recognized as South Africa’s foremost wine taster and wine judge. With over four decades' experience in every segment of the industry, show chairman on three different continents and on more than 20 occasions, author, co-author or contributor to more than 40 books including the Oxford Companion to Wine, the Global Wine Encyclopaedia and the John Platter Wine Guide - he brings unparalleled judgement and experience to the task of reviewing a wine and its potential. His notes are the best and safest guideline available to collectors and consumers of Cape wines. See for privacy information.


Sasol's gas cut-off threatens to derail SA's industrial engine, putting jobs and economic growth at risk

Jaco Human, CEO of IGUA-SA discusses South Africa being in a severe gas shortage by 2026 as Sasol ends supplies, jeopardizing thousands of jobs and the economy. IGUA-SA demands urgent government action to develop alternative LNG infrastructure near Maputo, highlighting the critical need for government-backed solutions to prevent an industrial crisis. Immediate interventions are essential to maintain the country's manufacturing sector and economic stability it says. See for privacy information.


Investigation launched into falsified credentials of leading SA investment industry figure; Bitcoin blasts past $57 000 levels amid investor demand – an all-time high

Sikonathi Mantshantsha, Journalist at News24 and Andrew Woodburn managing director at Amrop WoodburnMann discuss a South African investment firm, Summit Africa, with assets of R1.6 billion, being embroiled in controversy. As co-founder and investment principal Langalezwe Madonko has admitted to falsifying academic and work credentials. Carel de Jager, blockchain R&D lead at the CSIR chats about Bitcoin hitting $57 000 for the first time since late 2021, driven by investor demand and MicroStrategy Inc. purchases. Warren Ingram, personal finance expert and co-Founder of Galileo Capital shares insights on whether residential property is a great investment. While it offers benefits like borrowing money to invest and not being as affected by stock market fluctuations, there are downsides too, he explains there. See for privacy information.


Sasol hit by 34% decline in half-year profit; Marc spearheads Mimecast's next chapter in cybersecurity and Jonathan Acutt to reveal secrets of 165-year real estate legacy on 'How I Make Money’.

Sasol hit by 34% decline in half-year profit Fleetwood Grobler, outgoing president and CEO at Sasol on the company’s half-year profit plummeting by 34% due to weaker oil prices and higher costs, leading to a reduced dividend and a 5% fall in share value. New leadership: Marc van Zadelhoff, pearheads Mimecast's next chapter in cybersecurity Marc van Zadelhoff, new CEO of Mimecast on the technology company expanding. Jonathan Acutt to reveal secrets of 165-year real estate legacy on 'How I Make Money Jonathan Acutt, managing director at Acutts Real Estate on a family-owned real estate company with a 165-year legacy, joined us as our guest in How I Make Money. He shares insights on achieving longevity in the country's real estate sector. See for privacy information.


An 80-year old attorney faces a criminal investigation after swindling R39m for nearly five years

Kyle Cowan, an investigative journalist at News24, delves into how attorneys manage trust accounts in the wake of an incident where an 80-year-old lawyer embezzled millions from one. In Our Money Show Explainer, Michael Sachs, adjunct professor at Wits answered what the contingency reserve is and how it works. For Friday File, .Mark Smyth, freelance automotive journalist on the Bentley Bentayga extended wheelbase (EWB) with personalisation by Mulliner, a bespoke division of Bentley. See for privacy information.


Anglo American alarmed by 94% plunge in its annual profit

Duncan Wanblad, CEO of Anglo American on falling prices of metals, and what it means for the business. Meryl Pick, portfolio manager at Old Mutual Investment Group on whether the Ackerman era is coming to an end as Pick n Pay announces a R4bn rights issue. Simon Fillmore, CIO at Independent Securities, led our investment school, focusing on China's potential renaissance or lack thereof and its implications for South African investors heavily exposed to China through pension funds and stocks. See for privacy information.


Finance minister Enoch Godogwana’s 2024 budget in a nutshell.

Duncan Pieterse, director-general of the National Treasury of South Africa; Edward Kieswetter, commissioner at South African Revenue Service and Gina Schoeman, economist at Citi Bank give meaning to 2024’s budget. Arthur Goldstuck, founder and CEO at World Wide Worx on how the business of AI is getting even more unusual. Catherine Young, founder at Thinkroom Consulting on living for entrepreneurs as our guest on our shapeshifter feature. See for privacy information.


Kumba Iron Ore plans to cut jobs as Transnet crisis hits output

Mpumi Zikalala, CEO at Kumba Iron Ore on how the troubled Transnet has impacted business; and their plans to help fix logistics issues. George Glynos, head of research at ETM Analytics on SA’s unemployment rate ballooning to 32.1% in Q4 of 2023, up from 31.9%. Warren Ingram, co-founder of Galileo Capital and a personal financial advisor, on essential tips for protecting yourself against the increasingly sophisticated fraud and scams happening currently. See for privacy information.


The Best Age to Sell Your Car

In this archival 'Money Show' interview Mike Wills in for Bruce Whitfield speaks to late South African economist Mike Schussler about when is the best time to sell your car. See for privacy information.


Amplats annual results: Over 4,000 jobs at risk following a 35% tumble in metal prices

Craig Miller, CEO of Amplats, discusses layoffs and the plunging of metal prices. Joan Muller, property editor at Financial Mail, explores the potential decline of Airbnb as sectional title buildings in tourist hotspots restrict short-term rentals. Charlie Wright, co-founder of CleanMyBed, was our guest on "How I Make Money", he shared his unique business model of cleaning people’s beds. He delved into how the concept of bed cleaning emerged. See for privacy information.


How likely is it that we, as taxpayers, will pay the price?

Jurgen Eckmann, Wealth Manager at Consult by Momentum previews the national budget statement by the minister of finance. He looks at whether the finance minister will increase tax. See for privacy information.


Geopolitical unrest fuels commodity volatility: Middle East eyes African minerals amid Ukraine/Russia strife

Julian Grieve, co-head of resources sector solutions at RMB, discusses a volatile year ahead for commodities with gold and uranium prices rising; and a surprising new competitor emerges in the African minerals arena Ciko Thomas, group managing executive for retail & business banking at Nedbank, reflects on the UN roundtable discussion concerning financial health in South Africa. In our investment school, Viv Govender, portfolio manager at Rand Swiss, delves into the evolution of AI chips: breakthroughs, hurdles, and future prospects. See for privacy information.


Heineken faces R10 Billion write-down in South Africa amid economic pressures and declining beer sales

Chris Gilmour, an investment analyst at Salmour Research, on why Heineken, the owner of brands like Amstel and Amarula, has written down its South African beverage division by approximately R10 billion. Peter Worthington, a senior economist at Absa, discusses the potential tapping of the forex revaluation account for the 2024 budget. Lolo Ndlovu, CEO and founder of The Sneaker Shack, shares insights on operating a sneaker laundry service nationwide and delves into the sneaker culture in South Africa See for privacy information.


Billions in Just Transition loans untapped at Eskom's doorstep

Carol Paton, Writer-at-Large at Business 24, explores why the national power utility hesitates to utilise available Just Transition funds. Andrew Woodburn, Managing Director at Amrop WoodburnMann, discusses the increasing disillusionment with corporate culture. Warren Ingram, Co-Founder of Galileo Capital and Personal Financial Advisor, shares three essential principles investors must adopt to enhance their wealth. See for privacy information.


Body Shop UK faces insolvency: implications for South African outlets

Ian Fuhr, founder of Sorbet, the Hatch Institute, and author of "Cultureneering," discusses how The Body Shop lost its direction as its approaching insolvency in the UK. Prof. Adrian Saville, a professor of economics and finance at GIBS, analyses what the S&P 500 reaching 5000 signifies for the US economy and its global connections. Kojo Baffoe, a writer, blogger, and media consultant, reviews "Four Thousand Weeks: Time Management for Mortals" by Oliver Burkeman in our book feature. See for privacy information.


CompComs unexpected market inquiry into poultry sector shocks industry

Analyst Anthony Clark from Small Talk Daily discusses the surprising Competition Commission's market inquiry into the poultry sector. On the Money Show Explainer, CEOs Busisiwe Mavuso of Business Leadership South Africa and Johann Els of Old Mutual analyse and unpack SONA 24. Friday File features Ilaria Chisin-Louw, co-founder of Paintiques, discussing her decorative painting work See for privacy information.


A startling picture emerges from global economy

Michael Power from Ninety One, explores the global economy by presenting a nuanced, three-dimensional perspective on today's global landscape, highlighting China's ascendancy as the world's largest economy. Hamza Farooqui, CEO of Millat Group, on the introduction of Pret A Manger to the South African market. Then Norman Drieselmann, CEO of Retailability, leading brands like Edgars and Legit was our shapeshifter. He spoke about the ups and downs of the retail world. See for privacy information.


Mining Indaba: Communities In the centre of mining revolution - land issues dog inclusive mining

Bulelwa Mabasa, Head of Land Reform at Werksmans and a member of the President's Land Reform Advisory Panel, discusses the impacts of mining on land reform issues. Refilwe Maluleke, Managing Director at Yellowwood, and Pepe Marais, Group Chief Creative Officer at Joe Public, pay tribute to the late Andy Rice, a titan of the marketing and advertising industry. Warren Ingram, Co-Founder of Galileo Capital and Personal Financial Advisor, addresses the question: Should you halt your investments when markets are at their peak highs? See for privacy information.


Exploring the future of mining: insights and challenges at the Mining Indaba

Martin Kingston, chairman at Business for South Africa (B4SA) discusses the potential legal challenges to the NHI bill, highlighting its impact on the economy. Then we dived into the Mining Indaba with Mzila Mthenjane, CEO of Minerals Council South Africa, for a critical analysis of the mining sector's landscape. In our How I Make Money feature, we spoke to Herman Bosman, hostage negotiator and extortion manager at TSU International, for a look into the complex world of negotiation and extortion management. See for privacy information.