The Money Show
An archive of each full weekday episode of the award-winning program presented by Stephen Grootes, focusing on financial news and money matters.
Episodes
SpaceX debut highlights builder edge & The rise of banking MVNOs in South Africa
Stephen Grootes speaks to Charles Savage, CEO at Purple Group Limited, about SpaceX’s record-breaking IPO, soaring demand from investors, and how, even amid oil shocks, stagflation risks and global tension, the builders like Elon Musk and Taddy Blecher continue to shape the future by building through the noise. In other interviews, Andre Wills, Managing Director at Africa Analysis talks
Alexforbes profits jump 22% & Could the Madlanga allegations jeopardize SA’s FATF standing?
Ray White speaks to Alexforbes CEO Dawie de Villiers about the financial services group's strong full-year results, which saw assets under management and administration grow to R733 billion and profits rise by 22% In other interviews, Steven Powell, Head of ENS' Forensics practice talks about South Africa’s fight against financial crime and whether recent revelations before the Madlanga
Does store location still matter in the age of delivery apps?
Motheo Khoaripe speaks to retail analyst the Finance Ghost, about the dramatic shift reshaping South Africa’s grocery sector and why convenience, rather than location, has become the new battleground. As online shopping and on-demand delivery transform consumer behaviour, traditional advantages like prime store locations and large franchise networks are being challenged by powerful apps and
Safety concerns over cars sold in SA & Does store location still matter in the age of delivery apps?
Motheo Khoaripe speaks to Bobby Ramagwede, CEO of the Automobile Association of South Africa about growing concerns over vehicle safety standards after crash tests revealed poor results for some of South Africa’s best-selling entry-level cars. In other interviews, retail analyst Finance Ghost talks about the dramatic shift reshaping South Africa’s grocery sector and why convenienc
SA’s GDP expands by 0.5% and Why young South Africans are ditching medical aid
Stephen Grootes speaks to Thanda Sithole, FNB & WesBank Senior Economist, about South Africa’s modest 0.5% GDP growth in the first quarter, unpacking the resilience in finance and agriculture, the drag from manufacturing and declining fixed investment, and what the mixed signals in consumer spending, exports, and inventories mean for the country’s economic outlook. In other in
Fitch lifts SA rating after 21 years & PPC’s turnaround pays off as profits surge
Stephen Grootes speaks to George Glynos, Director and Head of Research at ETM Analytics, about Fitch’s upgrade of South Africa’s credit rating, its first in almost 21 years, driven by stronger fiscal discipline, improving revenue collection and lower‑than‑expected debt projections that point to stabilising government finances. In other interviews, PPC CEO Matias Cardarelli talks
Omnia’s mining & Agri boost profits
Stephen Grootes speaks to Omnia Group CEO Seelan Gobalsamy, about the company’s strong FY26 performance, driven by robust growth in its Agriculture and Mining divisions, disciplined capital allocation, solid cash generation, and a R1.2 billion return to shareholders, as the group positions itself for further growth through international expansion, resilient supply chains and improved operati
The Best of The Money Show: The truth on time off & winning negotiations
Stephen Grootes spoke to Clark Gardner about the business of major sporting events, Ian Mann about negotiation insights from Fight Less, Win More, Debbie Goodman about workplace leave culture and guilt‑free breaks, and Andrew Smith about building Yuppiechef into a leading homeware retailer. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He ex
Operation Vulindlela's progress assessed & the pharmaceutical industry weighs in on the GLP-1 dispute
Stephen Grootes speaks to Rudi Dicks, head of project management in the presidency, about what the evidence shows from Operation Vulindlela’s reform drive so far, how much progress has been made in unlocking investment and improving key network industries. In other interviews, Dr Stavros Nicolaou, Chairperson of the Pharmaceutical Task Group (PTG) talks about the growing controversy sur
Business warns on Joburg’s decline & Standard Bank report reveals what drives Africa’s wealthy
Stephen Grootes speaks to Busisiwe Mavuso, Business Leadership South Africa CEO about a new call from organised business for urgent action to reverse Johannesburg’s decline. Describing the city’s fiscal and governance challenges as a national economic emergency, business leaders argue that Johannesburg’s deterioration is undermining investment, growth and confidence at a time whe
Ninety One AUM jumps 31% to R3.9 trillion & Trends shaping SA’s R10bn pet industry
Stephen Grootes speaks to Ninety One CEO Hendrik du Toit, about the asset manager’s strong 2026 turnaround, including a 31% jump in assets under management to £171.8 billion, a return to positive net inflows, and how its landmark 15-year strategic partnership with Sanlam is reshaping its growth trajectory. In other interviews, Andrea Slabber, Insights Lead at Trade Intelligence ta
Telkom’s profit jumps fibre powers growth & What happens to your data after a cyberattack?
Stephen Grootes speaks to Telkom Group CFO Nonkululeko Dlamini about the telecoms’ latest annual results, which saw profit from continuing operations jump 27.5% as its mobile and fibre businesses continued to gain momentum. With Telkom Mobile surpassing 25 million subscribers and Openserve delivering revenue growth for the first time in nine years, the group says its transformation strategy
Fuel costs back in focus as inflation risks mount & Bitcoin now counts as money in SA
Stephen Grootes speaks to Kevin Lings, Chief Economist at Stanlib, about the latest fuel price adjustment and what it means for inflation, interest rates and the broader economy. While diesel prices are set to decline sharply, motorists will face a steep increase in petrol prices as geopolitical tensions and higher global oil prices feed through to the pumps. In other interviews, Prof Steven
Dis-Chem doubles down on AI and healthcare; Jetour becomes the 1st Chinese car to win Car of the Year
Stephen Grootes speaks to Rui Morais, CEO of Dis-Chem’s about the company’s latest results which showed strong revenue growth and the retailer’s aggressive investment into its long-term healthcare ecosystem strategy, including AI, data analytics, rewards and healthcare delivery platforms. In other interviews, Nic Campbell, Vice President of Jetour South Africa talks about th
SARB raises rates amid Middle East oil shock & Govt responds to landmark FMD vaccine ruling
Stephen Grootes speaks to Citi South Africa economist Gina Schoeman about the SARB’s decision to hike interest rates by 25 basis points as rising fuel and food prices driven by the Middle East conflict reignite inflation concerns. In other interviews, John Steenhuisen, Agriculture Minister talks about the Pretoria High Court’s landmark interim ruling allowing private procurement a
Landmark FMD ruling shifts power to farmers & Soccer vs rugby, which sport really owns SA viewers?
Stephen Grootes speaks to Francois Rossouw, CEO of Southern African Agri Initiative, about the Pretoria High Court’s landmark ruling allowing farmers and livestock owners to privately procure and administer Foot-and-Mouth Disease vaccines without State veterinary involvement In other interviews, Kelvin Watt, Chairman of Nielsen Sports Africa talks about the battle for South African spor
AI policy reboot after costly blunder & SA farm exports surge despite port strain
Stephen Grootes speaks to Professor Bruce Watson, of UKZN and Waterloo (in Canada), AI Research Founder & Global Advisor, about the government’s decision to appoint an independent panel to redraft South Africa’s AI framework after it was withdrawn due to AI‑generated “hallucinated” references, and what this means for regulation, credibility, and the future of AI governa
Pick n Pay shows signs of recovery amid restructuring & Netcare delivers strong profit growth
Stephen Grootes speaks to Sean Summers, Pick n Pay CEO about whether the retailer’s turnaround strategy is finally gaining traction after the retailer reported steady operational improvements and stronger like-for-like sales growth, despite a wider trading loss in its core supermarket business. In other interviews, Dr Richard Friedland talks about Netcare Group’s strong interim perform
A digital insurer Naked launches a ChatGPT app & more South Africans are choosing cruise holidays
Stephen Grootes speaks to Alex Thomson, co-founder of Naked Insurance, about the company’s launch of a world-first ChatGPT-native app that can generate final, binding car insurance quotes and what it signals about the future of AI-driven financial services. In other interviews, Ross Volk, Managing Director of MSC Cruises South Africa, talks about the company’s strong 2025/2026 South Af
Investec grows earnings amid global uncertainty & Standard Bank glitch sparks security fears
Stephen Grootes speaks to Investec South Africa CEO Cumesh Moodliar about the bank’s latest results, strong growth in earnings and client activity, and how Investec is navigating a volatile global environment marked by geopolitical tensions, shifting interest rates and slowing economic growth. In other interviews, Maya Fisher-French, Award-winning financial journalist and founder of th
Fuel shock pushes inflation to 4% and Balwin buyout signals JSE exit plans
Stephen Grootes speaks to Sanisha Packirisamy, Momentum Investments’ Chief Economist, about the surprising uptick in April inflation to 4%, driven by sharp fuel price hikes, and what it means for consumers already under pressure, the outlook for interest rates, and whether easing food prices can offset rising transport and medical costs. In other interviews, Balwin CEO Stephen Brookes
Pick n Pay sells Boxer stake and Mythos AI sparks global banking fears
Stephen Grootes speaks to Finance Ghost, retail analyst about Pick n Pay’s decision to raise R4.7 billion through the sale of a further stake in Boxer, and whether the move reflects confidence in its turnaround strategy or highlights the financial strain facing the core Pick n Pay business In other interviews, Sibusiso Sishi, a cybersecurity analyst and Director at IronSky South Africa talks
WeBuyCars profits dip amid expansion push & Eskom marks one full year without loadshedding
Stephen Grootes speaks to Deputy CEO, Wynand Beukes, about WeBuyCars’ interim results, unpacking the sharp drop in cash generation, margin pressure from affordable Chinese cars, and the group’s aggressive expansion strategy. In other interviews, Eskom CEO, Dan Marokane talks about Eskom reaching a major milestone delivering 365 consecutive days without loadshedding for the first time i
THE BEST OF THE MONEY SHOW : Wellbeing boosts biz & Shapiro on IP
Stephen Grootes spoke to Guy Chennells on employee wellbeing, Craig Shapiro on protecting intellectual property, Bronwyn Williams on The Price of Time and the risks of cheap money, and Irshaad Kathrada on his leadership journey across finance, entrepreneurship and economic policy in South Africa. The Money Show is a podcast hosted by well-known journalist and radio presenter, Steph
Truworths overtakes TFG in dramatic retail reversal & Spotify generates over R500mln for SA artists
Stephen Grootes speaks to Finance Ghost, retail analyst about the dramatic reversal in fortunes between TFG and Truworths after Truworths overtook TFG in market capitalisation for the first time in more than a decade, why investors have aggressively sold down TFG which has wiped nearly R20 billion off the retailer’s value since August last year. In other interviews, Managing Director of
AA wants carmakers liable for unsafe vehicles & Trump, Powell and the test of Fed Independence
Stephen Grootes speaks to Bobby Ramagwede, CEO of the Automobile Association, about the AA’s push to hold vehicle manufacturers criminally liable for deaths and injuries linked to poor safety standards in cars sold in South Africa and other African markets. This follows the Global NCAP crash test that awarded the Toyota Starlet a zero-star safety rating for adult occupant protection. In othe
Transnet Ports show strongest growth in 15 years & SAA’s acting CEO on the airline’s recovery plan
Stephen Grootes speaks to Andrew Pike, Head of Bowmans Ports, Transport and Logistics, about Transnet ports hitting a 15‑year high, signalling growing momentum in the state‑owned company’s recovery and renewed confidence in South Africa’s logistics system. In other interviews, Matshela Seshibe, Acting Group CEO of South African Airways, about the state of the national carrier
Competition concerns remain in SA & activists question Thirsti’s water extraction
Stephen Grootes speaks to James Hodge, Chief Economist at the Competition Commission, about the Commission’s latest Concentration Report, why market concentration remains high in South Africa, and what needs to change to open the economy to greater MSME participation and inclusive growth. In other interviews, Lucky Shabalala, Chairperson at the Sisonke Environmental Justice Network
Boxer reports 13.2% jump in full-year earnings and Woolies responds to Beyers Chocolate saga
Stephen Grootes speaks to Marek Masojada, CEO of Boxer, about the retailer’s strong first full-year results since listing on the JSE and how its discount retail model continues to win market share in a tough economy. In other interviews, Woolworths CEO Roy Bagattini talks about the decision to terminate its relationship with Beyers Chocolates, the exclusivity dispute, and allegations ar
The Best of The Money Show: AI washing & productivity paradox: Survival
Stephen Grootes spoke to Linda Mabhena‑Olagunju about her journey from law to building a leading renewable energy company, Ian Mann about The Art of Uncertainty and how we understand risk and decision‑making, Advaita Naidoo about AI washing and the productivity paradox, and Warren Ingram about navigating personal financial success amid rising global and local economic pressures. The Mone
ConCourt ruling’s impact on ongoing reforms & could Joburg’s governance crisis hit house prices?
Stephen Grootes speaks to Dr Mpumelelo Mkhabela, political analyst, about the Constitutional Court ruling and its implications for South Africa’s democracy, what it could mean for President Cyril Ramaphosa’s legacy, ongoing governance reforms, and the broader political consequences. In other interviews, Berry Everitt, CEO of Chas Everitt International Property Group, about growing conc
SA debt stabilising as reforms gain traction & Can South Africa end load reduction by 2027?
Stephen Grootes speaks to George Glynos, Director and Head of Research at ETM Analyst about why Moody’s says improving fiscal discipline, reform momentum and a lower inflation target could see South Africa’s government debt stabilise this year, even as high debt levels and rising election pressures continue to test the country’s ability to absorb economic shocks. In other intervi
Godongwana warns Joburg on budget woes & BLSA flags SA policy uncertainty hurting investment
Stephen Grootes speaks to Prof Mike Muller, Visiting professor, School of Governance at University of the Witwatersrand about Finance Minister Enoch Godongwana’s warning that Johannesburg is in severe financial distress, the City’s unfunded wage deal with workers, and what this latest showdown means for Joburg’s stability and the wider economy. In other interviews, Busisiwe Mavus
Motorists are hit at the pumps, and an expert warns that SA is overproducing electricity.
Stephen Grootes speaks to Bobby Ramagwede, CEO of the Automobile Association of South Africa and Nkosikhona Malinga Mnisi, EWN Reporter about the sharp spike in fuel prices, with petrol and diesel hikes driven by rising global oil prices linked to the Iran conflict, and what this means for South African motorists, inflation and interest rates. In other interviews, Professor Sampson Mamphweli, Head
South Africans brace for another fuel price blow & Are fuel rewards programmes worth it?
Stephen Grootes speaks to Kevin Lings, Chief Economist at STANLIB, about the sharp fuel price increases taking effect this week and what they could mean for inflation, food prices and already strained household budgets. In other interviews, Amanda Cromhout, founder and CEO of Truth, a specialist loyalty, CRM and customer strategy consultancy talks about whether fuel loyalty points systems are help
The Best of The Money Show : Business of concerts & employee benefits guide
Stephen Grootes spoke to Wendy Knowler about why customer engagement lags behind marketing spend, to Victor Kgomoeswana about Africa Bounces Back and the continent’s post‑crisis economic path, to Warren Ingram about why salary deductions are long‑term investments, and to Greg Walsh about the economics of staging major concerts and live events. The Money Show is a podcast hosted by well-known
Fair Pay Bill targets wage inequality & luxury pawnbroking rises among cash-strapped elites
Stephen Grootes speaks to Nobuntu Hlazo-Webster is a Member of Parliament and Deputy leader for Build One South Africa about the Fair Pay Bill, which has now been gazetted for public comment, and what it could mean for wage inequality and pay transparency in South Africa. In other interviews, Charles Meyerowitz, co-founder and CEO of Lamna Financial talks about the growing trend of luxur
High Court blocks Cape Town’s property-based charges & Tourism boom signals strong growth for SA
Stephen Grootes talks to Professor Francois Viruly, Former Director of the Urban Real Estate Research Unit at UCT, about the Western Cape High Court ruling that set aside Cape Town’s property value-based cleaning and sanitation charges, what it means for ratepayers, municipal budgets, and the city’s options going forward. In other interviews, Tourism Minister, Patricia de Lil
Gold demand hits record value in Q1 & Affluent buyers split life between Joburg and the coast
Stephen Grootes speaks to Joe Cavatoni, Market Strategist from the World Gold Council, about the World Gold Council’s Q1 2026 Gold Demand Trends, highlighting record-value demand driven by surging bar and coin investment, strong central bank buying, and gold’s renewed role as a safe-haven amid heightened geopolitical risk. In other interviews, Dr Andrew Golding, chief ex
Treasury extends fuel levy relief & SA plans duties on Chinese, Thai washing machines
Stephen Grootes talks to Sifiso Skenjana, Economist and Managing Director of ESG Analytics about the government's decision to extend fuel levy relief as global oil volatility continues to filter through to the local economy. With the R3 per litre cut already costing the fiscus billions each month, the move raises key questions about how long South Africa can cushion consumers without deepening fis
Food prices at risk from El Niño, fuel & fertiliser costs; Spear raises R1bn
Stephen Grootes speaks to Thabile Nkunjana, Agricultural Economist about the outlook for food prices as the risk of an El Niño coincides with rising fuel and fertiliser costs linked to Middle East tensions. In other interviews, Quintin Rossi, Spear CEO talks about the company raising R1 billion through an oversubscribed accelerated bookbuild. The capital raise, completed at a slight premium
The Best of The Money Show: Xpresso Café growth & Dangote crude crunch
Stephen Grootes spoke to Nicolene Elhadad on building Xpresso Café into a fast‑growing, affordable coffee franchise, unpacked key African business developments with Dr Rutendo Hwindingwi, explored how to future‑proof children for an AI‑driven world with Bronwyn Williams, and reflected on leadership and placemaking in hospitality with V&A Waterfront CEO Graham Wood. The Money Show is a p
SA to regulate crypto under exchange control & Nomsa Mazwai launches Sober Fest
Stephen Grootes speaks to Prof Steven Boykey Sidley Professor of Practice at JBS, University of Johannesburg and columnist at Daily Maverick about National Treasury’s proposed overhaul of exchange controls, unpacking the shift to a risk‑based system, tougher penalties, tighter rules on foreign and crypto assets, and what it means for capital flows in and out of South Africa. In other intervi
Clicks earnings rise 8.1% as pharmacy share grows & SA shoppers shift to digital payments trend
Stephen Grootes speaks to Clicks CEO Bertina Engelbrecht about Clicks Group’s resilient interim results, highlighting solid earnings growth, a higher dividend, expanding pharmacy and store footprint, strong loyalty programme performance, and how the retailer is navigating intense competition and constrained consumer spending while continuing to invest in growth and sustainability initiatives
Corporates that Care: How Primedia & partners are driving social & economic impact in South Africa
Stephen Grootes speaks to Trish Taylor, Head of Primedia Cares about Primedia Cares’ mission to make a meaningful difference in South African society, and how its flagship programme, Corporates that Care, is driving collective impact through powerful partnerships across communities, business, and government. In other interviews, Alex Gabriel, CEO of Cape Opera about Corporates That Care and
SAA financials under fire as AG flags issues & SA diversifies fuel imports amid diesel pressure
Stephen Grootes speaks to Khaya Sithole, CA(SA) and director at Corusca Consulting, about the deepening concerns around South African Airways after a damning assessment by the Auditor-General of South Africa. Despite reporting a headline profit, the airline’s financials have been called into question. In other interviews, Avhapfani Tshifularo, FIASA CEO talks about South Africa’s shift
IPPs accuse Eskom of blocking fair access to the grid & Govt weighs further relief on oil shock
Stephen Grootes speaks to Tommy Garner, management committee member of the South African Independent Power Producers Association about escalating tensions between independent power producers and Eskom over control of grid connections. At the centre of the dispute is a tightening bottleneck in transmission capacity, particularly in renewable-rich provinces, and growing concern that Eskom’s du
The Best of the Money Show: Online order fixes matter; Canal+ refocuses
Motheo Khoaripe speaks to consumer advocate Wendy Knowler about fixing e‑commerce order mistakes, to Nqobile Ndlovu about Canal+ shedding non‑core assets to focus on broadcasting, to Warren Ingram about how consumerist messaging fuels debt and undermines financial security, and to Ntebaleng Twala about leadership and impact in high‑performance finance. The Money Show is a podcast hosted by well-kn
Godongwana on navigating a new global economic risk & Mahindra eyes major SA plant upgrade
Motheo Khoaripe speaks to Finance Minister Enoch Godongwana about the global economic fallout from rising geopolitical tensions, including the impact of disruptions around the Strait of Hormuz on oil prices and what that means for South Africa’s inflation, fuel costs and growth outlook, alongside key discussion outcomes from the IMF World Bank Spring Meetings. In other interviews, Renai Moot
Global tensions hit luxury stocks & Why South Africans earning R50K still struggle to make ends meet
Motheo Khoaripe speaks to Michael Zahariev, co-founder of Luxity talks about how escalating geopolitical tensions particularly in the Middle East are beginning to ripple through global luxury markets, with investor sentiment weakening and high-end brands facing renewed pressure. In other interviews, Samantha Moyana, Debt Counsellor at National Debt Advisors, about the growing financial strain faci
March uptick masks fragile economic outlook & US Iran crisis exposes global economic fragility
Motheo Khoaripe speaks to Elize Kruger, Independent economist about the latest PayInc Economic Index showing a modest uptick in activity in March, underpinned by easing inflation, rate cuts and improved consumer confidence, with transaction volumes and vehicle sales pointing to early-year momentum across the economy. In other interviews, Izak Odendaal, Investment Strategist at Old Mutual Wealth ta
Sasol CEO on SA’s energy security reality and PIC eyes TVET sector as investable growth opportunity
Motheo Khoaripe speaks to Simon Baloyi, CEO of SASOL about the evolving energy security debate in South Africa and why the country’s reliance on imported fuel keeps it exposed to global shocks. In other interviews, Zanele Mocumi, Sector Specialist: Social Infrastructure at the PIC talks about its latest research positioning South Africa’s TVET sector as both a skills solution and an in
Trump blocks Strait of Hormuz route & younger buyers exit housing market in SA
Motheo Khoaripe speaks to Donald MacKay, Director at XA International Trade Advisors about the escalating US threat to blockade Iranian shipping in the Strait of Hormuz, the legality of such a move under international law, and the potential global economic fallout if tensions derail the fragile ceasefire with Iran. In other interviews, Hayley Ivins-Downes, Managing Executive for Real Estate at Lig
Best of The Money Show: Buy vs rent & Sampson on 50 years of brands
Stephen Grootes spoke to Warren Ingram about the real costs of renting versus buying a home, to Vincent Anthonyrajah and Carl Roothman, about the long‑term power of compounding and staying invested, to Siphiwe Moyo about rebuilding trust and accountability after mistakes, and to branding pioneer Jeremy Sampson about five decades of shaping iconic South African brands. The Money Show is a podcast h
Eskom deal eases SA ferrochrome strain & rerouted ships put Cape Town port to the test
Motheo Khoaripe speaks to Japie Fullard, CEO Glencore Alloys about Eskom’s heavily discounted, time‑bound power deal for the ferrochrome industry and what the amended Negotiated Power Agreement means for jobs, energy‑intensive smelters and South Africa’s struggling ferroalloys sector. In other interviews, Timothy Walker, Senior Researcher on Maritime Security at the Institute for Secur
How Gauteng’s economy has shifted over 10 years & Skills gap threatens SA investment sector pipeline026
Stephen Grootes talks to Justin Visagie, Associate Professor, Southern Centre for Inequality Studies about how Gauteng’s economy has changed over the past decade, whether it still deserves its status as the engine room of South Africa, and how shifts in migration, sectoral growth and persistent load shedding have reshaped provinces like Gauteng and the Western Cape. In other interviews, Prem
Iran–US ceasefire lifts markets and jet fuel prices stay elevated despite Strait of Hormuz reopening
Stephen Grootes speaks to John Stopford, Head of Multi-Asset Income at Ninety One, about Iran’s reported 10‑point ceasefire proposal, giving analysis on the Iran–US geopolitical standpoint, whether this ceasefire is likely to last, how markets should interpret the development, and what it would signal in the broader global context. In other interviews, Guy Leitch, aviation analyst
Ramaphosa signs Public Service and Administration Acts into law & Canal+ streamlines DStv offerings
Stephen Grootes speaks to Ivor Chipkin, co-founder and Director of the New South Institute about the significance of the Public Service Amendment Act, how it reshapes the relationship between politicians and senior officials. In other interviews, Jan Vermeulen, Editor at MyBroadband talks about the group’s ambitious plan to simplify DStv’s pricing and product structure, cut complexity
SARS appoints new Commissioner and Chery investment in local manufacturing signals confidence in SA
Stephen Grootes talks to Charles de Wet, Tax Executive at ENSafrica about the appointment of Dr Ngobani Johnstone Makhubu as the new SARS Commissioner, set to take over from Edward Kieswetter on 1 May 2026. The leadership change comes at a critical time for the revenue service, following a period of improved collections, stronger compliance and institutional rebuilding under Kieswetter. Makhubu&rs
SARS breaks the R2 Trillion revenue barrier & electricity prices jumped 85% since 2020
Stephen Grootes speaks to Edward Kieswetter, Commissioner of the South African Revenue Service about the revenue service surpassing the R2 trillion mark in net tax collections for the first time, reaching R2.01 trillion in the 2025/26 financial year. The milestone comes despite a challenging economic backdrop, including sluggish growth, load shedding and global uncertainty, and reflects stro
Govt cuts fuel levy by R3 to ease price shock and Gen Z investors reshape market trends
Stephen Grootes speaks to Momentum Investments’ Chief Economist, Sanisha Packirisamy, about the government’s decision to temporarily cut the fuel levy for April, the pressure from trade unions and business groups that prompted the move, and what the sharp rise in petrol and diesel prices means for households, inflation, and the broader economy amid ongoing conflict in the Middle East.
Inflation risks rise as fuel costs climb & SA rethinks what generational wealth really means
Stephen Grootes speaks to Johann Els, Chief Economist at PSG Group about the latest potential fuel price shock will mean for inflation, interest rates and potential government intervention on the fuel levy.With petrol and diesel prices set for sharp increases driven by surging global oil prices and a weaker rand, the knock-on effects are expected to filter quickly through the economy raising trans
Best of the Money Show: Will wisdom & Gen Z work shift
Stephen Grootes speaks to Sharon Hamman about the complexities and risks of DIY estate planning, to Trudie Broekman about the pitfalls of holiday shareblock schemes, to Advaita Naidoo about Gen Z’s impact on the workplace, and to Charles Savage about his career journey and the leadership lessons behind his rise at Purple Group. The Money Show is a podcast hosted by well-known journalist and
SARB keeps interest rates steady as inflation risks rise & high joblessness weighs on SADC economies
Stephen Grootes speaks to Kevin Lings, Chief Economist at Stanlib Asset Management, about the South African Reserve Bank’s decision to keep the repo rate unchanged at 6.75%, the possible inflationary pressures driven by soaring oil prices and geopolitical tensions in the Middle East, and what these risks could mean for consumers and the broader economic outlook in the coming months. Pali Leh
Remgro earnings rally on strong investee results & RSF policy set to impact EV infrastructure rollout
Stephen Grootes speaks to Jannie Durand, CEO of Remgro about their latest interim results, which reflect a sharp acceleration in earnings growth and strong cash generation across its portfolio of investee companies. Headline earnings surged, supported by improved operational performance from key assets, while robust dividend inflows enabled a significant uplift in shareholder payouts In other inte
Farmers oppose state vaccine controls & African fuel-supply hubs gain as ships reroute around the Cape
Stephen Grootes speaks to Francois Rossouw, CEO Of the Southern African Agricultural Initiative and John Steenhuisen, Minister of Agriculture, about the growing legal battle in which farmers argue that strict state-controlled vaccine rules are delaying South Africa’s foot-and-mouth disease response, threatening livestock, livelihoods, and the wider agricultural economy. In other interviews,
Mixed signals in Iran conflict rattles markets & SA loyalty market hits maturity as usage climbs to 85%
Stephen Grootes speaks to Azar Jammine, Chief Economist at Econometrix and Izak Odendaal, Investment Strategist at Old Mutual Wealth about the latest developments in the escalating Iran conflict, after U.S. President Donald Trump announced a temporary pause on planned strikes targeting Iranian power infrastructure, citing progress in talks that Tehran has firmly denied. In other interviews, Amanda
SA slaps heavy tariffs on Chinese steel and V&A Waterfront expands with R230m superyacht investment
Stephen Grootes speaks to Dr Saul Levin, Executive Director at economic policy research institute, Trade and Industrial Policy Strategies, about South Africa’s decision to impose steep anti‑dumping tariffs on structural steel from China and Thailand, and what the move means for the future of the country’s embattled steel industry. In other interviews, Graham Wood, CEO of the V&A Wa
Exxaro shifts beyond coal as earnings hold firm & Middle East war threatens global fertiliser supply
Stephen Grootes speaks to Ben Magara, CEO of Exxaro Resources about their latest results, which reflect a resilient performance despite weaker coal prices, with headline earnings per share up 8% and revenue edging higher on disciplined cost management. The results come at a strategic inflection point for the group as it pivots beyond coal, highlighted by its R10.6 billion acquisition of a stake in
Global turmoil threatens SA inflation outlook & short-term rental rules stir industry fears
Stephen Grootes speaks to Koketso Mano, FNB Senior Economist, about how South Africa’s easing inflation may be short‑lived, unpacking the impact of global conflict on oil prices, the rand’s volatility, and what this could mean for the Reserve Bank’s next policy move. In other interviews, Miguel Martins, Director at the South African Short Term Rental Association talks about the g
Old Mutual gains traction as strategy pays off and Spar cuts costs in deeper turnaround push
Stephen Grootes speaks to Jurie Strydom, CEO of Old Mutual about the group’s 2025 results which showed the business gaining traction following its strategic reset, with results from operations up 13% to R9.8 billion and adjusted headline earnings rising 24% on the back of strong performances in its insurance and wealth units. The group increased its total dividend by 8% to 93 cents per share
MTN’s Africa strategy pays off as profits rise and AI-generated complaints muddy SA consumer cases
Africa Melane speaks to Ralph Mupita, chief executive of MTN Group, after the telecoms giant delivered a strong set of results for the 2025 financial year and surprised investors with a higher-than-expected dividend. The pan-African operator reported a rebound in profitability, supported by strong performances in key markets such as Nigeria and Ghana, rising data usage, and growth in its fintech s
Fuel suppliers tighten deliveries amid supply worries & SA to host Africa’s first LIV Golf event
Stephen Grootes speaks to Avhapfani Tshifularo, Fuel Industry Association of South Africa CEO about fuel suppliers restricting deliveries to contractual volumes as the industry moves to manage stocks more cautiously. The measures come amid heightened uncertainty over global supply disruptions following tanker attacks in the Middle East, with companies supplying customers on a ratable basis and lim
Standard Bank posts R49.2bn headline earnings and shipping attacks push oil above $100
Stephen Grootes speaks to Sim Tshabalala, CEO of Standard Bank Group, after the lender reported strong results for the 2025 financial year. The bank posted headline earnings of R49.2 billion, with earnings per share and dividends both rising 12%, while return on equity reached 19.3%, the top end of its target range. The performance was supported by solid balance sheet growth, stronger fee and trad
The JSE has lost 514 companies since 1989 and 14 municipalities face possible power cuts by Eskom
Stephen Grootes speaks to Haroon Bhorat, professor of economics at the University of Cape Town, about new research examining the steady decline in listings on the Johannesburg Stock Exchange. The study finds the exchange has lost a net 514 companies since 1989, with delistings significantly outpacing new listings and leaving South Africa with fewer opportunities for smaller firms to raise capital
Absa profit rises as credit quality improves and Govt moves to give ITAC new powers over imports
Stephen Grootes speaks to Kenny Fihla, Absa Group CEO about the bank’s latest financial results, after the bank reported a 12% increase in headline earnings to R24.8 billion for the 2025 financial year. The performance was supported by stronger pre-provision profit, lower credit impairments, and continued momentum across key divisions, particularly Corporate and Investment Banking as well as
Mall of Africa owner Attacq delivers solid results
Stephen Grootes speaks to Peter de Villiers, CFO of Attacq, about the property group’s latest interim results, after the JSE-listed REIT reported solid growth in distributable income and upgraded its full-year guidance. The performance was supported by higher rental income, improved occupancy levels, and lower finance costs, while strong trading density across key retail assets, including Ma
Oil surges past $100 as Middle East war rattles markets and Mpact revenue climbs to R14bn
Stephen Grootes speaks to Feroz Basa, Head of Global Emerging Markets at Sanlam Investments, about the sharp surge in global oil prices as the expanding Middle East conflict disrupts supply and shipping routes. Brent crude briefly spiked above $119 a barrel, its highest level since 2022 as production cuts, damaged infrastructure and the effective closure of the Strait of Hormuz tightened global en
Best of the Money Show: KFC leadership & YouTube’s new content era
Stephen speaks to Akhona Qengqe about her journey to leading KFC Africa, to Ian Mann about Ray Dalio’s Principles for Dealing with the Changing World Order, to Siphumelele Zondi about the fall of local streaming platforms and YouTube’s rise, and to Bret Dugmore about how Mr Vinyl is keeping South Africa’s physical music culture alive. The Money Show is a podcast hosted by we
High Court strips Finance Minister of unilateral VAT powers and Africa’s trade momentum strengthens
Stephen Grootes speaks to Micaela Paschini, Team Lead: Tax Legal at Tax Consulting SA about a major court ruling that could reshape how tax policy is made in South Africa. The Western Cape High Court has found that a section of the VAT Act allowing Finance Minister Enoch Godongwana to change the VAT rate without parliamentary approval is unconstitutional. The court suspended the order for 24 month
