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
SARB hikes repo rate to 7.25% as fuel prices drive inflation higher
Ray White speaks to Isaah Mhlanga, Chief Economist and Head of Research at Rand Merchant Bank, about the Reserve Bank’s decision to raise the repo rate by 25 basis points to 7.25%, taking the prime lending rate to 10.75%. The hike comes as South Africa’s economy contracts while renewed fuel-price pressures push inflation higher, with the SARB warning that prolonged energy shocks could
Pick n Pay taps Spencer Sonn to lead next phase of turnaround & Mining titans back SA's F1 bid
Stephen Grootes speaks to Finance Ghost, retail analyst, about Pick n Pay’s appointment of former Woolworths Food managing director Spencer Sonn as CEO-designate, with Sonn set to join the retailer in February 2027 and take over from Sean Summers in May 2028. The appointment comes as Pick n Pay continues its turnaround, with Sonn expected to work alongside Summers during the planned leadersh
FirstRand: Business as a Force for Good
Stephen Grootes speaks to FirstRand CEO Mary Vilakazi, about how the bank is embedding shared prosperity and sustainability into its business strategy, governance, lending practices and long-term commitment to achieving net-zero financed emissions as part of the Business as a Force for Good series. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He
Diesel rebate shake-up for farmers & SA sugar growers take aim at retailers over imported sugar
Stephen Grootes speaks to Corne Louw from Grain SA and a member of AgriSA’s Economy and Trade Policy Unit about Sars’s new standalone diesel refund system, what it means for farmers, and the implications of the re-registration process and tighter compliance requirements for diesel rebate claims. In other interviews, Dr Thomas Funke, Chief Executive Officer at SA Canegrowers talks about
The Best of The Money Show: Investment fees vs executive rewards
Stephen Grootes spoke to Adv Pansy Tlakula about her leadership journey, Graeme Codrington about whether capping executive pay can reduce inequality, Prof. Rutendo Hwindingwi about the continent's top business stories, and Warren Ingram about whether paying professional fund managers delivers value for investors. The Money Show is a podcast hosted by well-known journalist and radio presenter, Step
Spar leadership challenges and what the retailer needs & A mountain bike mission for hunger relief
Stephen Grootes speaks to Stephan Erasmus, investment analyst at Anchor Capital, about SPAR’s ongoing leadership crisis, the search for a permanent board chair and the pressure on the retailer to rebuild trust with its independent store owners. Mike Bosman and deputy chair Shirley Zinn resigned in August following months of tension with SPAR’s independent retailers, with Lwazi Koyana a
Momentum Group earnings jump 13% to R7.06bn & ConCourt strikes down Public Procurement Act
Stephen Grootes speaks to Jeanette Marais, Momentum Group CEO, about the group’s record financial performance for the year ended June 2026, with normalised headline earnings rising 13% to R7.06 billion and the group reaching its R7 billion Impact strategy earnings ambition a year ahead of target. The results were supported by stronger operational performance across the business, with five di
SA inflation expectations dip to 3.8% & Cosatu’s infighting and what’s at stake for SA’s labour force
Stephen Grootes speaks to Nicolaas van der Wath, economist at the Bureau for Economic Research, about South Africa’s inflation expectations ahead of the Reserve Bank’s September interest-rate decision. Two-year-ahead inflation expectations fell to 3.8% in the third quarter from 3.9%, moving closer to the SARB’s 3% target and potentially giving policymakers more room to support an
Attacq delivers strong dividend growth & How surging fuel costs are hitting SA’s economic growth
Stephen Grootes speaks to Attacq CFO Peter de Villiers about the property group’s FY2026 results, with normalised distributable income per share rising 15.5% to 125.1 cents and the full-year dividend increasing 17.2% to 102 cents. Attacq maintained high occupancy and collections at 94.9% and 99.8%, while development activity under construction and in the pipeline at Waterfall City reached 85
Solar Industries India's bid to acquire Omnia & DBSA profit surges 47% to R7.8bn
Stephen Grootes speaks to Omnia Group CEO Seelan Gobalsamy about Solar Industries India's R21.8 billion offer to acquire Omnia, the strategic rationale behind the deal, and what it means for the company's future growth in mining and agriculture. In other interviews, Boitumelo Mosako, CEO at Development Bank of Southern Africa talks about the state-owned development bank’s R7.8 billion profit
The Best of the Money Show : Woolies fees and the listening gap
Stephen Grootes spoke to Andile Khumalo about his entrepreneurial journey and supporting SMEs, Wendy Knowler about controversial Woolworths store card fees, Siphiwe Moyo about the importance of voice and human connection in communication, and Juan Engelbrecht about reviving Scooters Pizza and rebuilding the brand in South Africa. The Money Show is a podcast hosted by well-known journalist and radi
African Bank faces leadership shake-up as CFO resigns & From LIV Golf to Wimbledon: Is hype failing?
Motheo Khoaripe speaks to Kokkie Kooyman, banking analyst about the leadership challenges facing African Bank following the immediate resignation of CFO Anbann Chetti. Chetti’s departure comes months after CEO Kennedy Bungane also resigned with immediate effect, leaving the bank with an acting CFO while it searches for a permanent replacement. The latest leadership change also triggers his r
FirstRand delivers 13% earnings growth and OUTsurance declares special dividend after record year
Stephen Grootes speaks to FirstRand CEO Mary Vilakazi about the group’s latest results, with continuing operations delivering 13% growth in normalised earnings to R44.5 billion and an ROE of 24.9%. FNB and RMB drove the underlying performance, with profit before tax rising 12% and 15% respectively, while the group absorbed a significant provision linked to the UK motor commission matter. Des
FirstRand delivers 13% earnings growth as dividend payout hits record
Stephen Grootes speaks to FirstRand CEO Mary Vilakazi about the group’s latest results, with continuing operations delivering 13% growth in normalised earnings to R44.5 billion and an ROE of 24.9%. FNB and RMB drove the underlying performance, with profit before tax rising 12% and 15% respectively, while the group absorbed a significant provision linked to the UK motor commission matter. Des
Crypto coalition pushes back on new rules & South African cherries gain access to China’s market
Stephen Grootes speaks to Emile van der Linde, Head of Operations at EasyCrypto about its opposition to proposed exchange control changes that the industry says could stifle blockchain-based payments, drive investment offshore, and put South Africa's crypto jobs and innovation ecosystem at risk. Stephen Grootes speaks to agricultural economist Thabile Nkunjana about South African cherries gaining
SA’s GDP contracts 0.2% as growth momentum fades and Old Mutual keeps growth momentum
Stephen Grootes speaks to Sifiso Skenjana, economist and Managing Director of ESG Analytics about South Africa’s economy contracting 0.2% in the second quarter, after first-quarter growth was revised down to 0.4%. The latest GDP figures show weakness across mining, manufacturing and trade, while business investment also declined. With the economy coming off six consecutive quarters of growth
Sun International profit rises as casinos drive growth & SA farm exports grow with Africa taking 40%
Stephen Grootes speaks to Sun International CEO Ulrik Bengtsson about the group’s interim results, with Sunbet income jumping 35.5% to R1.2 billion and land-based casino income returning to growth for the first time in three years. Land-based casino market share rose to 49%, while hospitality revenue increased 7.7% to R1.3 billion. In other interviews, Wandile Sihlobo, Chief Economist at Agb
The Best of the Money Show: The cost of toxic workplaces & SME divide
Stephen Grootes spoke to Warren Ingram about long-term investing, Advaita Naidoo about recognising workplace toxicity, Luncedo Mtwentwe about the regional challenges facing SMEs, and Jakkie Cilliers about Africa's changing security and development landscape. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, bus
ARM profit rises 19% to R3.2bn as PGMs drive recovery & AGOA extension falls short.
Stephen Grootes speaks to Phillip Tobias, CEO of African Rainbow Minerals about the mining group’s FY2026 results, with headline earnings up 19% to R3.2 billion and net cash rising to R10.2 billion. The stronger performance was driven by a sharp recovery in PGMs, while ARM Ferrous earnings fell 42% amid weaker iron ore and manganese prices, lower production and a stronger rand. In other inte
Discovery profit jumps to R17.75bn & Why the HFA is pushing to make medical aid compulsory
Stephen Grootes speaks to Discovery Group CEO Adrian Gore about Discovery’s strong full-year results, the return of Discovery Bank to profitability, the rollout of its Super Bank strategy, and how the Vitality shared-value model is driving growth locally and internationally. In other interviews, Thoneshan Naidoo, CEO of Health Funders Association talks about a new report showing medical sche
Strong food sales boost Woolworths & Motus powers ahead with 19% earnings growth
Stephen Grootes speaks to Woolworths Group CEO Sam Ngumeni about the retailer’s full-year results, which showed sales growth across all business segments, continued strength in its Food division, improved cash generation, and a total dividend payout of R1.9 billion despite a challenging consumer environment. out the group’s 19% increase in earnings, a 29% rise in total dividends, stron
Shoprite grows revenue 7.1% to R274.8bn & Sibanye-Stillwater posts R18.8bn profit as PGM prices surge
Stephen Grootes speaks to Shoprite CEO Pieter Engelbrecht about the retailer’s strong full-year results, which saw sales, earnings and dividends rise, driven by growth across its supermarket brands, the rapid expansion of Sixty60, strategic acquisitions, and continued investment in customer value, job creation and shareholder returns. In other interviews, Dr Richard Stewart, CEO of Sibanye-S
Eskom profits up R30.3 billion & SA sugar growers welcome duty hike but say more may be needed
Stephen Grootes speaks to Eskom chief executive officer Dan Morokane about the power utility's improving financial health, the financial and operational turnaround behind the results, and how Eskom plans to balance energy security, affordability and future investment. In other interviews, Dr Thomas Funke, CEO of SA Canegrowers talks about the International Trade Administration Commission’s d
The Best of the Money Show: Pay transparency & SA's digital shift with Arthur Goldstruck
Motheo Khoaripe speaks to Arthur Goldstuck about South Africa’s digital revolution, Wendy Knowler about a consumer victory over counterfeit goods, Lindiwe Sebesho about pay transparency and fairness in the workplace, and Professor Linda Meyer about leadership and the future of higher education. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes.
Rainbow flies high on strong results & Stadio reports 13% revenue growth as student base surges
Motheo Khoaripe speaks to Marthinus Stander, CEO of Rainbow Chicken, about the poultry producer’s exceptional full-year performance, which saw headline earnings surge more than 130%, EBITDA double to over R2.1 billion, and the declaration of both a final and special dividend, as lower feed costs, higher chicken sales volumes, firmer pricing and improved operational efficiencies drove a sharp
IDC reports R4.65bn loss as Foskor, Mozal drag on performance & SA aviation faces a jet-fuel test
Motheo Khoaripe speaks to IDC CEO Mmakgoshi Lekhethe about the institution’s R4.65 billion loss for the 2026 financial year, the factors behind the sharp reversal from profit, and what it means for the IDC’s investment, job creation and industrial development mandate. In other interviews, aviation analyst Dr Guy Leitch about South Africa’s dependence on Sasol’s Natref refin
Meta to pay $16.7bn over social media addiction case & Blu Label focuses on growth after Cell C
Mothoe Khoaripe speaks to Jan Vermeulen, Editor at MyBroadband, about Meta’s $16.7 billion settlement with a coalition of US states over allegations that Facebook and Instagram contributed to harm among children and teenagers. The settlement requires Meta to introduce tighter protections for younger users, including daily usage limits, nighttime blocks, stronger age verification and addition
MTN delivers strong H1 growth as SA remains under pressure & Transnet offloads landmark assets
Motheo Khoaripe speaks to MTN Group CEO Ralph Mupita about the company’s strong first-half performance, with service revenue rising 17.5% to R115.3 billion, adjusted headline earnings per share up 21.3% and EBITDA increasing 24.4%. The results show strong growth across Nigeria, Ghana and Uganda, while MTN South Africa grows just 1.5% as the group works to reset its prepaid business. In other
MTN delivers strong H1 growth as South Africa remains under pressure
Motheo Khoaripe speaks to MTN Group CEO Ralph Mupita about the company’s strong first-half performance, with service revenue rising 17.5% to R115.3 billion, adjusted headline earnings per share up 21.3% and EBITDA increasing 24.4%. The results show strong growth across Nigeria, Ghana and Uganda, while MTN South Africa grows just 1.5% as the group works to reset its prepaid business. The Mone
Mpact cash flow surges despite headwinds & SA auto industry faces job losses as local production falls
Motheo Khoaripe speaks to Mpact CEO Bruce Strong about the packaging group's improved cash generation and lower debt levels in the first half of 2026, despite ongoing pressure from weak demand, rising input costs and a challenging global paper market. In other interviews, Naacam chief operating officer Nduduzo Chala talks about the growing pressure on South Africa’s automotive components sec
Cell C grows subscribers, cuts debt and targets FY27 growth & The Festival of Motoring returns
Stephen Grootes speaks to Cell C CFO El Kope about the company’s first full year as a listed business, as Cell C adds 1.3-million subscribers and cuts net debt by 64% to R2.02-billion. Service revenue rises 6% to R11.64-billion, while wholesale service revenue grows 20% to R1.76-billion. With the balance sheet reset, CEC integration complete and Cell C gaining ground in prepaid and the MVNO
Spur delivers strong results as sister brands grow & Phase 3 of government-business partnership
Stephen Grootes speaks to Spur Corporation CEO Val Nichas about the group’s strong trading performance, plans to expand its restaurant footprint across Africa, and how it is navigating a tough consumer environment while growing sales and dividends. In other interviews, Martin Kingston is the Chairperson of the B4SA Steering Committee talks about the launch of Phase 3 of the Government Busine
Spur delivers strong results as sister brands grow
Stephen Grootes speaks to Spur Corporation CEO Val Nichas about the group’s strong trading performance, plans to expand its restaurant footprint across Africa, and how it is navigating a tough consumer environment while growing sales and dividends. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, busines
DRDGOLD delivers strong earnings & Nhlanhla Nene appointed FFC chair to advise on SA’s public finances
Stephen speaks to DRDGOLD CEO Niël Pretorius about a strong FY2026 performance, with operating profit up 83% to R6.5 billion, headline earnings rising 89% to R4.3 billion and free cash flow climbing 85% to R2.3 billion. Gold production reaches 4,839kg, while the company remains debt-free with R2.8 billion in cash. In other interviews, speaks to Nhlanhla Nene about his appointment as cha
Absa posts record R12.8bn profit & What the new electricity pricing policy means for SA
Stephen Grootes speaks to Absa Group CEO Kenny Fihla about the bank’s record first-half performance, with headline earnings rising 8% to R12.8 billion. South African operations drive the growth, with earnings up 17% and now contributing 72% of group earnings, while Africa Regions earnings decline 10%. In other interviews, Chris Yelland, managing director at EE Business Intelligence and energ
Absa posts record R12.8bn profit as SA carries the group
Stephen Grootes speaks to Absa Group CEO Kenny Fihla about the bank’s record first-half performance, with headline earnings rising 8% to R12.8 billion. South African operations drive the growth, with earnings up 17% and now contributing 72% of group earnings, while Africa Regions earnings decline 10%. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Gr
Spar loses its chair and deputy chair amid turnaround challenges & SARB probes DA finance chief's firm
Stephen speaks to the Finance Ghost, retail analyst, about Spar’s latest leadership shake-up, with chair Mike Bosman and deputy chair Shirley Zinn resigning with immediate effect, what the departures mean for a retailer already under pressure, the challenges facing CEO Reeza Isaacs and the group’s turnaround strategy. In other interviews, Khabelo Khumalo, Deputy editor at Business
The Best of the Money Show: Leadership, values & the job-hop era
Stephen Grootes spoke to Funeka Montjane about her leadership journey and the values that have shaped her career, Bronwyn Williams about Making a Life by Hannah J. Dawson and the realities facing young men on Johannesburg’s urban margins, Lindiwe Sebesho about the rise of job-hopping and its impact on careers and employers, and Garth de Klerk about the growing threat of organised i
SAA acting CEO put on immediate special leave & the AI accountability gap in SA’s financial sector
Stephen Grootes speaks to Dr Guy Leitch, aviation analyst, about SAA’s latest leadership upheaval and the impact of repeatedly changing CEOs. With the airline now having gone through five CEOs since 2020, the focus is on what this turnover means for continuity, long-term strategy, commercial deals and the day-to-day running of a national carrier that needs stability to rebuild. In other inte
Standard Bank hits record R26.1bn half-year earnings and CPT port gears up for fruit export peak
Stephen speaks to Sim Tshabalala, Standard Bank Group CEO, about the bank’s record first-half performance, with headline earnings rising 10% to R26.1 billion and return on equity reaching 19.8%. Africa Regions contribute 40% of group headline earnings, while South Africa delivers R13.4 billion, as Standard Bank points to stronger client-led growth, lower credit losses and disciplined cost ma
Standard Bank hits record R26.1bn half-year earnings
Stephen speaks to Sim Tshabalala, Standard Bank Group CEO, about the bank’s record first-half performance, with headline earnings rising 10% to R26.1 billion and return on equity reaching 19.8%. Africa Regions contribute 40% of group headline earnings, while South Africa delivers R13.4 billion, as Standard Bank points to stronger client-led growth, lower credit losses and disciplined cost ma
SA launches Electronic Travel Authorisation platform, and Government moves to tighten trust laws
Stephen Grootes speaks to Home Affairs Minister Leon Schreiber about the launch of South Africa’s new Electronic Travel Authorisation (ETA) platform, its potential impact on tourism and visitor arrivals, and how digital solutions can help streamline travel into the country. In other interviews, Steven Powell, Head of ENS’ Forensics practice talks about why trusts present a heightened m
SA launches Electronic Travel Authorisation
Stephen Grootes speaks to Home Affairs Minister Leon Schreiber about the launch of South Africa’s new Electronic Travel Authorisation (ETA) platform, its potential impact on tourism and visitor arrivals, and how digital solutions can help streamline travel into the country. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the lates
FSCA probes trade market manipulation & Tensions grow between Eskom board and Presidency over unbundling
Stephen Grootes speaks to Alex Pascoe, FSCA, Departmental Head of Market Abuse, about the regulator’s investigation into an alleged market manipulation tactic where traders use tiny share trades to influence prices and profit from much larger derivative positions. In other interviews, Dr Mpumelelo Mkhabela, political analyst talks about the growing tensions between the Presidency and Eskom&r
Why PMBs are failing medical aid members & Women gain ground on boards but lag in executive roles
Stephen Grootes speaks Katlego Mothudi, Managing Director of the Board of Healthcare Funders about why South Africa’s Prescribed Minimum Benefits (PMB) system is outdated, overpriced, and increasingly out of reach for many medical scheme members, and what reforms are needed to fix it. In other interviews, Kwanele Ngogela, Head of Social Impact at Just Share talks about the persistent gender
The Best of the Money Show: SA shoppers frustrated, family firms pressured
Stephen Grootes spoke to Nonku Pitje about her leadership journey at Discovery and building high-performing teams, Lee Soobrathi about why online shopping remains South Africa’s biggest consumer complaint, Advaita Naidoo about the leadership and succession challenges facing family businesses, and Claire Swanson about growing ARK Provisions from a home kitchen into a Checkers confectionery su
AgriSA warns SA is falling behind on trade & Eskom warns against rushing transmission asset transfer
Stephen Grootes speaks to Jolanda Andrag, Chief Operating Officer at Agri SA, about why trade access and tariffs have become critical to South Africa’s agricultural growth. With record agricultural exports and major investment already going into farms, packhouses and processing infrastructure, AgriSA argues that government needs to prioritise market-access negotiations and close tariff gaps
Iran-Oman talks could redefine access to the Gulf & SA citrus exports hold firm amid Middle East war
Stephen Grootes speaks to Timothy Walker, Senior Researcher on Maritime Security at the Institute for Security Studies, about reports that a proposed agreement involving Iran and Oman could give Tehran greater control over inbound shipping through the Strait of Hormuz. In other interviews, Paul Hardman, Chief Operating Officer of the Citrus Growers’ Association of Southern Africa talks
How partnerships are powering SAA's comeback & new electricity pricing rules promise greater transparency
Stephen Grootes speaks to Matshela Seshibe, Acting Group CEO of South African Airways, about the airline's strategy of expanding its global footprint through partnerships with leading international carriers. Following the strengthening of its agreements with Emirates and Turkish Airlines, SAA is widening access to domestic, regional and international destinations without adding aircraft to its own
Nedbank's expansion strategy gains traction and AARTO rollout sparks rise in fake traffic fine scams
Stephen Grootes speaks to Jason Quinn, Chief Executive of Nedbank Group, about the bank's half-year results and the strategy driving its next phase of growth. From the acquisitions of iKhokha and a majority stake in Kenya's NCBA, to accelerating digital banking, AI adoption and stronger lending growth, Nedbank says the bold strategic decisions it made over the past year are beginning to pay off. I
Petrol drops, Diesel Climbs; The sweet success of Claire’s ARK at Checkers
Stephen Grootes speaks to Kevin Lings, Chief Economist at Stanlib, about the mixed August fuel price adjustment, which sees petrol prices drop by 52 cents a litre while diesel increases by up to R1.38 a litre, driven by changes in global oil prices, supply constraints, exchange rate movements, and a lower slate levy. In other interviews, we look at how Claire Swanson, founder of ARK Provisions, ma
The Best of The Money Show: Cut bank fees, close the learning gap
Stephen Grootes spoke to Prof Jan Havenga about his influential career in logistics, Wendy Knowler about how questioning bank fees can lead to substantial savings, Warren Ingram about the realities and risks of investing in rental property, and Michael Gullan about the growing learning crisis confronting professionals and organisations in a rapidly changing world. The Money Show is a podcast hoste
Operation Vulindlela gains momentum and SA's biggest wind project officially launched
Stephen Grootes speaks to Rudi Dicks, Head of Operation Vulindlela in the Presidency, about the programme's latest quarterly progress report and whether South Africa's long-promised structural reforms are finally translating into real economic gains. From electricity and freight rail to water, visas, housing and digital government, Operation Vulindlela says key reforms are gathering pace. In other
The future of the PIC under new leadership & Central Banks slow gold buying in 2026
Stephen Grootes speaks to Xhanti Payi, economist and strategist at Inani Strategies about the governance crisis at the Public Investment Corporation, the appointment of a new board, and what the leadership shake-up could mean for investor confidence and the management of South Africa’s R3.7 trillion public pension fund. In other interviews, Juan Carlos Artigas, the Global Head of Research at
Valterra pays out R15bn in interim dividend & Jhb commercial property carries nearly R200bn discount
Stephen Grootes speaks to Valterra Platinum CEO Craig Miller about the company’s exceptional first-half results, including a 1 633% surge in headline earnings, a R15 billion interim dividend, and the factors driving the strong recovery in the platinum group metals market. In other interviews, Will Harris, CEO of Gmaven talks about new research showing that differences in governance and servi
Kumba sees 41% profit decline and Godongwana frees up withheld municipal funds
Stephen Grootes speaks to Mpumi Zikalala, CEO of Kumba Iron Ore, about the miner’s 41% drop in half-year profit, driven by a stronger rand, weaker iron ore prices, rising operating costs, and shifting demand from key export markets. In other interviews, Miyelani Holeni, Municipal Governance Expert talks about National Treasury’s decision to release R7.1 billion in previously withheld m
Why freezing municipal funds won't fix local government and who will lead the PIC now?
Stephen Grootes speaks to independent economist and fiscal policy specialist Thando Ngozo about whether Treasury's decision to withhold funding from 69 municipalities tackles the real problem in local government. While the move aims to enforce financial discipline, does it overlook deeper structural issues around municipal funding, governance and service delivery? In other interviews, Songezo Zibi
The Best of The Money Show: After-sales stress & market scares
Stephen Grootes spoke to Wendy Knowler about a Chery SUV customer complaint, Dr Mark Nasila about AI’s growing impact, Warren Ingram about staying invested during market volatility, and Feroz Basa and Viv Govender about how AI and algorithmic trading are reshaping financial markets. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores
PIC showdown heads to parliament and the World Cup sponsorship machine explained
Stephen Grootes speaks to Lumkile Mondi, Senior Lecturer at the School of Economics and Business Science at Wits University, about Deputy Finance Minister David Masondo’s resignation as chair of the Public Investment Corporation (PIC) and his decision to take his concerns about Finance Minister Enoch Godongwana’s conduct in the PIC governance crisis to Parliament. In other intervi
Reserve Bank holds rates at 7% & Government pushes TikTok to pay South African creators
Stephen Grootes speaks to Citi South Africa economist, Gina Schoeman about the South African Reserve Bank’s decision to leave the repo rate unchanged at 7%, the inflation risks facing the economy, and what the MPC’s cautious stance means for growth, consumers and the outlook for interest rates. In other interviews, Communications Minister Solly Malatsi talks about the governm
CPI surges ahead of key Reserve Bank decision & Pepkor's R21bn fintech bet and IPO ambitions
Stephen Grootes speaks to Sanisha Packirisamy, Chief Economist at Momentum Investments, about South Africa's inflation unexpectedly accelerating to 5% in June, driven largely by surging fuel prices following renewed geopolitical tensions in the Middle East. In other interviews, banking analyst Kokkie Kooyman talks about Pepkor's decision to merge Flash and Shop2Shop into a new fintech platfor
The economic cost of sustained high oil prices & foreign buyers surge as young buyers fade
Stephen Grootes speaks to Kevin Lings, Chief Economist at Stanlib, about the economic consequences of a prolonged period of elevated oil prices. Renewed tensions in the Middle East have reignited concerns that fuel-importing economies, particularly across Africa, may be forced to keep interest rates higher for longer as inflationary pressures persist. In other interviews, Hayley Ivins-Downes,
New bid to revive Cape Town port terminal and does seizing corrupt assets really work?
Stephen Grootes speaks to Andrew Pike Head Of Bowmans Ports, Transport And Logistics, about Transnet’s move to seek a private-sector partner for Cape Town’s multipurpose port terminal, and what it could mean for port efficiency, trade flows and South Africa’s broader logistics reform agenda. In other interviews, Stephen speaks to Chad Thomas, CEO at IRL Forensic In
The Best of the Money Show: The art of betting big & working less
Stephen Grootes speaks to Norman Motsepe about building Essence Hair Care, Graeme Codrington about rethinking the five-day work week, Lincoln Mali about his journey from adversity to business leadership, and Dr William Wright about how top investors manage risk and decide how much to bet. The Money Show is a podcast hosted by well-known journalist and radio
Steel crisis prompts WTO appeal & the growing influence of corporate lobbying on public policy
Stephen Grootes speaks to Dr Saul Levin, Executive Director at economic policy research institute, Trade and Industrial Policy Strategies, about South Africa’s push for a new WTO safeguard to shield the struggling steel industry from a surge of imports, as manufacturers grapple with mounting job losses, shrinking production capacity, and growing concerns over the sector’s lon
African Bank plans to cut 1,200 jobs in major overhaul & Eskom Green approved for liftoff
Stephen Grootes speaks to Stuart Theobald, Executive Chairman of Krutham, about African Bank's sweeping restructuring plan after the lender announced it could cut up to 1,200 jobs and close around 90 branches. Following a series of acquisitions, mounting losses, and a leadership shake-up, the bank is under pressure to restore profitability and reset its long-term strategy. In other interviews, Riv
New CEO, board exits and an FSCA probe at PIC & Steel industry under pressure from weak local demand
Stephen Grootes speaks to Khaya Sithole, CA(SA) and Director at Corusca Consulting, about the growing governance crisis at the PIC following the Financial Sector Conduct Authority's decision to launch an investigation into the asset manager over concerns relating to governance and institutional integrity. In other interviews, CEO of SEIFSA Tafadzwa Chibanguza talks about how weak local deman
PIC CEO and CIO suspended amid probe & ITAC keeps frozen vegetable import tariff unchanged
Stephen Grootes speaks to Frans Baleni, Chair of the Government Employees Pension Fund, about the Public Investment Corporation’s decision to place CEO Patrick Dlamini on precautionary suspension amid whistleblower allegations, and what the latest leadership turmoil means for governance and accountability at the R3.6 trillion fund. In other interviews, Ayabonga Cawe, Chief Commissioner of th
Govt plans mandatory fuel reserves to prevent supply crises & De Beers hits pause at Venetia mine
Stephen Grootes speaks to Avhapfani Tshifularo, CEO of the Fuel Industry Association of South Africa, about the government's proposed Strategic Petroleum Stock Policy and what it could mean for the country's fuel security. In other interviews, David Van Wyk, mining analyst talks about De Beer’s decision to pause production at its Venetia mine in Limpopo for two years, what the move means for
The Best of the Money Show: Why cellphone bills jump after contracts end & the business of fixing SA's cars
On The Money Show this week, we spoke to Ian Mann, MD of Gateways Business Consultants, who reviewed How to Not Know by Simone Stolzoff; Warren Ingram, financial adviser and co-founder of Galileo Capital, about the common short-term insurance pitfalls facing South Africans; Consumer Ninja Wendy Knowler about why some South African cellphone customers face steep bill increases when their contracts
Govt pushes fuel stockpiles to avert crises & SA's chocolate market unpacked
Ray White speaks to Dr Ernst van Biljon, Head Lecturer, Supply Chain Management, IMM Graduate School about the government's proposed overhaul of South Africa's fuel security strategy, which could introduce mandatory fuel stockholding, emergency supply measures and, in extreme scenarios, fuel rationing. In other interviews, Andrew Fulton, Director at Eighty20 talks about what South Africa's chocola
South Africa’s manufacturing output falls 4.3% y/y & Rail reform starts delivering results
Ray White speaks to Takatso Sello, Senior Manager: Manufacturing at Nedbank Business and Commercial Banking, about the latest manufacturing production figures, which show the sector remains under pressure. Manufacturing output fell 4.3% year-on-year in May, weighed down by declines in food and beverages, metals, machinery, and paper products. In other interviews, Gavin Kelly, CEO of the Road
US-Iran truce collapses and the reality of retail wages in South Africa
Ray White speaks to Donald MacKay, Director at XA International Trade Advisors, about the collapse of the fragile truce between the US and Iran and what renewed tensions mean for global trade, supply chains and South Africa's economy. In other interviews, Nicole Martens, Executive Director at Just Share talks about why unskilled retail workers continue to bear the brunt of low pay in South Af
ADNOC to acquire Shell stations in $1Bn deal & FSCA reports R8.3bn in unpaid pension contributions
Ray White speaks to Ali Siddiqi, Chief Financial Officer at ADNOC Distribution, about the company's definitive agreement to acquire Shell Downstream South Africa in a deal valued at approximately $1 billion (R16 billion). The acquisition includes Shell's network of 580 fuel stations, as well as its wholesale fuel, aviation and lubricants businesses, and forms part of ADNOC Distribution's strategy
BLSA rejects Mteto Nyati's interference claims & who owns AI-generated content in South Africa
Stephen Grootes speaks to Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso after she rejected Eskom Board Chair Mteto Nyati's claims that organised business is guilty of the same political interference it has long criticised. Nyati argues that BLSA and BUSA sought political intervention in Eskom's unbundling process, while Mavuso insists business is simply calling for the government to
Mteto Nyathi on power, influence and accountability & The The business of Durban July
Stephen Grootes speaks to Eskom Chair Mteto Nyathi, about his argument that South Africa’s political and business elite sometimes lack consistent accountability which is essential to restoring public trust and protecting good governance. In other interviews, Stephen Marshall, Race Coast Head of Major Events, Broadcast and Marketing talks about the economic impact of the Durban July happening
South32 sells aluminium arm to Alcoa and FAIS Ombud warns of rising online trading complaints
Stephen Grootes speaks to Miningmx Editor, David McKay about South32’s $4.1 billion sale of its aluminium business to Alcoa, what the deal means for the future of Hillside, and the company’s strategic shift toward copper and other base metals. In other interviews, Advocate John Simpson, the FAIS Ombud, about the growing number of complaints linked to online day trading
Fuel price relief eases inflation pressure & what today's shutdown means for business
Stephen Grootes speaks to Isaah Mhlanga, Chief Economist and Head of Research at RMB, about the sharp drop in fuel prices driven by lower global oil prices and a stronger rand, what’s behind the improved supply outlook following the US Iran agreement, and what this relief at the pumps means for inflation, consumer finances and the outlook for interest rates. In other interviews, Al
Naspers on AI, growth and record earnings & what another wave of unrest would cost SA
Stephen Grootes speaks to Nico Marais, CFO of Naspers and Prosus, about the group's record 2026 financial results, driven by strong earnings growth, AI-led innovation and Takealot's first full year of profitability. In other interviews, Mpumi Tyikwe, CEO of Sasria talks about whether South Africa is better prepared to prevent another wave of destructive civil unrest, the lessons learnt from t
The Best of the Money Show: Influencer boom, leadership burnout
Stephen Grootes speaks to Christina Castle about teaching children to invest, Pieter Groenewald about the rise of influencer marketing, Penelope Meniere about leaders stepping away from management, and Dr William Wright with Kearabilwe Nonyana about how trading execution shapes investment success. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He
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