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
Fuel purchases plunge 33% as motorists feel the pinch & Why global law firms are pulling back from SA
Stephen Grootes speaks to Robert Attwell, CEO of Discovery Insure, about how South African motorists are changing their driving and refuelling habits in response to rising fuel prices. New data from Discovery shows that fuel purchases dropped 33% following October's price increase, while the number of trips fell by just 6%. Motorists are buying smaller amounts of fuel more frequently, with average
The Best of The Money Show: Workplace health, the business of actuaries and SAA's cash crunch
Stephen Grootes speaks to Professor Renata Schoeman, Head of the MBA Healthcare Leadership Programme at Stellenbosch Business School, about the impact of toxic workplaces on employees' health; Katlego Thaba, Consulting Actuary and Partner at Deloitte Actuarial & Insurance Solutions, about the world of actuaries and career opportunities beyond financial services; and Mphilo Dlamini, Executive f
Dis-Chem revenue hits R23bn, but earnings fall & Binance hit by a massive cyberattack
Stephen Grootes speaks to Dis-Chem CEO Rui Morais about the pharmacy retailer's interim results, which show an 8% increase in group revenue to R23 billion, while headline earnings per share fell 12.8%. Despite pressure on profitability, Dis-Chem continues to gain market share, supported by its Better Rewards loyalty programme, which now has 8.2 million active members and has delivered R1.5 billion
Stats SA reveals SA's economy is larger than estimated & How big is SA’s cannabis industry?
Stephen Grootes speaks to Johann Els, Chief Economist at PSG Financial Services, about Statistics South Africa's revised GDP figures, which show that the country's economy is approximately 5% larger than previously estimated. The revision follows changes to how economic activity is measured, including better estimates of informal and illegal economic activity. In other interviews, agricultural eco
SA's economic reforms reach highest level since 2024 & SAA addresses concerns over its future
Stephen Grootes speaks to Busisiwe Mavuso, CEO of Business Leadership South Africa (BLSA), about renewed momentum in South Africa's economic reforms. BLSA's latest Reform Tracker has reached its highest level since monitoring began in 2024, with progress in electricity, freight logistics and financial services. However, governance reforms have slipped, efforts to tackle corruption remain stalled,
SA's economic reforms reach highest level since 2024
Stephen Grootes speaks to Busisiwe Mavuso, CEO of Business Leadership South Africa (BLSA), about progress in economic reforms, with improvements in electricity, freight and financial services, and also about how governance reforms and anti-corruption efforts remain stalled, raising concerns about a possible return to the FATF grey list. The Money Show is a podcast hosted by well-known journa
SARS turns to new technology to tackle illicit trade & Is SAA running out of money?
Stephen Grootes speaks to Professor Keith Engel, CEO of the South African Institute of Taxation, about SARS's plans to introduce banknote-style security markers on cigarettes and alcohol to crack down on illicit trade. The proposed technology would help authorities authenticate and track products, making it harder for illegal operators to evade excise duties. In other interviews, aviation expert D
South Africa ranks 51st in global pension index as retirement income gaps remain
Stephen Grootes speaks to Belinda Sullivan, Head of Corporate Consulting Strategy at Alexforbes, about South Africa retaining its C grade in the 2026 Mercer CFA Institute Global Pension Index, ranking 51st out of 55 retirement systems. They discuss what the ranking reveals about the state of South Africa’s pension system and the factors contributing to its performance. The Money Show is a po
Pick n Pay reports R299m loss despite improved trading & The evolution of SA's forecourts sector
Stephen Grootes speaks to Pick n Pay CEO Sean Summers about the retailer's latest interim results and progress in its turnaround strategy. The group has narrowed its headline loss by 31.9% to R299 million, while turnover increased 2.4% to R60.5 billion. However, Pick n Pay's core supermarket business remains under pressure, recording a R516 million trading loss, despite improved margins and tighte
The Best of The Money Show: The business of retail, retirement money and brand protection
Stephen Grootes speaks to author Steven Boykey Sidley about his book Checkmate and how Shoprite Checkers transformed itself into a retail powerhouse; Warren Ingram from Galileo Capital about the billions of rands in unclaimed retirement benefits and how South Africans can recover their money; Craig Shapiro from ENS about an Eastern Cape tuckshop ordered to stop using the Sun City name following a
SARS hands NPA over 100 cases linked to inquiries & SA joins global government website shutdowns
Stephen Grootes speaks to Charles de Wet, Tax Executive at ENSafrica, about SARS handing more than 100 cases involving individuals named in commissions of inquiry to the National Prosecuting Authority. SARS is also preparing to introduce new technology to track products such as cigarettes and alcohol in a bid to crack down on illicit trade and recover billions in lost tax revenue. In other intervi
Clicks posts R50.4bn turnover & SARB targets offshore business through a Synthetic Financial Centre.
Stephen Grootes speaks to Bertina Engelbrecht, Clicks Group Chief Executive Officer about the retailer's annual results, which saw turnover increase 5.4% to R50.4 billion, while headline earnings per share rose 4.4%. Despite pressure on consumer spending, Clicks continued expanding its pharmacy and store network, growing its ClubCard membership to 13.1 million and paying out nearly R1 billion in c
SARB’s Synthetic Financial Centre aims to bring offshore business to SA
Stephen Grootes speaks to Stuart Theobald, Executive Chairman of Krutham, about plans by National Treasury and the South African Reserve Bank to turn the country into a hub for international investment management. The proposed Synthetic Financial Centre would allow qualifying financial institutions to manage foreign investments from South Africa, potentially attracting global business, creating sk
Godongwana’s mini-budget unpacked & Famous Brands doubles cash flow despite profit pressure
Stephen Grootes speaks to Duncan Pieterse, Director-General of the National Treasury, Bobby Ramagwede, CEO of the Automobile Association and Sifiso Skenjana, economist and Managing Director of ESG Analytics about Finance Minister Enoch Godongwana's 2026 Medium-Term Budget Policy Statement. Government has announced R10 billion in temporary fuel levy relief, while stronger tax collections have
Steady finances, growing risks ahead of SA's MTBPS & Experts predict end of reliance on Hormuz
Stephen Grootes speaks to Isaac Matshego, Senior Economist at Nedbank, about what to expect from Finance Minister Enoch Godongwana's upcoming Medium-Term Budget Policy Statement. Despite pressure from rising fuel prices, inflation and global economic uncertainty, government finances have remained relatively stable, with tax collections holding up better than expected. However, slower economic grow
Personal Finance: You might have unclaimed money in a retirement fund or other investment
Stephen Grootes speaks to Warren Ingram, Certified Financial Planner at Galileo Capital, about the billions of rands in unclaimed retirement benefits and investments belonging to South Africans. More than R50 billion in retirement funds remains unclaimed, with the figure approaching R90 billion when other investments and dormant bank accounts are included. From forgotten pension funds to benefits
Investec sees a path out of junk status by 2028 & Government's R70bn back door
Stephen Grootes speaks to Osagyefo Mazwai, Investment Strategist at Investec Wealth & Investment International, about South Africa's prospects of regaining its investment-grade credit rating by 2028. Investec believes there is a better than even chance of the country escaping junk status, following recent credit rating upgrades and improvements in fiscal management. However, with government de
The Best of The Money Show: Africa's IMF debate, the future of TV and retail reinvention
Stephen Grootes speaks to Dr Grieve Chelwa about his book How the IMF Strangles Africa, PwC’s Charles Stuart about the rise of streaming and the future of traditional television, and Advertising Regulatory Board CEO Gail Schimmel about her leadership journey and career as a novelist. Plus, in How I Make My Money, Cash Converters CFO Peter Forshaw discusses the business of pawn shops an
SA to end incentives for semi knocked-down vehicle assembly & South Africa's growing golf industry
SA to end incentives for semi knocked-down vehicle assembly & South Africa's growing golf industry Stephen Grootes speaks to Siyabonga Mthembu, Audit Partner and automotive sector lead at BDO South Africa, about the government's decision to phase out incentives for automakers that import nearly complete vehicles for local assembly. The move is aimed at encouraging manufacturers to produce more
Executive pay climbs as performance bonuses soar & What kind of owner does De Beers need to survive?
Stephen Grootes speaks to Leila Ebrahimi, PwC Reward Partner about rising executive pay at South Africa’s largest listed companies. PwC’s latest Directors Remuneration and Trends report shows median CEO remuneration increased 9% to R23.2 million, while CFO pay rose 7% to R13.5 million, largely driven by performance-linked bonuses and long-term incentives. With shareholder support for e
PwC forecasts further decline for traditional TV and Is Cosatu still relevant to workers?
Stephen Grootes speaks to Charles Stuart, Africa Entertainment and Media Leader at PwC, about the changing television landscape as streaming platforms gain ground on traditional broadcasters. PwC’s Africa Entertainment and Media Outlook forecasts streaming revenue growth of 7.6% annually in South Africa through 2030, compared with 15.9% in Kenya and 20.4% in Nigeria. While traditional televi
SA milk glut triggers biggest price cuts in 10 years
Stephen Grootes speaks to Fanie Ferreira, Chief Executive Officer at the Milk Producers' Organisation (MPO), about South Africa's milk glut that has triggered the biggest price cuts in ten years. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal fina
Govt and pharma tackle manufacturing crisis & Sun International unveils Responsible Gambling Charter
Stephen Grootes speaks to Stavros Nicolaou, Chairperson of Pharmisa about President Cyril Ramaphosa’s decision to establish a government-business task force to address challenges facing the pharmaceutical industry. The intervention follows concerns that government procurement policies favour cheaper imported medicines over locally manufactured products, with Pharmisa reporting more than 2,50
Government and pharma industry unite to tackle manufacturing crisis
Stephen Grootes speaks to Stavros Nicolaou, Chairperson of Pharmisa, about President Cyril Ramaphosa’s decision to establish a government-business task force to address challenges facing the pharmaceutical industry. The intervention follows concerns that government procurement policies favour cheaper imported medicines over locally manufactured products, with Pharmisa reporting more than 2,5
Boxer turnover rises to R24.1bn & Why higher bond yields aren’t rattling equity markets
Stephen Grootes speaks to Boxer CEO Marek Masojada about the retailer’s interim results, with turnover rising 6.3% to R24.1 billion and trading profit increasing 8.1% to R1 billion. Despite constrained consumer spending and continued selling-price deflation, Boxer grew headline earnings by 9.1% and opened its 600th store. In other interviews, John Stopford, Head of Multi-Asset Income a
The Best of The Money Show: Leadership, hiring decisions, building A2X and retirement property choices
Stephen Grootes speaks to Ian Mann, Managing Director at Gateways Business Consultants, Jared Diamond’s book ‘Profits, Prophets, Coaches and Kings’, Advaita Naidoo, Africa Managing Director at Jack Hammer Global, about how fatherhood can influence male managers’ hiring and promotion decisions, Kevin Brady, CEO and co-founder of A2X Markets, shares his leadership journey and
SA seeks trade diversification & Who pays when protests turn violent and businesses are destroyed?
Stephen Grootes speaks to Kaamil Alli, Ministerial Spokesperson for the Department of Trade, Industry and Competition, about South Africa’s efforts to diversify its export markets and strengthen domestic industry. The department’s 2025/26 annual report shows industrial investment reached R31 billion against a R10 billion target, while local procurement totalled R86 billion against a ta
Africa’s minerals advantage will be won above ground & SA office vacancies fall to to 11.8%
Stephen Grootes speaks to Mzila Mthenjane, CEO of the Minerals Council South Africa, on the necessities of mining competitiveness- such as infrastructure, policies and investor’s confidence within the African Context. Africa has been notably a mineral rich continent however the attention is being shifted into what the raw material can do for business institutions, particularly those opposing
NCC launches national opt-out registry to end spam calls & Premier-RFG merger on the line
Stephen Grootes speaks to Hardin Ratshisusu, Acting Commissioner at the National Consumer Commissioner and David Dickens, CEO of the Direct Marketing Association of South Africa (DMASA) about the National Consumer Commission launching a National Opt-Out Registry to crack down on unwanted spam calls. The NCC has published draft guidelines under the Consumer Protection Act that will require all dire
Fuel prices surge as govt weighs action & SA cracks down on independent repair barriers
Stephen Grootes speaks to Karabo Tjale, EWN Traffic Reporter, Bobby Ramagwede, CEO of the Automobile Association and Sanisha Packirisamy, Group Economist at Momentum about whether the government should provide temporary tax relief as sharply higher fuel prices put renewed pressure on households and businesses. With petrol prices rising by more than R3 a litre in October, the debate is over whether
Santam set to leave the JSE in Sanlam buyout & Durban port delays and the future of the RAF levy
Stephen Grootes speaks to Andrew Bahlmann, CEO of Deal Leaders International about Sanlam’s proposed buyout of Santam’s remaining shares for R505 a share, a 26.6% premium to Santam’s 2 October closing price. Sanlam, which already owns about 63% of Santam, wants to take the insurer fully private and delist it from the JSE, A2X and Namibian Stock Exchange. The deal still requires s
The Best of The Money Show: Workplace venting, AI and jobs, rebuilding a business and lessons in leadership
Stephen Grootes speaks to Siphiwe Moyo, Organisational Behaviour Specialist, about workplace venting and emotional dumping; Carlo Murison, CEO and Founder of Two Tone Global, about rebuilding his creative agency and expanding into Kenya; Cobus Venter, Senior Economist at the Bureau for Economic Research, about AI’s impact on jobs; and Parmi Natesan, CEO of the Institute of Directors in South
Cosatu pushes Parliament for R10bn fuel bailout & Joburgers invited to capture the city
Stephen Grootes speaks to Matthew Parks, COSATU Parliamentary Coordinator on Cosatu's call for Parliament to pass a special appropriation bill that would make R10Bn available to assist with rising fuel prices. In other interviews, Dawn Robertson, Visitor & Creative Economy Catalyst: Jozi My Jozi talks about 24 Hour Jozi, a city-wide photography project giving Joburgers the chance to document t
The rising cost of healthcare in SA & How criminals impersonate executors to steal inheritances
Stephen Grootes looks at rising healthcare costs in South Africa, from the 2.88% medicine price increase to medical aid hikes of up to 8.9% for 2027. Stavros Nicolaou, Chairperson of Pharmisa, Katlego Mothudi, Managing Director at the Board of Healthcare Funders, and Dr Ron Whelan, CEO of Discovery Health, unpack what is driving these increases, the pressure on the healthcare sector and what they
PIC assets grow 20% to R3.66trn Capitec’s fully banked clients rose 11% to 10.4 million
Stephen Grootes speaks to Patrick Dlamini, CEO of the Public Investment Corporation about the PIC’s 2025/26 performance, with assets under management rising 20% to R3.657 trillion despite R172 billion in net client outflows. The PIC’s net profit also increased 70% to R869 million, while its major client portfolios delivered strong returns against their CPI+ targets. In other inte
PIC assets grow 20% to R3.66trn as profit jumps 70%
Stephen Grootes speaks to Patrick Dlamini, CEO of the Public Investment Corporation, about the PIC’s 2025/26 performance, with assets under management rising 20% to R3.657 trillion despite R172 billion in net client outflows. The PIC’s net profit also increased 70% to R869 million, while its major client portfolios delivered strong returns against their CPI+ targets. The Money Show is
Shein’s SA threat and how local retailers are fighting back & Should the govt subsidise fuel?
Stephen Grootes speaks to Bronwyn Williams, Retail Analyst, about Shein’s shrinking profit margin and its move towards higher-priced clothing. When Shein entered South Africa, there were fears its ultra-cheap fast fashion model would seriously disrupt local clothing retailers. But that hasn’t happened to the extent many expected. What protected local retailers, and does Shein’s l
Gold Fields pursues $27bn Northern Star deal and US influence wanes, China & EMs rise
Stephen Grootes speaks to David McKay, Miningmx Editor, about Gold Fields’ A$38.7 billion ($27 billion) takeover bid for Australian gold miner Northern Star Resources after its board unanimously rejected the proposal. Gold Fields says it intends to press ahead with the deal, which would create the world’s second-largest gold producer with annual output of about 4.1 million ounces. 
The Best of The Money Show: Trump-Xi talks, trade tensions and AI’s growing role in managing your money
Stephen Grootes spoke to John Manyike about how AI is reshaping personal finance, spoke to Kingsley Makhubele about the shifting balance of power ahead of the Trump-Xi talks, while Ray White spoke to Wendy Knowler about the challenges of cancelling a Clientèle Perks subscription and to Dr Guy Leitch about a career defined by reinvention, risk-taking and following his passions. The Money Sho
What the Trump-Xi summit means for global power & Why SA’s SMMEs are struggling to scale
Motheo Khoaripe speaks to Professor David Monyae, Professor of Political Science and International Relations at UJ and Director of the Centre for Africa-China Studies, about the latest Trump-Xi summit in Washington and what it means for the US-China relationship. The two leaders are seeking greater stability, with their trade truce extended, but major differences remain over Taiwan, Iran, trade an
SA govt turns to private sector to boost FMD vaccine supply
Ray White speaks to Thabile Nkunjana, Agricultural Economist, about the latest move to bring private manufacturers into the production of South Africa’s Foot-and-Mouth Disease vaccine and what it could mean for farmers dealing with an ongoing outbreak. Qualifying companies will be allowed to use the Agricultural Research Council’s intellectual property to manufacture its locally develo
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
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