
SAfm Market Update with Moneyweb
The SAfm Market Update with Moneyweb delivers breaking business news, expert analysis, and investment insight to help listeners understand the markets. Presented by distinguished financial analyst Jimmy Moyaha, the programme is broadcast Monday to Thursday nationwide on SAfm (104 – 107fm) between 18:00 and 19:00. It aims to make sense of market movements and provide actionable investment perspectives.
Episodes

Market Watcher: No panic in the markets
David Shapiro of Otto1890 unpacks the weaker rand and JSE losses, led by mining
counters amid falling commodity prices. He discusses today’s CPI print, the
downward GDP revision and the MPC’s 25-basis-point interest rate hike. Despite
higher Brent crude prices, Shapiro says markets remain stable and expects the rand
to hold above R16.40 to the US dollar. SAfm Market Update - Podcasts and live stre
![[FULL SHOW] MPC decision, US-SA diplomacy, and the future of safer mobility](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] MPC decision, US-SA diplomacy, and the future of safer mobility
This evening, we unpack the latest market movements with Otto1890, explore the future of US-SA relations with Mistra, celebrate the fourth Hall of Femme Awards with IWFSA, examine behavioural biases and investment decisions with Allan Gray, profile the entrepreneurial journey of Bravo Afrika Holdings in our SMME feature, and in our Executive Lounge, we speak to Bobby Ramagwede of the Automobile As

Beyond the Mbeki debate: where does US-SA diplomacy go next?
Na'eem Jeenah – Senior researcher, the Mapungubwe Institute for Strategic Reflection SAfm Market Update - Podcasts and live stream

Mind the gap: Avoiding behavioural traps in changing markets
Dr Horacia Naidoo-McCarthy – Manager of institutional clients team, Allan Gray SAfm Market Update - Podcasts and live stream

SMME: Carving out space in SA’s corporate supply market
Gabuka Booi – Founder, Bravo Afrika Holdings SAfm Market Update - Podcasts and live stream

Legacy in Motion: IWFSA celebrates women leaders shaping the future
Nene Molefi – Chair: Leadership development committee, IWFSA SAfm Market Update - Podcasts and live stream

Executive Lounge: championing leaders for safer mobility
Bobby Ramagwede – CEO, Automobile Association of South Africa SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Balwin delists, NBCRFLI responds, and SA’s F1 ambitions](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Balwin delists, NBCRFLI responds, and SA’s F1 ambitions
Tonight, we round up the day’s market moves with FNB Wealth and Investments, unpack the NBCRFLI’s response to questions about its financial management, discuss the future plans of property company Balwin Properties following its JSE delisting, examine who should be responsible for preparing graduates for the local economy with Eduvos, and in our AgriFocus segment, we take a closer look at efforts

Markets: Cautious outlook ahead of MPC meeting
FNB Wealth and Investments’ Chantal Marx discusses expectations of an interest rate hike at the upcoming MPC meeting, Brent crude prices, US-Iran talks and market sentiment. She also looks at the JSE’s 1% gain, Naspers and Prosus’ performance, and how the rand could respond to the MPC decision. SAfm Market Update - Podcasts and live stream

The bid to bring F1 racing to South Africa
Neal Froneman – Executive chair, Blue Mountain Racing SAfm Market Update - Podcasts and live stream

Balwin closes chapter as listed company after 11 years
Steve Brookes – CEO, Balwin Properties SAfm Market Update - Podcasts and live stream

NBCRFLI addresses concerns over workers’ fund finances
Amos Tshabalala – Spokesperson, NBCRFLI SAfm Market Update - Podcasts and live stream

Who is responsible for preparing graduates for the SA economy?
Dr Mandi Joubert – Chief academic officer, Eduvos SAfm Market Update - Podcasts and live stream

AgriFocus: Can SA’s olive industry compete globally?
Thabile Nkunjana – Senior economist, National Agricultural Marketing
Council SAfm Market Update - Podcasts and live stream

Market Watcher: JSE joins global markets in the green
Warren Buys of Private Client Holdings discusses the upcoming MPC decision on local
interest rates, the latest CPI data, rand performance and structural reforms. He also looks at
the JSE’s gains, US markets, ratings agencies and the outlook for company earnings, and the
US midterm elections. SAfm Market Update - Podcasts and live stream

Itac considers higher duties on a range of steel products
Ayabonga Cawe – Chief commissioner, Itac SAfm Market Update - Podcasts and live stream

Remgro’s portfolio transformation delivers stronger performance
Neville Williams – CFO, Remgro Limited SAfm Market Update - Podcasts and live stream

Transparency questions mount over R2.59bn in workers’ funds
Arnoux Maré – Managing director, Innovative Staffing Solutions SAfm Market Update - Podcasts and live stream

Cable theft: Is SA tough enough on critical infrastructure crime?
Wayne Duvenage – CEO, Outa SAfm Market Update - Podcasts and live stream

Digital Drive: Apple’s foldable iPhone gamble takes a back seat
Nafisa Akabor – Tech journalist and founder, Recharged.co.za SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Remgro dividends, workers’ fund under scrutiny, and cable theft sanctions](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Remgro dividends, workers’ fund under scrutiny, and cable theft sanctions
This evening, we round up the day’s market movements with Private Client Holdings, unpack Remgro’s dividend-driven results, discuss proposed higher duties on steel products with Itac, explore what sanctions are needed to tackle cable theft with Outa, examine concerns surrounding freight workers’ funds with Innovative Staffing Solutions, and, in our Digital Drive segment, we discuss the latest Appl

Market Watcher: Brent crude stays above $100
Nick Kunze of Sanlam Private Wealth discusses the US Fed’s decision to hike interest rates, Brent crude staying above $100 a barrel, oil supply risks and the market response. He also looks at the JSE, local bonds, the rand’s resilience against major currencies and whether global flows could boost emerging markets. SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Momentum’s India deal, Maputo Corridor expansion, and ManeliPets](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Momentum’s India deal, Maputo Corridor expansion, and ManeliPets
This evening, we wrap up the market movements with Sanlam Private Wealth,
unpack Momentum’s strong results and India acquisition, examine the expansion of the Maputo Corridor in southern Africa with African Infrastructure Investment Managers, explore efforts to support the digitalisation of the SMME ecosystem with Mastercard, share insights into the outlook for African real estate with Standard Ba

Momentum credits impact strategy for 13% earnings growth
Jeanette Marias – CEO, Momentum Group SAfm Market Update - Podcasts and live stream

Building sustainability in the local SMME environment
Shabir Ahmed – Senior vice president: Customer solutions center lead in Africa,
Mastercard SAfm Market Update - Podcasts and live stream

Maputo expansion puts SA freight flows in focus
Mpho Mutloane – Investment Principal, African Infrastructure Investment
Managers SAfm Market Update - Podcasts and live stream

API Summit: Influencing the outlook for African real estate
Niyi Adeleye – Head: Real Estate Finance in Africa, Standard Bank CIB SAfm Market Update - Podcasts and live stream

SMME: Providing better treat alternatives for your pet
Nhlanhla Dlamini – Founder and CEO, ManeliPets SAfm Market Update - Podcasts and live stream

Market Watcher: Equities recover losses
David Shapiro of Otto1890 discusses the US Federal Reserve’s upcoming rate decision, China-US tensions over AI and the recovery in global equity markets, supported by strong US corporate earnings. He also looks at commodity prices and Pan African Resources’ annual results. SAfm Market Update - Podcasts and live stream
![[FULL SHOW] African Bank leadership reset, US-SA relations and Executive Lounge with Zoe Molapisi](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] African Bank leadership reset, US-SA relations and Executive Lounge with Zoe Molapisi
This evening, we round up the latest market movements with Otto1890, unpack
leadership reset with African Bank Group, explore the latest developments in US-SA relations with Brooks Spektor, explore the importance of Wills in protecting families with Lamola Attorney and, in our Executive Lounge, we speak to Zoe Molapisi of ZMG Capital. SAfm Market Update - Podcasts and live stream

African Bank Groups rings in changes to clear path for future
Thabo Dloti – Board chairperson, African Bank Group SAfm Market Update - Podcasts and live stream

What your will does not cover
Alfred Mahlangu – Attorney, Lamola Attorneys SAfm Market Update - Podcasts and live stream

US visa restrictions challenges strained SA relations
Brooks Spektor – Retired US diplomat and Associate Editor, Daily Maverick SAfm Market Update - Podcasts and live stream

Executive Lounge: leading entrepreneurship with purpose
Zoe Molapisi – Group CEO and founder, ZMG Capital SAfm Market Update - Podcasts and live stream
![[FULL SHOW] NDB $1bn loan, prescribed benefits reform, and automotive masterplan](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] NDB $1bn loan, prescribed benefits reform, and automotive masterplan
Tonight, we round up the day’s market moves with WealthStrat, unpack Attacq’s double-digit growth in the commercial long-term property market, examine the latest National Treasury and New Development Bank loan agreement with Wits Business School, discuss the review of prescribed minimum benefits with the Council for Medical Schemes, and look at protections for the local automotive industry with Mi

Markets: Tech stocks under pressure
Victoria Reuvers of WealthStrat discusses higher oil prices, rising bond yields and a stronger US dollar, as well as weaker US markets amid AI concerns. She also looks at the upcoming US Fed meeting, gold prices and the case for emerging markets and diversification. SAfm Market Update - Podcasts and live stream

Weighing the case for $1bn municipal infrastructure loan
Dr Lumkile Mondi – Lecturer, Wits Business School SAfm Market Update - Podcasts and live stream

Attacq Limited keeps double-digit growth on track
Peter de Villiers – CFO, Attacq Limited SAfm Market Update - Podcasts and live stream

Medical Aid Costs: Can prescribed minimum benefits reform bring relief?
Dr Samantha Iyaloo – Public health specialist, Council for Medical Schemes SAfm Market Update - Podcasts and live stream

SA’s auto industry: Is the playing field level?
Phakamile Hlubi Majola – Spokesperson, Misa SAfm Market Update - Podcasts and live stream

Property Insights: How to hedge against risk on your short-let property
Nick Taylor – Managing director, Nox Cape Town SAfm Market Update - Podcasts and live stream

Personal Finance: What steps should indebted consumers take before December arrives?
Rene Moonsamy – Director, National Debt Counsellors SAfm Market Update - Podcasts and live stream

Active and passive investing – better together
Natalie Phillips – Deputy managing director, NinetyOne SAfm Market Update - Podcasts and live stream

Employers face tougher compliance on pension contributions
Naeem Essop – Deputy Pension Funds Adjudicator SAfm Market Update - Podcasts and live stream

DBSA eyes critical minerals infrastructure
Boitumelo Mosako – CEO, Development Bank of Southern Africa SAfm Market Update - Podcasts and live stream

Idle assets come at a cost – sometimes higher than borrowing
Shane van der Merwe – Head: Technology finance, Merchant West SAfm Market Update - Podcasts and live stream

Market Watcher: Rand weakness and oil prices fuel uncertainty
Kyle Furlong of Rand Swiss discusses Brent crude above $100 a barrel, shifting sentiment around AI stocks and the fallout from Anthropic CEO comments. He also examines the impact of higher oil prices on businesses and consumers, upcoming central bank meetings in the US, Japan and UK, and how interest-rate decisions could affect the rand. SAfm Market Update - Podcasts and live stream
![[FULL SHOW] DBSA’s record profit, tougher employer compliance, and tackling consumer debt](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] DBSA’s record profit, tougher employer compliance, and tackling consumer debt
This evening, we round up the day’s market movements with Rand Swiss, unpack DBSA’s strong results, discuss tighter employer compliance on pension contributions with the Pension Funds Adjudicator, explore why idle assets can cost more than borrowing with Merchant West, examine active and passive investment options with Ninety One, and in our Personal Finance segment, we discuss the steps consumers
![[FULL SHOW] FirstRand UK loss, Lesaka’s comeback, and Lucky Bread Company](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] FirstRand UK loss, Lesaka’s comeback, and Lucky Bread Company
This evening, we unpack FirstRand’s results, examine the growing international ventures highlighted in the OUTsurance results, explore what matters in legacy planning with Liberty, celebrate a major milestone for Lesaka Technologies, and, in this week’s SMME feature, we follow the entrepreneurial journey of Lucky Bread Company. SAfm Market Update - Podcasts and live stream

OUTsurance earnings climb 18.5% as momentum continues
Marthinus Visser – Group CEO, OUTsurance SAfm Market Update - Podcasts and live stream

FNB and RMB fuel FirstRand growth despite UK setback
Mary Vilakazi – CEO, FirstRand Group SAfm Market Update - Podcasts and live stream

Legacy planning: What happens to your money when you die?
Siphokazi Sobazile – Senior specialist: Legal marketing, Liberty SAfm Market Update - Podcasts and live stream

Lesaka swings into profit after landmark financial year
Lincoln Mali – CEO, Lesaka Technologies Inc SAfm Market Update - Podcasts and live stream

SMME: Baking their way to success
Alicea Malan – Founder and co-owner, Lucky Bread Company SAfm Market Update - Podcasts and live stream

Markets show temperatures are rising
David Shapiro of Otto1890 unpacks the sea of red across local and international markets, including pressure on consumer stocks such as Clicks, WeBuyCars and Cashbuild. He also discusses oil prices above $100 a barrel, the impact on interest rates and inflation, as well as positive developments in US markets, including Meta’s new AI agent and Apple’s foldable phones. SAfm Market Update - Podcasts a

Growthpoint’s property pivot starts paying off
Norbett Sasse – Outgoing Group CEO, Growthpoint Properties SAfm Market Update - Podcasts and live stream

Beyond the perfect hit rate: Making the best investment ideas count
Tim Acker – Portfolio manager, Allan Gray SAfm Market Update - Podcasts and live stream

Acsa’s recovery takes flight
Charles Shilowa – Acting CEO, Airports Company of South Africa SAfm Market Update - Podcasts and live stream

Portfolio optimisation: The secret tenant anchoring Hyprop
Brett Till – CFO, Hyprop Investments SAfm Market Update - Podcasts and live stream

Executive Lounge: From retail floor to the boardroom
Unathi Kildase – Vice president of operations, Game Africa Massmart SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Growthpoint’s property pivot, Acsa results, and Hyprop’s optimisation](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Growthpoint’s property pivot, Acsa results, and Hyprop’s optimisation
This evening, we round up the latest market movements with Otto1890, unpack Growthpoint’s property pivot, examine Acsa’s continued recovery, explore how Allan Gray turns investment ideas into returns, look at Hyprop’s boost in distributable income and, in our Executive Lounge, we speak to Unathi Kildase of Game Africa Massmart. SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Old Mutual, US financial risks, and Angola sells Standard Bank shares](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Old Mutual, US financial risks, and Angola sells Standard Bank shares
Tonight, we round up the day’s market moves with FNB Wealth and Investments, unpack Old Mutual’s latest results, discuss Poland’s new investment commitment with PIAH, examine Angola’s decision to sell its Standard Bank shares to Denker Capital, explore why countries are moving money out of the US financial system with PSG, and, in our AgriFocus segment, we take a closer look at the prospects for a

Markets: JSE holds its own
Chantal Marx of FNB Wealth and Investment unpacks the second-quarter GDP figures and the contractions in key sectors. She discusses what could drive an economic recovery, including consumer spending, lower oil prices and improved business confidence. She also looks at the strong Super Group and WBHO results, the JSE’s positive performance led by energy counters, and the rand holding below R16. SAf

Standard Bank Angola stake up for sale: Who’s buying in?
Kokkie Kooyman – Executive director, Denker Capital SAfm Market Update - Podcasts and live stream

Old Mutual sees growth in business despite lower earnings
Jurie Strydom – CEO, Old Mutual SAfm Market Update - Podcasts and live stream

Poland puts $1.1bn on the table to attract African investment
Kasia Muzyk – Head: Foreign Trade Office, Polish Investment and Trade
Agency SAfm Market Update - Podcasts and live stream

Is the US economy becoming too risky?
Johan Els – Chief economist, PSG SAfm Market Update - Podcasts and live stream

AgriFocus: Agriculture builds SADC growth trajectory
Wandile Sihlobo – Presidential envoy on agriculture and land SAfm Market Update - Podcasts and live stream

Digital Drive: Kodak camera returns in a nostalgic digital diary
Nafisa Akabor – Tech journalist and founder, Recharged.co.za SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Sun International results, ARM’s resilient portfolio, and Kodak revives nostalgia](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Sun International results, ARM’s resilient portfolio, and Kodak revives nostalgia
This evening, we round up the day’s market movements with Makwe Fund Managers,
unpack Sun International’s strong betting results, discuss the PGM rebound and African
Rainbow Minerals’ diversified portfolio, explore how to protect your wealth from inflation
with Old Mutual, and in our Digital Drive segment, we look at Kodak’s launch of the
millennium edition of the Chamera, bringing a nostalgic twi

From fuel prices to financial markets: Protecting your wealth from inflation
John Manyike – Head of financial education, Old Mutual SAfm Market Update - Podcasts and live stream

Sun International’s digital gamble pays dividends
Ulrik Bengtsson – Chief executive, Sun International SAfm Market Update - Podcasts and live stream

PGM recovery puts the shine back on ARM earnings
Phillip Tobias – CEO of African Rainbow Minerals SAfm Market Update - Podcasts and live stream

Market Watcher: Markets struggle to find direction
Makwe Masilela of Makwe Fund Managers discusses the end of the US earnings season, JSE
performance, commodities and resources. He also looks at China’s weaker-than-expected
GDP, US debt ceiling, share buybacks and the rise in Brent crude above $90 a barrel amid
heightened Gulf tensions. SAfm Market Update - Podcasts and live stream

Market Watcher: Weak US dollar favours emerging markets
Nick Kunze of Sanlam Private Wealth discusses the rand’s move below R16 to the US
dollar, stronger JSE performance and rising commodity prices. He also looks at US
market volatility, flows into emerging markets, higher oil prices and inflation risks. SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Implats’ sustainability, mandatory medical aid, and Discovery’s banking profits](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Implats’ sustainability, mandatory medical aid, and Discovery’s banking profits
This evening, we wrap up the day’s market action with Sanlam Private Wealth,
unpack Discovery Limited’s growth strategy that helped drive a 21% increase in
profits, examine the case for mandatory medical aid with the Health Funders SAfm Market Update - Podcasts and live stream

Platinum rally fuels Implats’ earnings surge
Meroonisha Kerber – CFO, Impala Platinum Holdings Limited SAfm Market Update - Podcasts and live stream

Can mandatory medical scheme membership fix affordability?
Thonesan Naidoo – CEO, Health Funders Association SAfm Market Update - Podcasts and live stream

Kasi SME National Pitch Challenge crowns winner
Lesiba Matladi – Senior manager: enterprise & supplier development, Standard Bank
CIB SAfm Market Update - Podcasts and live stream

Discovery’s big bet on banking starts paying off
Adrian Gore - Founder and CEO, Discovery Limited SAfm Market Update - Podcasts and live stream
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