
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
![[FULL SHOW] Nene chairs FFC, Spur results, and keeping SMMEs moving](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Nene chairs FFC, Spur results, and keeping SMMEs moving
This evening, we wrap up the day’s market action with Sanlam Private Wealth, speak
to the new chair of the Financial and Fiscal Commission, unpack Spur Group’s latest
results, explore Standard Bank’s collaboration with Home Affairs on smart IDs,
examine Exxaro’s strong mining performance, and, in this week’s SMME feature, we
follow the entrepreneurial journey of Mobalyz. SAfm Market Update - Podca

Market Watcher: Edging closer to the R15 milestone
Nick Kunze of Sanlam Private Wealth unpacks the US Treasury’s buyback operations,
rising US debt and the outlook for the dollar. He also discusses inflation concerns,
commodity performance and the rand, now just 11c away from breaking through the
R15 milestone.
Nick Kunze – Senior portfolio manager, Sanlam Private Wealth SAfm Market Update - Podcasts and live stream

Back at the centre of public finance
Nhlanhla Nene – Chairperson, Financial and Fiscal Commission SAfm Market Update - Podcasts and live stream

Spur Group serves up another strong year
Val Nichas – CEO, Spur Group SAfm Market Update - Podcasts and live stream

Standard Bank brings Home Affairs closer with 100 branches
Marius le Roux – Head: Fraud operations, client experience and risk execution, Standard Bank SA SAfm Market Update - Podcasts and live stream

Diversification pays off in Exxaro performance
Ben Magara – CEO, Exxaro SAfm Market Update - Podcasts and live stream

SMME: Backing businesses that keep SA moving
Sean Doherty – CEO, Mobalyz SAfm Market Update - Podcasts and live stream
![[FULL SHOW] DRDGold, Agoa extension, and the Balwin-PIC deal](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] DRDGold, Agoa extension, and the Balwin-PIC deal
This evening, we wrap up the latest market movements with Otto1890, unpack the
strong gold price driving DRDGold’s results, discuss the Agoa extension to 2028 with
the University of Johannesburg, explore infrastructure development opportunities in
SADC with Business Unity South Africa, examine the recent Balwin-PIC transaction
with John Loos and, in our Executive Lounge, we speak to Happy Ralinala

Market Watcher: Commodities soar on back of US announcement
David Shapiro of Otto1890 unpacks the US Treasury’s bond-buyback announcement,
its impact on commodities and the JSE’s 2% gain, and whether the resilient rand
could break through R16 to the dollar. SAfm Market Update - Podcasts and live stream

DRDGold benefits from strong production, gold prices
Niël Pretorius – CEO, DRDGold SAfm Market Update - Podcasts and live stream

Agoa extension offers SA exporters a vital lifeline
Dr Mikatekiso Kubayi – Senior researcher: South African Research Chair on
African Diplomacy and Foreign Policy, University of Johannesburg SAfm Market Update - Podcasts and live stream

Infrastructure investment key to SADC’s future
Stavros Nicoleau – Board member, Business Unity South Africa SAfm Market Update - Podcasts and live stream

What the Balwin buyout means for the local property
John Loos – Independent Economist SAfm Market Update - Podcasts and live stream

Executive Lounge: The art of leading from the front
Happy Ralinala – Chief executive: Personal Banking, African Bank SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Electricity pricing, SADC industrialisation, and slate fuel recovery](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Electricity pricing, SADC industrialisation, and slate fuel recovery
Tonight, we unpack the day’s market moves with WealthStrat, examine the impact of
electricity tariffs on industry with the Minister of Electricity, discuss SADC’s
industrialisation needs with Business Unity South Africa, explore the latest proposal
on the slate recovery levy with the Fuels Industry Association of SA, discuss data-
driven farming with Nedbank, and, in Property Insights, take a clos

Ramokgopa on what SA’s first electricity pricing policy change in 17 years aims to achieve – and how
Dr Kgosientsho Ramokgopa – Minister of Electricity and Energy SAfm Market Update - Podcasts and live stream

Markets: Finding the good news in a yo-yo market
Victoria Reuvers of WealthStrat discusses market sentiment following the US
President’s bomb threat against Oman, losses in Asian markets and the JSE’s
resilience. She also explains why the rand is holding firm despite oil price volatility
and stronger emerging-market appetite.
Victoria Reuvers – Managing director, WealthStrat SAfm Market Update - Podcasts and live stream

Data-driven farming: The future of competitive agriculture
Daneel Rossouw – Head of sales: Agriculture, Nedbank SAfm Market Update - Podcasts and live stream

Balancing fuel industry cash flow and pump prices
Avhapfani Tshifularo – CEO, Fuels Industry Association of SA SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Spar board resignations, SAA turbulence, and taking financial advice AI](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Spar board resignations, SAA turbulence, and taking financial advice AI
This evening we round up the day's market movements with Rand Swiss, discuss the impact
of the resignations from the Spar board with Anchor Capital, examine the implications of
the SAA CEO being placed on special leave with Guy Leitch, unpack how SA’s financial
resilience is helping fixed income investors with Ninety One, separate AI stock winners and
losers with Merchant West – and in our Per

Spar turnaround faces new test after board resignations
Stephan Erasmus – Senior Investment Analyst, Anchor Capital SAfm Market Update - Podcasts and live stream

Market Watcher: Local market and currency holding strong
Shaun Murison of Rand Swiss unpacks the performance of the rand as it hit
R16.20 to the dollar amid lower-than-expected US inflation numbers; looks at
the gold price gaining alongside commodities such as platinum and silver;
explains the lower impact of geopolitical tensions on the price of Brent crude
as markets depend less on the Strait of Hormuz; and discusses the JSE
strengthening in relation

SAA leadership crisis: What hope for the turnaround?
Guy Leitch – Aviation expert SAfm Market Update - Podcasts and live stream

SA resilience: What does it mean for fixed income investors?
Mokgatla Madisha – Head: SA Fixed Income, Ninety One SAfm Market Update - Podcasts and live stream

Separating AI winners and losers
Neal Hoogwerf – Equity Analyst, Merchant West SAfm Market Update - Podcasts and live stream

Personal Finance: Should you take financial advice from AI?
Stiaan de Witt – Financial planner, NMG Benefits SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Standard Bank’s results, new SAT board, and Spaza Shop Fund](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Standard Bank’s results, new SAT board, and Spaza Shop Fund
This evening, we wrap up the day’s market action with Terence Hove, unpack
Standard Bank Group’s strong half-year results, explore SA’s new digital travel system
and the new SAT board with the Department of Tourism, discuss progress on the
Spaza Shop Fund with the Department of Small Business Development, examine
Armscor’s plans to seek partnerships to unlock its intellectual property portfolio wi

Market Watcher: Market sentiment shaped by mixed signals
Chantal Marx of FNB Wealth and Investments discusses conflicting reports on the peace deal, energy prices and Strait of Hormuz traffic, as well as AI bubble risks and high capex. She also unpacks the JSE’s performance and Truworths’ stronger-than-expected trading statement. SAfm Market Update - Podcasts and live stream

New board and ETA system to reset local tourism
Patricia de Lille – Minister of Tourism SAfm Market Update - Podcasts and live stream

Standard Bank rides R26bn earnings momentum
With laser focus on growing revenues and earnings, and being ‘paranoid’ about what its competitors are doing. Group CEO Sim Tshabalala elaborates. SAfm Market Update - Podcasts and live stream

Spaza shop funding falls short of target
Qinisile Delwa – Deputy-director general: Enterprise development,
Department of Small Business Development SAfm Market Update - Podcasts and live stream

Armscor looking to review its R400bn portfolio
Kobus Marias – Independent defence analyst SAfm Market Update - Podcasts and live stream

SMME: Making the aviation experience affordable
Neo Makgale – CEO and founder, NeoHeights Aviation Group SAfm Market Update - Podcasts and live stream

Executive Lounge: empowering youth to reach new heights
Dr Ramatsemela Masango – CEO, Ario SAfm Market Update - Podcasts and live stream
![[FULL SHOW] African sovereign debt, banks lose R2.6m, and future scientists](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] African sovereign debt, banks lose R2.6m, and future scientists
This evening, we wrap up the latest market movements with Private Client Holdings,
examine the latest report on the African sovereign debt crisis with the University of
Pretoria, discuss the value of investment with Allan Gray, explore how outdated card
systems are costing local banks millions with Denker Capital, and, in our Executive
Lounge, we speak to nuclear engineer Dr Ramatsemela Masanga of

Finding needles in a haystack
Siphesihle Zwane – Portfolio manager, Allan Gray SAfm Market Update - Podcasts and live stream

Outdated fraud systems cost SA Banks R2.6m annually
Kokkie Kooyman – Executive director, Denker Capital SAfm Market Update - Podcasts and live stream

BIS warns of rising African debt risks
Professor Daniel Bradlow – Senior research fellow: Centre for the Advancement of
Scholarship, University of Pretoria SAfm Market Update - Podcasts and live stream

Market Watcher: Rand gains strength
Warren Buys unpacks the rand’s performance against major currencies. He also
discusses the resilience of US markets and AI stocks, including SpaceX and Prosus,
and reflects on gold’s rise above $4 400 as central banks turn to it as a safe haven.
Warren Buys – Senior wealth manager, Private Client Holdings SAfm Market Update - Podcasts and live stream

AECI profit jumps 20% on mining strength
Alan Dickson – GCEO, AECI SAfm Market Update - Podcasts and live stream

Markets: Volatility is here to stay
Chantal Marx of FNB Wealth and Investments unpacks the sea of red on the JSE, the impact of unemployment on market sentiment and key company results, including AB InBev, MTN and British American Tobacco. She also examines US market volatility, the AI bubble and earnings season, before turning to stronger Asian markets despite Japanese public holidays. SAfm Market Update - Podcasts and live stream

Power costs push Ferroglobe smelter to the brink
Tshepo Kgadima – Independent energy expert SAfm Market Update - Podcasts and live stream

What Aarto fines mean for businesses and company cars
Phakamile Hlubi Majola – Spokesperson, Misa SAfm Market Update - Podcasts and live stream

CNY8bn flows through Standard Bank via China’s CIPS
Nombasa Hlathi – Head: Client solutions and international payments, Standard Bank CIB SAfm Market Update - Podcasts and live stream

Minister, Transnet and industry address fresh produce challenges at Cape Town port
Mecia Petersen – CEO, South African Table Grape Industry Association (Sati) SAfm Market Update - Podcasts and live stream
![[FULL SHOW] AECI results, high power costs, and Sati meets minister](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] AECI results, high power costs, and Sati meets minister
Tonight, we unpack the day’s market moves with FNB Wealth and Investments,
examine strong mining performance with AECI, discuss the impact of high power
costs on Ferroglobe’s smelter with Tshepo Kgadima, explore what Aarto fines mean
for businesses and company vehicles with Misa, and celebrate a new milestone in
international payments with China with Standard Bank CIB, and in AgriFocus, we look
at

Taking women’s entrepreneurship to new heights
Sibongile Sambo – Founder and CEO, SRS Aviation SAfm Market Update - Podcasts and live stream

Femio set to bridge the gap in financial inclusion
Monalisa Zwambila – Founder, Femio SAfm Market Update - Podcasts and live stream

Training the next generation of non-executive directors
Parmi Natesan – CEO, Institute of Directors in South Africa SAfm Market Update - Podcasts and live stream

Why should businesses take women’s empowerment seriously?
Jeanne Fourie – Management consultant, Kearney Africa SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Women on boards, income inequality, and the sky’s the limit](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Women on boards, income inequality, and the sky’s the limit
This evening, we bring you a special broadcast commemorating the 70th anniversary of the 1956 National Women’s March, viewed through the lens of the 2026 theme: Empowered women, empowering nations, we examine the business case for women in senior leadership with Kearney Africa, discuss the training and readiness of women for boardroom leadership with the Institute of Directors in SA, explore how c
![[FULL SHOW] SA-China soybean deal, beneficiation rules, and university sustainability](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] SA-China soybean deal, beneficiation rules, and university sustainability
This evening, we wrap up the day,s market action with Sanlam Private Wealth,
unpack the 200-tonne SA-China soybean deal with Sacota, explore Medshield,s
membership growth, discuss the AfDB partnership supporting women-led businesses
with Standard Bank, examine the potential impact of new mining beneficiation rules
with the Minerals Council SA, and, in this week,s SMME feature, follow the
entrepren

SA soybeans break into Chinese market
André van der Vyver – Executive director, SA Cereals and Oilseeds Trade Association SAfm Market Update - Podcasts and live stream

Medshield focuses on affordability to boost membership
Kevin Aron – Principal officer, Medshield Medical Scheme SAfm Market Update - Podcasts and live stream

AfDB partnership unlocks R5.4bn for women-led SMEs
Felisha Singh – Head: Client experience, insights and adoption, Standard Bank SAfm Market Update - Podcasts and live stream

Beneficiation rule: Right goal, wrong approach?
Mzila Mthenjane – CEO, Minerals Council South Africa SAfm Market Update - Podcasts and live stream

SMME: Shared-value model boosts university sustainability
Dave McKenzie – CEO and founder, Boo Campus Media SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Dangote IPO, PIC chief executive reinstated, and US tariff probe](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Dangote IPO, PIC chief executive reinstated, and US tariff probe
This evening, we wrap up the latest market movements with Otto1890, examine the
reinstatement of the PIC CEO with the Johannesburg Business School, discuss
whether renewable energy can power Africa,s megacities with Tshepo Kgadima,
explore the implications of the US Senate tariff probe for SA business with KPMG,
unpack Dangote,s planned IPO with Sagoa, and, in our Executive Lounge, we speak to
Tha

Market Watcher: Market in a better place than last week
David Shapiro of Otto1890 reflects on US corporate earnings and the growing adoption of AI by businesses. He also unpacks the JSE, where mining stocks performed strongly, and discusses Brent crude oil still lingering at the $80 mark despite the absence of headlines on renewed peace talks. SAfm Market Update - Podcasts and live stream

Can African megacities power their future with renewables?
Tshepo Kgadima – Independent energy analyst SAfm Market Update - Podcasts and live stream

PIC CEO returns to work after reinstatement
Director: Centre for Public Policy and African Studies, University of Johannesburg SAfm Market Update - Podcasts and live stream

What the US probe means for South African business
Frank Blackmore – Lead economist, KPMG SAfm Market Update - Podcasts and live stream

Dangote's $5bn listing signals new era for Africa's markets
Craig Morkel – Chair: Gas Economy Leadership Group, SA Oil and Gas Alliance SAfm Market Update - Podcasts and live stream

Executive Lounge: Mentorship at the centre of leadership
Thandeka Ngoma – Sales director, Bridgestone EMIA SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Crypto takes centre stage, Nedbank's interims, and SA's entrepreneurial outlook](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Crypto takes centre stage, Nedbank's interims, and SA's entrepreneurial outlook
Tonight, we unpack the day's market moves with JustOneLap, discuss crypto regulation with Deneys, examine Nedbank Group's interim results, explore South Africa's entrepreneurial outlook with the University of Johannesburg, assess how producers can navigate global headwinds with Omnia, and, in Property Insights, look at Cape Town's rent-or-buy dilemma with Gracht Asset Managers. SAfm Market Update

Markets: Volatility remains the name of the game
Simon Brown of JustOneLap discusses market volatility, Brent crude trading below $80 a barrel, strong US corporate earnings, the MPC's decision to keep rates unchanged, and a more than 7% rally in platinum group metals. SAfm Market Update - Podcasts and live stream

How can South African producers remain profitable in an unpredictable global environment?
Louis Strydom – Sales and marketing director, Omnia SAfm Market Update - Podcasts and live stream

Nedbank lifts dividend as profits hold firm
Mfundo Nkuhlu – COO, Nedbank Group SAfm Market Update - Podcasts and live stream

Cape Town housing crisis?
Lesego Majatladi – Director, Gracht Asset Managers SAfm Market Update - Podcasts and live stream

Global report highlights SA's weak entrepreneurial climate
Prof Natanya Meyer - Acting Chair in Entrepreneurship Education, University of Johannesburg SAfm Market Update - Podcasts and live stream

Balancing crypto innovation and regulation
Desiree Reddy – Director, Deneys SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Trade surplus, FSCA enforcement drive, and the GoTrade initiative](https://cdn.iono.fm/files/p216/logo_2247_20250910_203802_1400.jpeg)
[FULL SHOW] Trade surplus, FSCA enforcement drive, and the GoTrade initiative
This evening, we round up the day's market movements with Rand Swiss, examine the FSCA's latest enforcement report, discuss sovereign intelligence with iAfrikan.com, unpack SA's strong export performance and trade surplus with Investec, explore the GoTrade initiative and its partnership with Absa alongside DHL Express Sub-Saharan Africa, and, in our Personal Finance segment, take a closer look at

Market Watcher: Markets unfazed by lower oil prices
Gary Booysen of Rand Swiss discusses the muted market reaction to lower oil prices, ongoing geopolitical tensions, the Bank of Japan's decision to keep interest rates unchanged, and the outlook for global markets. SAfm Market Update - Podcasts and live stream

Personal Finance: Only 19% of South Africans hold life insurance
Deepesh Desai – Executive, Capitec Insurance. SAfm Market Update - Podcasts and live stream

GoTrade initiative opens new markets for African SMEs
Hennie Heymans – CEO, DHL Sub-Saharan Africa SAfm Market Update - Podcasts and live stream

Technology leaders debate Africa's AI ambitions
Bataung Qhotsokoane – Editor-in-Chief, iAfrican.com SAfm Market Update - Podcasts and live stream

Billions in Fines: Inside the FSCA's enforcement drive
Sanele Magazi – Senior Manager: Enforcement Division, FSCA SAfm Market Update - Podcasts and live stream

Strong trade surplus reflects resilient export performance
Lara Hodes – Economist, Investec SAfm Market Update - Podcasts and live stream
![[FULL SHOW] Shipping trade shocks, employee financial distress, and closing the food waste loop](https://cdn.iono.fm/files/p216/logo_1702382_20260730_193237_1400.jpeg)
[FULL SHOW] Shipping trade shocks, employee financial distress, and closing the food waste loop
This evening, we wrap up the day's market action with Terence Hove, unpack the latest dry bulk shipping report with Bimco, explore the causes of employee financial distress with YuLife, examine retail spending trends with the Bureau of Market Research, discuss the opportunities for green finance in Africa with Standard Bank,
look at manufacturing partnerships with the Brics SA Business Council, an

Market Watcher: Miners reaping the rewards
Terence Hove discusses the market reaction to the US Fed's latest decision, the rand's resilience, geopolitical risks and oil prices. He also examines record earnings for local miners, rising commodity prices, central bank demand for safe-haven assets, and explains British American Tobacco's share buy-back programme. SAfm Market Update - Podcasts and live stream











