The Money Show

• The SA Municipal Workers' Union (Samwu) has reached a one-year pay deal for a 7% raise for workers in the water industry represented in the Amanzi Bargaining Council. The growth rate surpasses the inflation rate of 5.2% observed in April and May. The largest municipal union, Samwu, which represents more than 160,000 of the almost 300,000 municipal employees in the nation, and the water boards of South Africa have an agreement that will last from July 1 to June 30, 2025. Speaking about this arrangement with host Motheo Khoaripe is national media officer Papikie Mohale.
  
  
• The escalation of geopolitical risks brought about by the continuing conflicts, which started with Russia's invasion of Ukraine and proceeded with the outbreak of hostilities in the Middle East. Due to this, there is now a greater demand for gold, which is often regarded as a safe haven asset. The rush for protection, the increase in gold recycling, worries about inflation, and central bank purchases are additional motivators. Morningstar South Africa's Senior Investment Analyst Michael Kruger goes into further detail on this in a lengthy interview with host Motheo Khoaripe.
• In May 2024, mining production decreased. Seasonally adjusted mineral sales at current prices decreased by 8.0% from April 2024 to the same month in 2024. Nonetheless, sales did exhibit a noteworthy trend, increasing by 9.8% in May compared to April. Following monthly fluctuations of 8.9% in March and -0.2% in April, this occurred. Host Motheo Khoaripe chats with Sitef & Co. founder and director Mihlali Sitefane to provide more details.
• In South Africa, there have been several odd weather events in recent months. These have included tornadoes that are unique in the KwaZulu-Natal area of South Africa, floods in the Eastern Cape, and mid-latitude cyclones in the Western Cape. The increase in global temperature resulting from a rise in carbon emissions is one of the primary causes of climate change. 2024 is one of the two years in which temperatures have reached record highs. Lee-Anne Bac, Director, Tourism Specialist Unit, BDO South Africa, talks about the extent of the damage with host Motheo Khoaripe.
• Scientists have criticized the government's most recent census, arguing that it is so flawed that it cannot be relied upon to track the success of critical programs like children's vaccinations or to allocate cash and resources. Stats SA's projection of 62 million people for the 2022 census is exaggerated by one million, and there are similarly significant discrepancies at the district and municipal levels. Dr. Pali Lehohla, a former statistician-general from South Africa, shares the tale with host Motheo Khoaripe.

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• A man who played a key role in the R1.9 billion loss at VBS Mutual Bank pled guilty to charges of money laundering, theft, fraud, and racketeering. As part of a plea and sentencing agreement with the State, former VBS head Tshifhiwa Matodzi pleaded guilty to 33 charges on Wednesday in the Gauteng High Court in Pretoria. He received a 15-year prison sentence as a condition of the agreement. In an interview with host Ray White, Pauli Van Wyk, a writer for Daily Maverick's Scorpio division, offers more background on this subject. 
• Following ArcelorMittal SA's (Amsa) announcement that its long-running steel division will remain functioning, a significant chunk of the steel value chain as well as the manufacturing sector in South Africa have expressed relief. This story is discussed by journalist Phillipa Rodseth and anchor Ray White on Business Live.
• Despite the downturn in M&A markets in many countries due to rising interest rates, the importance of ESG in acquisitions has increased globally in the previous twelve to eighteen months, according to the third year of the global organization's ESG Due Diligence study. Host Ray White, speaks with Ben April, the Director of ESG Leader Africa Financial Services at KPMG, about these findings.
• In addition to seizing over thirty laptops for further examination, four senior DPWI managers were put on precautionary leave. This story is discussed by host Ray White and Mybroadband Editor Jan Vermeulin.

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• Black frost destroyed crops in South Africa's northernmost province, Limpopo, leading a significant farmers' organization to issue a warning about looming food shortages in the region. Potatoes, tomatoes, and a host of other vegetables were damaged when black frost struck the province early on Sunday. To help us understand how much damage has been done, Paul Makube, Senior Agricultural Economist at FNB, converses with Motheo Khoaripe.
  
  
• Leading South African home loan provider Standard Bank says it is seeing a rise in first-time buyer activity, indicating that customers are bracing for an interest rate cut. In order to assist us understand the subtleties of the trend, host Motheo Khoaripe speaks with Kabelo Makeke, Head of Personal and Private Banking at Standard Bank South Africa.
• South Africa has fully embraced the potential of digital health technology to improve access to skills and services, boost the standard and coverage of healthcare, and promote healthy lifestyle changes to postpone the onset of acute and chronic illnesses. Because mobile devices are so widely used, we may now communicate with computers and with one other in new and speedier ways. This makes it more likely than ever that digital health will have an impact on our health and wellness, especially in light of recent technological advancements. Host Motheo Khoaripe is joined by Check Point's Workspace Solutions Architect Shayimamba Conco to discuss this future.
• South Africa's economic prospects are significantly impacted by the status of the global economy. The US Federal Reserve has declared its commitment to maintain higher interest rates in an effort to combat inflation. The rand might be impacted by this, and borrowing costs for developing nations like South Africa might increase. Talking with Ndumiso Kubheka, Chief Economist at KH Research Equity Partners, is host Motheo Khoaripe.
• As per the 2024 Global Risk Landscape, about 50% of global corporate leaders think that their companies have an antifragile approach towards risk. But only 7% of respondents said their organizations were "risk welcoming," and only 19% said they took a very proactive approach to risk management. To offer more background to this , Motheo Khoaripe speaks with Richard Walker, National Head of Risk Advisory Services, BDO SA.

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• According to the Financial Times, South Africa's state-owned electricity company Eskom may have reported an annual loss of up to R15 billion in the most recent year. Professor Harald Winkler discusses this possibility with host Motheo Khoaripe.
• Karl Westvig will take over as TymeBank's CEO on October 1. The SME-focused lender Retail Capital, which he co-founded, was bought by TymeBank in 2022. He currently serves as the CEO of the business and retail banking divisions of TymeBank. TymeBank is on target to surpass 10 million customers this year and wants to IPO in 2028. Host Motheo Khoaripe asks newly appointed CEO Karl Westvig additional questions.
• AutoZone, the largest privately held automotive parts store in South Africa, has declared its entry into business rescue, citing its inability to control its debt load in an increasingly challenging economic climate. Anton Resse, the strategic head of SME assistance at Fetola, hosts Motheo.
• CNBC International Reporter Arabile Gumede speaks with host Motheo Khoaripe about the minor differences between the UK and France in a tale of two elections.

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• Joining host Ray White to talk about Bank of America's prediction that South Africa's GDP may increase by 2% provided Eskom continues to make progress and maintain a steady power supply is Siobhan Redford, economist at RMB. Redford emphasizes the significance of dependable electricity for economic growth.
• Four of the six companies that the US added to its list of companies facing trade restrictions on Tuesday had ties to China's military training, according to a government announcement. According to the posting, their links to the South African Test Flying Academy and their use of Western and North Atlantic Treaty Organization (NATO) sources for training China's military forces made the addition of Grace Air (Pty) Ltd and Livingston Aerospace Limited of the United Kingdom, as well as Global Training Solutions Limited and Smartech Future Limited of China, possible. In order to explore the subtleties of this topic, host Ray White is joined by Erika Gibson, Senior Specialist Reporter from Media24.
• Shawn Marshall is reinventing the wardrobe for the contemporary consumer by fusing classic tailoring with a simple, casual look to produce hybrid items that work for any setting. Founder: Shawn Marshall Tsoka is a youthful, determined businessman who attended the University of Pretoria to study investment management. He never received a professional degree in fashion, but he has always studied the business, keeping an eye on trends and developing an own, chic sense of style.

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Insiders allege that global megacorporation are abandoning South Africa's massive gas discoveries due to unhappiness with its administration.

• There is rising speculation that TotalEnergies will withdraw from its offshore gas finds in South Africa. The project's major partner, the Canadian business CNR International, has already stated its desire to depart. Although other parties have 30 days to make a choice, African Energy Corp has announced that it will move forward. Lumkile Mondi, Senior Lecturer at Wits Business School, speaks with host Ray White about the catastrophe.

 Markets Commentary

• Grant Nader, Portfolio Manager of Benguela Global Fund Managers, joins host Ray White to discuss the day's market changes and the most recent events in business and finance.

The future of SAA as it rebuilds

• South African Airways plans to quadruple the number of destinations served from its Johannesburg base by the end of April as it restructures its operations to focus on domestic and international travel following the failure of an investor deal. Guy Leitch, Editor of SA Flyer Magazine, joins presenter Ray White to examine the nuances of this topic.

Gauteng citizens should not expect any substantial change after the premier 'recycled failed leaders'.

• With seven key positions in Premier Panyaza Lesufi's provincial cabinet, the Gauteng African National Alliance (ANC), which received 36.4% of the vote in May 29 polls, raised worries about the viability of the government of provincial unity. Ray White, host, discusses with Wayne Duvenage, CEO of Organization Undoing Tax Abuse (Outa), about the complexities of this story.

The impact of the DTIC's recent leadership appointments on the business sector

• Given that industrial policy is once again popular in many economies, business and policy experts anticipate that Parks Tau, the newly appointed Minister of Trade, Industry, and Competition, will prioritize initiatives that support important industries, particularly those connected to the growing green economy. Nadia Rawjee, director of Uzenzele Holdings, discusses how the new leadership role will affect numerous company's operations.

Small Business Focus: Understanding Your Business Purpose and Why It Matters

• A brief sentence (or two) that encapsulates the reasons you started your company is your business objective. It could be narrowly focused on a particular industry or sufficiently broad to cover additional and future company operations. You must distinguish the business purpose from your organization's vision or goal in order to understand it. In an interview with host Ray White, Aurik Business Accelerator CEO Pavlo Phitidis expands on this.

Investment School: Is the Rand a Significant Factor in Offshore Investing?

• Investors understand that there are good reasons to invest abroad, such as the preservation of "hard" currency spending power, lower risk associated with emerging markets and South Africa, access to asset classes, industries, and companies not available in South Africa, and diversification benefits. Nonetheless, they frequently expend a remarkable amount of effort attempting to forecast the direction of the currency. Ray White and Chantal Marx, the head of stock research at FNB Wealth and Investments, will talk about offshore investing and whether or not the rand matters.
  
  

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Bidvest offers to sell its bank. Old Mutual gears up for a new bank. How the banking sector in SA is changing 

• Old Mutual's plan to rename its new lender OM Bank—which completed building its digital platform and infrastructure at the end of last year—and Bidvest Group's intention to find a buyer for its banking asset before the end of 2024 Kokkie Kooyman, Director and Portfolio Manager of Denker Capital, discuss how the banking landscape is changing with host Ray White.

Bloated cabinet and Finance minister’s plans contain it with fugazi funds 

• The finance minister and the bloated cabinet's plans involve fugazi funds. Host Ray White speaks with Ndumiso Kubheka, Chief Economist at KH Research Equity Partners, and JP Landman, Political and Trend Analyst, on the implementation.

Markets Commentary  

• Viv Govender, Portfolio Manager at Rand Swiss, speaks to host Ray White to discuss the day's market movements and the latest developments in business and finance.

Status of the mining sector: retrenchments and illegal strikes 

• Among the many challenges confronting the mining industry, layoffs and unlawful strikes have had a significant influence in recent years. As a result, there has been volatility in the mining business. Furthermore, there are losses from taxes, royalties, employment, output, and investment. Host Ray White is joined by Andrew Levy, Labour Analyst of Andrew Levy & Associates, to provide us with an in-depth account of the nuances of the mining business.

Shoprite provides online purchasing and bulk delivery for small businesses and spaza stores.

• Major obstacles that smaller retailers and spaza stores usually have to deal with include high fuel and transportation costs and difficulties meeting demand in the unofficial retail sector. Furthermore, overstocking can result in expensive carrying costs, an increased risk of theft, and cash flow issues. The wholesaler Shoprite has entered the e-commerce space by launching a cutting-edge digital solution for its Cash & Carry stores. In this segment, host Ray White is joined by Mark Cotton, Head of B2B eCommerce of the Shoprite Group, to offer more details.

Business Unusual

• Richard Mulholland, the founder of Missing Link Social, speaks with host Ray White on how social norms conflict with market norms. Additionally, he clarifies why we ought to exercise caution while asking for discounts and freebies, even from friends.

Consumer Ninja- The FAIS Ombud can now handle claims up to R3.5 million, as opposed to the previous cap of R800,000

• Consumer Ninja Wendy Knowler joins Ray White to talk about the FAIS Ombud and how they can now process claims up to R3.5 million instead of the R800,000 cap that has been in place for more than 20 years.

Shapeshifter - Evan Jones ,  CEO of The Collective X 

• As CEO and board member of The Collective X, Evan Jones is the driving force behind the organization. In addition to enhancing young digital skills, boosting employment, and injecting a substantial R300 billion into the South African economy, the project seeks to treble the nation's output of in-demand digital jobs in the next three years. Host Ray White chats with Evan Jones, CEO of The Collective X, in today's shapeshifter feature. Evans offers further background.

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Standard Bank's major breach issues

• Customers who believed their bank accounts had been compromised filed many complaints on the Standard Bank X handle (@StandardBankZA) on Tuesday morning. Many of them said that they were unable to restrict their cards or accounts due to the lengthy wait in the bank's contact center queue. In an interview with host Ray White, Steven Ambrose, MD of Atvance Intellect, addresses possible causes of the disruption.

The JSE and bonds are benefiting from the election results.

• The South African stock market has risen by 2% since the May election, which yielded positive results for the market. Following the unveiling of the government of national unity (GNU) cabinet on Monday, the JSE closed higher. Along with host Ray White, Dawie Roodt, founder, director, and chief economist of the Efficient Group, adds more context.

Market Commentary 

• Norman Mackechnie, an independent investor, joins host Ray White to discuss the current status of the world markets in today's market commentary.

Caxton brings out the grave worry about Media24.

• Caxton and CTP Publishers have expressed concern about the closure of certain Media24 news properties once again, claiming that the latter had offered options but chose not to accept them. In order to offer more context to this topic, host Ray White chats with William Bird from Media Monitoring Africa.

702 Walk the Talk: Hospitality packages and how corporates may purchase them

• This year's 702 Walk the Talk, presented by the City of Tshwane, commemorates 30 years of democracy as we walk together through our capital, beginning in Freedom Park, past important historical sites along the way, and ending on the magnificent lawns of the Union Building. Dany Blumberg joins host Ray White to explain how organizations and businesses can obtain hospitality packages and how corporations can acquire them.

Signals: What the fall of the Roman Empire can teach us about the current decline of the US

• Hywel George, director of investments at Old Mutual Investment Group, talks about how the fall of the Roman Empire can teach us about the current status of the United States in a conversation with host Ray White.

Africa Business Report

• Author of Rumble in the Jungle Reloaded and founding director of Tribe Africa consulting, Dr. Rutendo Hwindingwi, examines the most important business stories from around the continent in conversation with host Ray White.

Personal Finance: Building a silent path to financial independence

• Co-founder of Galileo Capital Warren Ingram speaks with host Ray White on many ways to subtly compound one's way to financial freedom.

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• The CEO of Business Unity SA, Cas Coovadia, the chancellor of the University of the Free State and a former president of Business Unity South Africa, and managing director of Krutham, Peter Attard Montalto, discuss the recently announced cabinet and the Government of National Unity (GNU) with host Ray White.

JSE lists Rainbow Chicken

• Rainbow Chicken Limited satisfies all JSE requirement. Commencing on June 26, 2024, its shares will be listed on the Main Board of the JSE.

 Business Book feature -   Optimal by  Daniel Goleman

• Daniel Goleman, the author of Optimal, discusses how to maintain organizational and personal excellence on a daily basis in his most recent book. Which, in this timely and helpful book, emphasizes the importance of emotional intelligence (EI) and how it impacts both personal and professional life. Ian Mann, an MD at Gateways Business Consultants and a frequent book critic, is interviewed by host Ray White.

How I Make Money - with Executive Headhunter  Verushka Singh

• Verushka Singh is a Principal Consultant at Amrop Woodburn Mann in South Africa, with over 15 years of expertise in the recruiting market. She speaks with host Ray White on what she looks for as a headhunter.

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•    Controversies about cabinet posts threaten GNU. What comes next in SA? Independent political analyst Khaya Sithole and senior lecturer Lumkile Mondi of Wits Business School give more background on the reforms in a conversation with broadcaster Ray White.
The case of the wobbly GNU and wobbly currency 
•    The host, Ray White, discusses South Africa's precarious GNU and currency position with Andre Cilliers, Director and Currency Strategist at TreasuryONE.
Friday File -Mmakuba Lodge- Where nature touches your soul. 
•    Under the warm rays of the South African sun, the intriguing Mmakuba Private Game Lodge is only a two-hour drive from Johannesburg's busy city center. Director of Mmakuba Private Game Lodge, Refiloe Mufamadi speaks to host Ray White to tell us more.

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