The Money Show

• BYD (Build Your Dreams), a Chinese firm, has secretly unveiled South Africa's cheapest electric automobile. The new BYD Dolphin is a mid-sized electric hatchback comparable to the Toyota Corolla and Mazda3. Dolphin offers two versions, with pricing starting at R539,900 for the base model and R599,900 for the extended range. 
• The latest news that will surprise readers and the South African media establishment is discussed by host Bruce Whitfield and William Bird of Media Monitoring Africa. Media24 plans to liquidate a number of its prominent print magazines, including City Press, Rapport, Beeld, and Daily Sun. It is acknowledged that October is when the axe might fall. The decision to close them has been independently verified by four individuals within the media company. 
• Should businesses give their employees digital gadgets, such as watches or rings, to track their health? It's a major violation of privacy, but on the other side, it might be helpful as a gauge of mental and physical health. What would happen if one chose to opt out? Dave Kitely joins host Bruce Whitfield to discuss if and how this would work.  
• Chief Excitement Officer Allon Raiz speaks to host Bruce Whitfield about small businesses and the Flowcode strategy, which is a system designed to assist companies in developing a plan that is bespoke to them. Which debuted roughly a month ago. 

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• SPAR's continued although the operating settings were difficult, SPAR's ongoing operations had a mixed performance. The Group's ongoing operations in South Africa, Ireland, South West England, and Switzerland had a 7.9% growth in turnover, amounting to R77.2 billion. Inflationary cost pressures and persistently high interest rates have put strain on businesses and consumers alike in all regions. Considering the difficult operating conditions, continuing operations produced a mixed performance. The Group's ongoing operations in South Africa, Ireland, South West England, and Switzerland had a 7.9% growth in turnover, amounting to R77.2 billion. Inflationary cost pressures and persistently increasing interest rates have put pressure on businesses and consumers alike in all regions. Angelo Swart, CEO of Spar Group, talks with host Bruce Whitfield to provide further information. 
• The Johannesburg High Court ruled that renowned law firm Edward Nathan Sonnenberg Inc. (ENS) was culpable for the woman's fall victimization to a common cybercrime known as "business email compromise" (BEC), and that the firm was ordered to pay the woman R5.5 million plus interest in addition to her legal fees. However, the Supreme Court of Appeal reached a different decision this week, sustaining ENS's appeal against the six-month-old ruling. Judith Hawarden's claim was dismissed by the SCA along with two attorneys' fees. Our consumer ninja Wendy Knowler speaks with host Bruce Whitfield to shed more light on the situation. 
• Sumayya Vally, an internationally acclaimed South African-born architect, takes Bruce Whitfield on a journey through the convoluted but fascinating world of design. She is the founder and principal of Counterspace, an architecture and research organization. She climbed to notoriety and the spotlight at an early age, garnering international praise in the field of architecture. Vally is inspired by Johannesburg and its surroundings. 

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• The Group's success was made possible by Premier's unwavering focus on margin management, upskilling our workforce, and optimizing operational efficiencies. Despite financial limitations, Premier has been able to deliver on its investment case with resiliency and dedication to its goal because to R6 billion in capital expenditures over the previous ten years. Premier Group CEO Kobus Gertenbach joins with host Bruce Whitfield to help us comprehend these results.
• In recent months, a number of phishing schemes that target eFiling taxpayer profiles have surfaced, leading to the hacking of taxpayer profiles and the takeover of businesses. The major goal of scammers is to change banking information and login credentials so they may later file fake value-added tax (Vat) returns that are paid to the scammer's bank account. Host Bruce Whitfield speaks to Jean-Louis Nel, tax attorney at Van Huyssteens Commercial Attorneys, on how to safeguard your account and why and how the South African Revenue Service (Sars) will hold a taxpayer accountable if the fraud originates within the firm.
• In just over four years, Plato Coffee, a South African success story, has grown from its humble beginnings selling coffee out of a container in Centurion to a thriving empire with 58 outlets nationwide. Today, Plato Coffee employs about 350 people throughout South Africa, runs 20 corporate-owned and 38 franchise locations, and has a state-of-the-art roastery. Host Bruce Whitfield speaks to brothers Stephan and Petrus Bredel, the creators of Plato Coffee, about their adventure.
• Can a family handle personal finance management together? Create a family budget, discuss the five wellbeing areas and what they mean, set clear financial goals, review and maximize insurance, plan ahead for future expenses, teach children financial responsibility, use technology and financial tools wisely, hold regular family meetings, and seek professional advice. Bruce Whitfield is joined by Gugu Sidaki, Director and Wealth Manager at Wealth Creed, as she discusses how to have a family.

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• Absa's new Homeowner's Sentiment Index for Q1 2024 reveals an increase in confidence in the South African property market. Nondumiso Ncapai, Head of Product for Absa Home Loans and Dr Andrew Golding who is the Chief executive at the Pam Golding Property Group joins host Bruce Whitfield to tell us more.
• Interim CEO of airline SAA John Lamola recently stated that they are working on a business plan that will ensure all its cash requirements are funded via capital markets and not by the National Treasury to help us understand what this would mean for the airline is ,Publisher & Editor Dr Guy Leitch joins Bruce Whitfield.
• Ian Mann, Regular Book Reviewer and MD at Gateways Business Consultants, joins host Bruce Whitfield to discuss how Flyvbjerg demonstrates how you can. Recognize that your biggest danger is you. How Big Things Get Done, filled with vivid examples ranging from the construction of the Sydney Opera House to the production of Pixar blockbusters to an errant home repair in Brooklyn, demonstrates how to complete any ambitious project on schedule and under budget.
• My Back Pages: An undeniably personal history of publishing 1972–2022, his memoir, was published last year. Among his generation, his experience as a publisher is unmatched. He has published journals, scientific and medical works, digital works, and general works at various points during the last fifty years. Richard Charkin a multifaceted publisher speaks to Host Bruce Whitfield to give us more insight.

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• Anthony Thunström, CEO of TFG, discusses the company's annual results with Bruce Whitfield. TFG reported a 22% full year increase in online turnover, amid rising competition from Chinese retailers Shein and Temu. The group announced that online retail sales reached R5.6 billion, accounting for 9.9% of the total retail turnover for the year. This growth in online sales is largely due to the success of their Bash platform in South Africa.
• Patrick Mathidi, head of Equities at Aluwani Capital Partners joins host Bruce Whitfield to analyse the day's market fluctuations and delve into the latest developments in business and finance.
• Bruce Whitfield is joined by Founder &  Manufacturer of Nungu Diamonds  Kealeboga Pule to speak to us on the intriguing  sector of the  state of Luxury diamond sector.

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•  Portfolio Manager at VestAct Asset Management, Michael Treherne joins Bruce Whitfield to speak about Nvidia which seems to be stirring the water, we find out what we need to know about this company.
• Sygnia co-founder and CEO Magda Wierzycka tells Bruce Whitfield of how she was affected by a data breach at Discovery Insure. Discovery leaked the personal information of 19 of its customers to phone call scammers, including residential addresses and policy details.
• Business think tank the Centre for Development and Enterprise (CDE) CEO Ann Bernstein tells Bruce Whitfield that a new coalition government has a mountain to climb. The CDE has been carrying out policy research for a new economic agenda it wants to see implemented and warns that country's leaders are "running out of time".
•  Chantal Marx, Head of equity research at FNB Wealth and Investments and Bruce Whitfield to discuss how companies behave around mergers and acquisitions.

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• Chris Yelland, Energy Analyst and MD at EE Business Intelligence, joins Bruce Whitfield to discuss how The National Energy Regulator of South Africa (Nersa) is negotiating with authorities to potentially increase the free electricity provided to low-income households. Currently, over 8 million households in South Africa benefit from the free basic electricity (FBE) program, receiving 50 kWh per month. At the end of May, Nersa approved a new rate for FBE, which municipalities must pay Eskom for supplying this free power. Starting July 1, the rate for the 2024/25 municipal financial year will be 194.40c/kWh, a 12.5% increase from the previous rate of 172.76c/kWh.
• Siobhan Redford,  Economist at RMB takes host, Bruce Whitfield through The RMB/BER Business Confidence Index. It edged up ahead of the national election in May, with businesses in the country taking a wait-and-see approach to the country’s future now that the results have been declared.
• Siphiwe Moyo, Executive Director of the Organisational Behaviour Institute, joins Bruce Whitfield to discuss fostering an inclusive work environment amidst political noise. They explore strategies for leaders and HR to navigate sensitive topics, promote open dialogue, and create a sense of belonging and respect within diverse teams. Maintaining such an environment, especially during South African coalition talks, can enhance employee engagement, productivity, and overall organisational success.
• Bruce Whitfield profiles Zwelakhe Mnguni, the CIO of Benguela Global Fund Managers. Mnguni grew up in a squatter camp in Sebokeng, south of Johannesburg. After finishing school, he worked as a security guard for four years to save money for his education. Despite his humble beginnings and challenging circumstances, Mnguni pursued his dreams. Today, he is a co-founder of Benguela Global Fund Managers and serves as its chief investment officer, overseeing R7.2 billion in assets under management.

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• Old Mutual Chief Group Economist Johann Els and Bruce Whitfield delve into the latest gross domestic product figures that showed 0.1% contraction in the first quarter of 2024 - which was worse than economists expected. 2024 was off to a disastrous start, with local consumer demand weak and mining output shrinking by 2.3 percentage points. Platinum group metals, coal, gold and manganese ore were the worst performers.
  
• Dr Rutendo Hwindingwi, Founding Director at Tribe Africa advisory & author of Rumble in the Jungle Reloaded, joins Bruce Whitfield to delve into the latest developments shaping business narratives across the African continent.
  
• Warren Ingram, co-founder of Galileo Capital and a personal finance expert, together with Bruce Whitfield, explores strategies for safeguarding against market panic. Stock market and currency volatility are inevitable for investors. However, significant events like elections or market crashes can exacerbate this volatility, turning the market's ups and downs into a wild rollercoaster ride with stomach-churning drops. 
  
• Bruce Whitfield is joined by Duncan McLeod, Founder and Editor at TechCentral, to provide more insight into the Canal+ R30bn bid for MultiChoice. An independent board set up by MultiChoice has determined that the R125 per share offer by French media giant Canal+ is “fair and reasonable” to shareholders of SA’s video entertainment group.

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•  Advocate Mtho Xulu and host Bruce Whitfield discuss the business sector's plans under South Africa's new coalition government. Business lobby groups stress that politicians must choose between the rule of law with economic growth or undoing recent progress.They highlight the need for job creation, economic growth, and revenue generation.
  
• Razia Khan, Chief Economist at Standard Chartered Bank, Claude de Baissac, CEO of Eunomix, and host Bruce Whitfield discuss international market reactions to South Africa’s elections. The results have investors torn between anxiety over possible coalition outcomes and hopes for a market-friendly government. Before the vote, optimism about an ANC-led coalition boosted the rand and other assets.
  
• Toby Shapshak, Chief at Stuff Studios, joins host Bruce Whitfield to review the Sonos Arc headphones. The standout feature of the Sonos Arc is its True Cinema mode. This mode enables the Sonos Ace to connect with a Sonos Arc soundbar and stream TV audio directly to the headphones via Wi-Fi, providing an immersive listening experience enhanced by Dolby Atmos.
  
• Bruce Whitfield highlights Renier Lombard, Managing Director of Flance Directive Creators, whose company specializes in overseeing the online branding of celebrities and businesses worldwide.

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