The Money Show

Wayne McCurrie from FNB Wealth and Investments and Bruce Whitfield analyse corporate news and international markets.

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President Cyril Ramaphosa prepares to sign the National Health Insurance Bill (NHI) into law on Wednesday, May 15, 2024, giving reasons that the “move will revolutionise South Africa's healthcare system, aiming for universal coverage of health services”. However, experts within the health sector joined Bruce Whitfield to express their concerns about the current state of the bill; and offer insights into potential paths forward.

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Shameel Joosub, the Group CEO of Vodacom, discusses the company's annual results with host Bruce Whitfield. The group disclosed an 11.2% decrease in earnings per share to 842c, as well as a 10.8% reduction in headline earnings per share to 846c for the year in review.

As Spain's olive oil output dwindles amidst climate-related challenges, global prices soar to unprecedented levels, prompting concerns over supply chain integrity and theft. With South Africa grappling with its own production limitations, consumers face steep retail hikes while producers navigate a landscape of rising costs and erratic yields. Wendy Petersen, CEO of the South African Olive Association discussed this.

 Riaan Manser, explorer and adventurer was our guest in How I Make Money. Manser rose to prominence by cycling around the perimeter of Africa for over 24  months, alone & unaided. He told us about his adventures and how he makes his money.

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KWV, a top wine and spirits group, welcomes new shareholders, Masimong Group and Rand Merchant Bank (RMB). With a history of value creation, KWV aims to leverage their expertise and connections for strategic growth. Masimong Group, focused on empowerment, and RMB, a leading African bank, offer valuable insights. This partnership strengthens KWV's industry position. Mike Teke, Seriti Mines CEO & chair of Masimong Group discuss this decision.

Karoo Ranching, a family-run business in South Africa's Eastern Cape Province, operates multiple working cattle and horse ranches. Led by sixth-generation rancher Julie Hobson, the company's flagship ranch, Elandskloof, has been in the family since 1898, embodying an authentic legacy of ranching tradition. Julie Hobson joined Bruce to talk about the rice history of the business. 

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• As former Eskom CEO Andre de Ruyter shed light on the suspension of load shedding, attributing it to a surge in diesel usage, contradicting government claims at the PSG Financial Services' annual conference. Mteto Nyati, Eskom chairman joins Bruce to explain how they are really keeping the lights on

• As global equity markets surge, South African stocks remain conspicuously cheap, but caution is advised with a contentious election looming. Marc Hasenfuss, editor-at-large at Financial Mail weighs the risks and rewards in a market poised for potential shifts.

• Stian Brant, owner, founder and primary designer of Brandt BRV, a vehicle manufactured in Bloemfontein, discusses with host Bruce Whitfield the concept behind his automobile. He shares with Bruce his motivation for embarking on creating his own car and how the government is currently aiding in expanding production.

• In our Investment School, Garth Mackenzie, founder and editor of TradersCorner.co.za explores thematic ETF investing using offshore WTFs. He delved into themes like fintech, online retail, aerospace, and gold mining with ETFs like FINX, IBUY, XAR, and GDXJ, alongside regional country ETFs. He discusses how South Africans can access these ETFs, understand concentration risks, and assess diversification within each ETF.

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BNP Paribas has closed its South African corporate and investment bank, mirroring European banks' broader retreat from the continent. Following suit, Barclays, Standard Chartered, and Societe Generale are also downsizing. Kokkie Kooyman, executive director & portfolio manager at Denker Capital discusses whether this trend creates opportunities for pan-African banking groups to expand, fostering competition and benefiting local sectors.

Richard (Boris) Rivett-Carnac, CEO at SAB discusses their stellar results for the first quarter of 2024 with host Ray White. Boris also takes Ray through beer consumption trends in South Africa. 

In Business Unusual, Graeme Codrington, futurist and partner at TomorrowToday explains how plants and bacteria are being harnessed to revolutionise mining practices. From plants that naturally accumulate rare metals to bacteria that produce hydrogen from old oil wells, these eco-friendly solutions offer a pathway to meeting resource demands while minimising environmental impact.

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Amazon's long-awaited online marketplace has made its debut in South Africa, offering customers access to an extensive array of local and international brands. With promises of same-day and next-day delivery, the online giant aims to revolutionise the shopping experience for consumers. Experts look at how this will impact other local e-commerce retailers.

The Q1 2024 Deloitte South Africa ConsumerSignals report reveals heightened consumer anxiety, driven by political uncertainty and economic instability concerns. Deloitte attributes this unease to looming elections and persistent inflation pressures, exacerbated by a weakening rand and potential living expense hikes. Rodger George, Africa Consumer Industries Leader at Deloitte Africa explains how consumers are coping. 

Warren Ingram, co-founder of Galileo Capital and personal finance expert on how much you should be saving. He says determining the optimal savings rate can be daunting, but it’s about striking a balance between your current lifestyle and a secure financial future. 

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Redefine Properties releases its group interim results for the six months ending February 2024, showcasing a resilient performance amidst challenging market conditions. Despite economic headwinds, the company reports a 6.1% increase in distributable income to R1.7 billion, signalling sustained profitability and strategic growth initiatives. Andrew Konig, CEO at Redefine joins Motheo to help analyse the results.

Shell confirms plans to divest from Shell Downstream South Africa (SDSA), part of a strategic realignment focusing on performance and simplification. This move marks the end of Shell's 120-year presence in South Africa, coinciding with a broader transition towards electric vehicle charging options.Ed Stoddard, Journalist at Business Maverick explains what the impact will be for the country.

Riaan Wilmans, a specialist in book cover design, joins Motheo Khoaripe to delve into the craft of encapsulating a book's essence within a single page, all while making money from it. He shares insights into his journey into the field and the intricacies of thriving in this profession.

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Peter Major, mining expert & director of mining at Modern Corporate Solutions and host Bruce Whitfield discuss Glencore also showing interest in acquiring Anglo American. He also discusses BHP chief executive meeting with SA mining ministry.

On The Money Show Explainer, Deon Gouws ,chief investment officer at Credo  and Bruce Whitfield discuss why Apple sales are falling almost everywhere. 

Then Thabo Makhetha-Kwinana, fashion designer and owner of the leading women’s wear label, which bears her name, was our Friday File guest. She spoke about her brand, which is globally recognised for using and taking inspiration from authentic Basotho blankets to create beautiful garments.

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