The Money Show

Inflation expectations drop in Q1 of 2024, signalling potential rate cuts. Bruce Whitfield chats to Nicolaas van der Wath, economist at the Bureau for Economic Research about inflation dropping, signalling potential rate cuts. Analysts see sub-5% inflation, while business and unions expect above 5%. Five-year outlook decreases to 5.1%. Household expectations dip from 7.2% to 6.7%.

Brett Thompson, co-founder and CEO at  Newform Foods chats to Bruce about the elevation of the alternative meat industry as the Bezos Earth Fund announces a significant investment. The  $60 million allocation seeks to enhance taste, texture, and nutrition while reducing costs, addressing both climate change and the nutritional demands of a growing global population.

Bruce Whitfield is joined by Nicole van den Munckhof, a certified financial planner from Independent Securities, to explore lifestyle milestones necessitating financial planning and strategies for navigating them effectively.

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Inflation expectations drop in Q1 of 2024, signalling potential rate cuts. Bruce Whitfield chats to Nicolaas van der Wath, an economist at the Bureau for Economic Research about inflation dropping, signalling potential rate cuts. Analysts see sub-5% inflation, while business and unions expect above 5%. Five-year outlook decreases to 5.1%. Household expectations dip from 7.2% to 6.7%.

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In 2023, despite tough markets, the Johannesburg Stock Exchange (JSE) showed strong revenue growth, with HEPS up 12.2% and NPAT up 11%. This reflects JSE's resilience and adaptability, achieving a 19.4% return on equity. CEO Leila Fourie credits this success to diversifying revenue streams and staying competitive in uncertain times. And Chris Vorster, CEO at Stadio  on A+ growth spurt amid economic hurdles.

The author, a dynamic individual named Alex, founded DigsConnect International at the age of 25, making her South Africa's youngest startup tech prodigy. Inspired by student protests in 2016, she created a platform addressing the student housing crisis, which quickly gained traction. DigsConnect raised R12 million in its initial seed fundraising round in 2019, propelling it from a local startup to a global player in the tech landscape. She chats to Bruce Whitfield about the book.

Andre Vlok, a specialist in conflict and employment dispute resolution, negotiator, mediator, and author is our guest in How I Make Money. Initially trained as an attorney, Vlok practised in commercial litigation with a focus on employment disputes starting in 1990. After years of working as an employee, he ventured into establishing his own practice. Transitioning from running his own practice, he chose to leverage his legal expertise differently. In 2017, he launched three specialist consultancies dedicated to mediation and conflict resolution, addressing workplace disputes, and conducting commercial negotiations at an advanced corporate level. Vlok shares the journey of his career development and discusses the specifics of his current role

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John Smit, the South African former professional rugby player and founder of Barney's Army, on taking on the Absa Cape Epic to raise money for people who have been injured while playing rugby.

Tina Venter, executive for marketing operations at Absa Group, discusses their involvement in the Cape Epic and the bank's efforts to encourage more women to take up cycling.

For Friday File, Charl Neethling, head of marketing at Ciovita on the inspiration behind the cycle wear.

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•    Multiple subsea cable breaks causing internet chaos in South Africa.  Arthur Goldstuck, Founder and CEO at World Wide Worx explains the widespread problems are affecting the internet in the country. 

•    Sim Tshabalala, CEO at Standard Bank Group reported a 6% increase active , digital transactions up 30%, assets under management up 7%. Despite 2023's global uncertainty, South Africa's inflation peaked at 7.1% and ended at 5.1%, with GDP growth at 0.6%. Tshabalala emphasises resilience, strategic focus, and commitment to sustainable finance and Africa's growth.

•    Exxaro Resources delivered robust results despite tough conditions: zero fatalities, lower revenue of R38.7 billion (down 17%), and EBITDA at R13.4 billion (down 29%). The coal business stood out despite challenges, and Exxaro declared dividends totaling approximately R5.4 billion. CEO Nombasa Tsengwa highlighted safety achievements and a focus on sustainable growth. 

•    The splitting of retirement funds is a double-edged sword and could lead to not having sufficient retirement capital, according to retirement planning with consultant Bruce Cameron, co-author of 'The Ultimate Guide to Retirement in South Africa'. However, Christopher Axelson - Acting Head of Tax & Financial Sector Policy at National Treasury says do not be afraid.

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       -      Shapeshifter - Steven Kark, the co-founder and Group CEO of Paycorp, an international payments company based in South Africa

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Alastair Herbertson, MD of EM alternative credit at Ninety One on the asset management company’s infrastructure credit fund financing key South African projects in sectors like power and rail to boost sustainable economic growth, with over 80% of investments targeting the country.

CEO of Discovery , Adrian Gore delves into the  pioneering research they did alongside the London School of Economics. The research reveals the transformative power of habitual physical activity and its profound impact on longevity.

In our personal finance feature, Warren Ingram, co-founder of Galileo Capital and personal finance expert discusses why teaching children about money is a key part of their overall education and development. And how this valuable lesson about money can help set them up for financial success later in life.

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Andre Cilliers, director and currency strategist at TreasuryONE tracks the dollar’s superpower. 

And after Absa’s mixed financial results, Kokkie Kooyman, executive director & portfolio manager at Denker Capital on what local banks earnings say about the economy 

In How I Make Money, Johan Van Jaarsveld​​​​, Managing Director at Montego Pet Nutrition on how he ended up in the business of making food for pets.  

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Safair, commanding 60% of South Africa's domestic air travel and expanding regionally, faces a critical investigation over allegations of breaching local shareholding laws. Guy Leitch, Editor at SA flyer Magazine says although competitors have a basis for their complaint, the licensing conditions in SA are too restrictive.

After the SA economy slightly grew by 0.1% in Q4 of 2023, narrowly escaping a technical recession in Q4 of 2023, after it contracted by 0.2% in Q3 of the same year. Maarten Ackerman, chief economist at Citadel says there is nothing to be happy about as the figures point us to a South Africa that is in a “per capita recession”. This is because the population is growing faster than the struggling economy. 

In our investment scholl,  Chantal Marx, head of equity research at FNB Wealth and Investments on the dogs of the JSE and on when is it worth taking a chance? The dogs of the JSE are stocks that have lost more than 40% of their value over the last year include previous market darlings like Pick n Pay, Transaction Capital, PGMs, ArcelorMittal, Brait, Sasol, EOH, MTN, Spar, and Metair, etc.

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