The Money Show

Jan Vermeulen, editor at Mybroadband on the chilling revelation of a ransomware group's claims to have infiltrated the Companies and Intellectual Property Commission (CIPC) since 2021, exposing the agency's alleged cover-up of a breach three years ago. 

Peter Major, mining analyst on SA’s platinum industry, warns of heightened pressures with significant job losses following a 35% plunge in PGM prices due to decreased global demand.

Hendrik Du Toit, CEO at Ninety One chats about the early stages of his career, to where he is now. And the asset management environment in the current tough economic climate we are in.

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Milkor, a global defence solutions provider, proudly presents the Milkor 380 – Africa's largest locally developed unmanned aerial vehicle (UAV) - an aircraft that carries no human pilot or passengers. With an impressive 35-hour endurance, it excels in Border Surveillance, Maritime Operations, and Reconnaissance. Daniel du Plessis, Marketing and Communications Director at Milkor discusses how this drone can revolutionise SA’s defence industry 

GUEST:  Daniel du Plessis| Marketing and Communications Director at Milkor

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Chris Steward | Portfolio Manager at Ninety-One

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In a chilling revelation, a ransomware group claims to have infiltrated the Companies and Intellectual Property Commission (CIPC) since 2021, exposing the agency's alleged cover-up of a breach three years ago. The hackers assert control over the agency's systems, unveiling critical security flaws and demanding a $100,000 ransom. CIPC's response remains shrouded in secrecy as the attackers challenge the agency's commitment to cybersecurity, leaving sensitive information at risk. Jan Vermeulen, Editor at MyBroadband unpacks…

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Lesetja Kganyago, SA Reserve Bank’s Governor on the performance of the country's economy. 

Pieter Engelbrecht, CEO at Shoprite on its group's sales outpacing the rest-of-market growth in South Africa, as its core business segment sales surged by 14.6%, reflecting an extra R12.4 billion in customer spending compared to the previous year. 

On personal finance, Warren Ingram, co-founder of Galileo Capital on money and happiness. And whether your age and your money make you happy.

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Mpumi Madisa, CEO at Bidvest Group discusses how the company was able to be resilient in a tough trading environment; characterised by high inflation, peak interest rates and minimal underlying economic growth, while being able to record significant interim financial growth, strategic acquisitions, and a commitment to sustainability. 

Co-author of Who will Rule South Africa? Adriaan Basson maps the ANC’s ruling for the past 30-years  from Mandela to Ramaphosa, and the rise of a new political class that will determine the next phase of South Africa’s democracy.

Catherine Hodgson, The Hodgson Group CEO on how she makes her money. She spoke about owning a business with her husband and her work as a mentor and coach. 

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Hein Kaiser, journalist at the Citizen gives an update on the sale of low cost airline, Mango. 

On The Money Show Explainer, Wandile Sihlobo, author and agricultural economist on SA and Saudi Arabia partnering for agricultural exports.

For Friday, Danielle Towsen, head of marketing at Odyzzey on their luxury high-end products.

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Allan Pullinger, CEO at FirstRand, South Africa's largest lender, on reporting a 6% rise in half-year earnings, reaching R19.1 billion, driven by strong net interest income growth.

Wikus Olivier, Chief Financial Officer at Santam tells Bruce Whitfield that, despite challenges like economic slowdown and high reinsurance costs, it has maintained its market share and expanded shareholder value, thanks to its diversified portfolio and strong broker network.

Bruce Cameron, consultant on retirement funds on why the new two-pot retirement system in South Africa, effective from September 1, 2024 — which will allow early withdrawals from retirement funds — is concerning, as it will potentially boost individual spending and impact the economy and inflation.

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Woolworths SA’s CEO Roy Bagattini takes Bruce Whitfield through the company's annual results. The retailer reported strong growth with a 5.4% increase in turnover, driven by a standout performance in the Food business. Despite economic challenges, Woolworths SA is making progress against its strategies, supported by a bolstered balance sheet from the sale of David Jones. They plan to reinvest R10 billion over three years to accelerate growth initiatives.

Pauli Van Wyk, journalist with Scorpio at Daily Maverick on SARS  pursuing billions from Sasfin over a Gold Leaf Tobacco money laundering scandal. The revenue service alleges Sasfin Bank aided in moving R8.2 billion in untaxed funds out of the country with the help of 11 employees, despite warnings about lax controls.

For our shapeshifter, we had Michael Fridjhon, International Wine Expert at Wine Wizard 

Jancis Robinson describes him as "South Africa's leading wine writer." WINE says he’s South Africa’s most widely consulted liquor industry authority. Michael Fridjhon is widely recognized as South Africa’s foremost wine taster and wine judge. With over four decades' experience in every segment of the industry, show chairman on three different continents and on more than 20 occasions, author, co-author or contributor to more than 40 books including the Oxford Companion to Wine, the Global Wine Encyclopaedia and the John Platter Wine Guide - he brings unparalleled judgement and experience to the task of reviewing a wine and its potential. His notes are the best and safest guideline available to collectors and consumers of Cape wines.

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