The Money Show

Stephen Grootes speaks to Professor Renata Schoeman, Head of the MBA Healthcare Leadership Programme at Stellenbosch Business School, about the impact of toxic workplaces on employees' health; Katlego Thaba, Consulting Actuary and Partner at Deloitte Actuarial & Insurance Solutions, about the world of actuaries and career opportunities beyond financial services; and Mphilo Dlamini, Executive for Group Corporate Affairs at South African Airways (SAA), about the airline's delayed salary payments and financial position. Plus, Professor Mark Bussin, co-founder and Chair of 21st Century, reflects on his career in business, academia and corporate leadership, including his work advising major companies on executive...

Stephen Grootes speaks to Dis-Chem CEO Rui Morais about the pharmacy retailer's interim results, which show an 8% increase in group revenue to R23 billion, while headline earnings per share fell 12.8%. Despite pressure on profitability, Dis-Chem continues to gain market share, supported by its Better Rewards loyalty programme, which now has 8.2 million active members and has delivered R1.5 billion in customer savings since its launch.  

In other interviews, Jan Vermeulen, Editor at MyBroadband about a massive cyberattack on cryptocurrency exchange Binance, which has reportedly seen hackers linked to North Korea steal R104.7 billion in digital assets. South African c...

Stephen Grootes speaks to Johann Els, Chief Economist at PSG Financial Services, about Statistics South Africa's revised GDP figures, which show that the country's economy is approximately 5% larger than previously estimated. The revision follows changes to how economic activity is measured, including better estimates of informal and illegal economic activity.

In other interviews, agricultural economist Thabile Nkunjana talks about the size and economic potential of South Africa's cannabis industry. With growing interest in cannabis cultivation, processing and exports, questions remain about the industry's actual contribution to the economy, its potential to create jobs and the regulatory challenges...

Stephen Grootes speaks to Busisiwe Mavuso, CEO of Business Leadership South Africa (BLSA), about renewed momentum in South Africa's economic reforms. BLSA's latest Reform Tracker has reached its highest level since monitoring began in 2024, with progress in electricity, freight logistics and financial services. However, governance reforms have slipped, efforts to tackle corruption remain stalled, and concerns are growing that South Africa could return to the FATF grey list.

In other interviews, Mphilo Dlamini, Executive for Group Corporate Affairs at South African Airways (SAA) talks about growing concerns over the airline's financial position. SAA has reportedly delayed salary...

Stephen Grootes speaks to Busisiwe Mavuso, CEO of Business Leadership South Africa (BLSA), about progress in economic reforms, with improvements in electricity, freight and financial services, and also about how governance reforms and anti-corruption efforts remain stalled, raising concerns about a possible return to the FATF grey list. 

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to n...

Stephen Grootes speaks to Professor Keith Engel, CEO of the South African Institute of Taxation, about SARS's plans to introduce banknote-style security markers on cigarettes and alcohol to crack down on illicit trade. The proposed technology would help authorities authenticate and track products, making it harder for illegal operators to evade excise duties.

In other interviews, aviation expert Dr Joachim Vermooten talks about South African Airways' deepening financial troubles, with the airline delaying salary payments for a second consecutive month amid mounting cash-flow pressures. Despite receiving a R1 billion government guarantee, SAA is facing renewed questions about...

Stephen Grootes speaks to Belinda Sullivan, Head of Corporate Consulting Strategy at Alexforbes, about South Africa retaining its C grade in the 2026 Mercer CFA Institute Global Pension Index, ranking 51st out of 55 retirement systems. They discuss what the ranking reveals about the state of South Africa’s pension system and the factors contributing to its performance.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, en...

Stephen Grootes speaks to Pick n Pay CEO Sean Summers about the retailer's latest interim results and progress in its turnaround strategy. The group has narrowed its headline loss by 31.9% to R299 million, while turnover increased 2.4% to R60.5 billion. However, Pick n Pay's core supermarket business remains under pressure, recording a R516 million trading loss, despite improved margins and tighter cost controls. With Boxer continuing to drive group profitability and online sales growing 35.4%, how close is Pick n Pay to returning to profitability?

In other interviews, Greg Solomon, CEO of Pantry talks about how South Africa's petrol...

Stephen Grootes speaks to author Steven Boykey Sidley about his book Checkmate and how Shoprite Checkers transformed itself into a retail powerhouse; Warren Ingram from Galileo Capital about the billions of rands in unclaimed retirement benefits and how South Africans can recover their money; Craig Shapiro from ENS about an Eastern Cape tuckshop ordered to stop using the Sun City name following a trademark dispute; and Nedbank's Group Chief Marketing Officer, Kensi Nobanda, about her career journey, leadership lessons and being named Marketer of the Decade.

The Money Show is a podcast hosted by well-known journalist and...

Stephen Grootes speaks to Charles de Wet, Tax Executive at ENSafrica, about SARS handing more than 100 cases involving individuals named in commissions of inquiry to the National Prosecuting Authority. SARS is also preparing to introduce new technology to track products such as cigarettes and alcohol in a bid to crack down on illicit trade and recover billions in lost tax revenue.

In other interviews, Stephen Grootes spoke to Lwando Cwane, product head: cyber underwriting at iTOO Special Risks about a global security scare that has now reached South Africa, with the Presidency taking its website offline following...

Stephen Grootes speaks to Bertina Engelbrecht, Clicks Group Chief Executive Officer about the retailer's annual results, which saw turnover increase 5.4% to R50.4 billion, while headline earnings per share rose 4.4%. Despite pressure on consumer spending, Clicks continued expanding its pharmacy and store network, growing its ClubCard membership to 13.1 million and paying out nearly R1 billion in cashback rewards. With plans to open more stores, expand into townships and strengthen its online delivery offering, the results highlight how Clicks is positioning itself for growth in an increasingly competitive retail market.

In other interviews, Stuart Theobald, Executive Chairman of Krutham...

Stephen Grootes speaks to Stuart Theobald, Executive Chairman of Krutham, about plans by National Treasury and the South African Reserve Bank to turn the country into a hub for international investment management. The proposed Synthetic Financial Centre would allow qualifying financial institutions to manage foreign investments from South Africa, potentially attracting global business, creating skilled jobs and keeping more financial services revenue in the country. 

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features e...

Stephen Grootes speaks to Duncan Pieterse,  Director-General of the National Treasury, Bobby Ramagwede, CEO of the Automobile Association and Sifiso Skenjana, economist and Managing Director of ESG Analytics about Finance Minister Enoch Godongwana's 2026 Medium-Term Budget Policy Statement. Government has announced R10 billion in temporary fuel levy relief, while stronger tax collections have helped stabilise public debt. However, Treasury has cut its economic growth forecast to 1.2%, raising questions about whether improving public finances can translate into meaningful economic growth and relief for struggling households.

In other interviews, Darren Hele, CEO of Famous Brands talks about the group's interim r...

Stephen Grootes speaks to Isaac Matshego, Senior Economist at Nedbank, about what to expect from Finance Minister Enoch Godongwana's upcoming Medium-Term Budget Policy Statement. Despite pressure from rising fuel prices, inflation and global economic uncertainty, government finances have remained relatively stable, with tax collections holding up better than expected. However, slower economic growth, rising operating costs and pressure on government spending could complicate Treasury's plans to contain debt while maintaining public services.

In other interviews,  Timothy Walker, International Relations Specialist talks about the future of the Strait of Hormuz, one of the world's most important oil shipping r...

Stephen Grootes speaks to Warren Ingram, Certified Financial Planner at Galileo Capital, about the billions of rands in unclaimed retirement benefits and investments belonging to South Africans. More than R50 billion in retirement funds remains unclaimed, with the figure approaching R90 billion when other investments and dormant bank accounts are included. From forgotten pension funds to benefits left behind after changing jobs, Ingram explains how South Africans can track down money owed to them, claim it for free and avoid falling victim to scams.

The Money Show is a podcast hosted by well-known journalist and radio presenter...

Stephen Grootes speaks to Osagyefo Mazwai, Investment Strategist at Investec Wealth & Investment International, about South Africa's prospects of regaining its investment-grade credit rating by 2028. Investec believes there is a better than even chance of the country escaping junk status, following recent credit rating upgrades and improvements in fiscal management. However, with government debt approaching 79% of GDP and debt-servicing costs reaching R420 billion, further progress will depend on reducing debt, accelerating economic growth and maintaining political stability.

In other interviews, Khaya Sithole, CA(SA) and Director at Corusca Consulting talks about how government departments and state companies have...

 Stephen Grootes speaks to Dr Grieve Chelwa about his book How the IMF Strangles Africa, PwC’s Charles Stuart about the rise of streaming and the future of traditional television, and Advertising Regulatory Board CEO Gail Schimmel about her leadership journey and career as a novelist. Plus, in How I Make My Money, Cash Converters CFO Peter Forshaw discusses the business of pawn shops and how the industry is evolving.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal fin...

SA to end incentives for semi knocked-down vehicle assembly & South Africa's growing golf industry

Stephen Grootes speaks to Siyabonga Mthembu, Audit Partner and automotive sector lead at BDO South Africa, about the government's decision to phase out incentives for automakers that import nearly complete vehicles for local assembly. The move is aimed at encouraging manufacturers to produce more vehicles and components locally, create jobs and increase investment in South Africa's automotive industry. With local content currently averaging 38%, questions remain about whether the policy shift can strengthen domestic manufacturing and make the sector more competitive. 

In o...

Stephen Grootes speaks to Leila Ebrahimi, PwC Reward Partner about rising executive pay at South Africa’s largest listed companies. PwC’s latest Directors Remuneration and Trends report shows median CEO remuneration increased 9% to R23.2 million, while CFO pay rose 7% to R13.5 million, largely driven by performance-linked bonuses and long-term incentives. With shareholder support for executive pay strengthening, the findings raise questions about whether these increases reflect genuine value creation, how they compare with ordinary workers’ earnings and whether companies are doing enough to address pay inequality and the lack of diversity in top leadership positions.

In other...

Stephen Grootes speaks to Charles Stuart, Africa Entertainment and Media Leader at PwC, about the changing television landscape as streaming platforms gain ground on traditional broadcasters. PwC’s Africa Entertainment and Media Outlook forecasts streaming revenue growth of 7.6% annually in South Africa through 2030, compared with 15.9% in Kenya and 20.4% in Nigeria. While traditional television revenue is declining in South Africa, it continues to grow in Kenya and Nigeria. 

In other interviews, Dr Ongama Mtimka, Acting Director of the Raymond Mhlaba Centre for Governance and Leadership at Nelson Mandela University talks about whether Cosatu remains relevant to South African wor...

Stephen Grootes speaks to Fanie Ferreira, Chief Executive Officer at the Milk Producers' Organisation (MPO), about South Africa's milk glut that has triggered the biggest price cuts in ten years.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.  
  
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Stephen Grootes speaks to Stavros Nicolaou, Chairperson of Pharmisa about President Cyril Ramaphosa’s decision to establish a government-business task force to address challenges facing the pharmaceutical industry. The intervention follows concerns that government procurement policies favour cheaper imported medicines over locally manufactured products, with Pharmisa reporting more than 2,500 jobs lost in the sector over the past 18 months. 

In other interviews, Ulrik Bengtsson, CEO of Sun International talks about the launch of the group’s Responsible Gambling Charter and the need for a consistent national regulatory framework. The charter introduces stricter advertising restrictions, accessible player-protection tools and plans...

Stephen Grootes speaks to Stavros Nicolaou, Chairperson of Pharmisa, about President Cyril Ramaphosa’s decision to establish a government-business task force to address challenges facing the pharmaceutical industry. The intervention follows concerns that government procurement policies favour cheaper imported medicines over locally manufactured products, with Pharmisa reporting more than 2,500 jobs lost in the sector over the past 18 months. 

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, fin...

Stephen Grootes speaks to Boxer CEO Marek Masojada about the retailer’s interim results, with turnover rising 6.3% to R24.1 billion and trading profit increasing 8.1% to R1 billion. Despite constrained consumer spending and continued selling-price deflation, Boxer grew headline earnings by 9.1% and opened its 600th store. 

In other interviews, John Stopford, Head of Multi-Asset Income at Ninety One, about why global share markets have remained resilient despite a sharp rise in government bond yields. Higher yields typically put pressure on equities by increasing the cost of capital and offering investors an alternative to shares, but strong growth expectations, AI...

Stephen Grootes speaks to Ian Mann, Managing Director at Gateways Business Consultants, Jared Diamond’s book ‘Profits, Prophets, Coaches and Kings’, Advaita Naidoo, Africa Managing Director at Jack Hammer Global, about how fatherhood can influence male managers’ hiring and promotion decisions, Kevin Brady, CEO and co-founder of A2X Markets, shares his leadership journey and the story behind challenging SA’s stock exchange monopoly and Warren Ingram, Certified Financial Planner at Galileo Capital, explains the financial differences between sectional title ownership and life rights in retirement villages.

The Money Show is a podcast hosted by well-known journalist and radio...

Stephen Grootes speaks to Kaamil Alli, Ministerial Spokesperson for the Department of Trade, Industry and Competition, about South Africa’s efforts to diversify its export markets and strengthen domestic industry. The department’s 2025/26 annual report shows industrial investment reached R31 billion against a R10 billion target, while local procurement totalled R86 billion against a target of R50 billion. 

In other interviews, Mpumi Tyikwe, CEO of Sasria talks about the economic cost of protests that escalate into violence, following reports of vehicles being torched and foreign-owned shops looted in Soweto and Durban. The damage extends beyond property losses, disru...

Stephen Grootes speaks to Mzila Mthenjane, CEO of the Minerals Council South Africa, on the necessities of mining competitiveness- such as infrastructure, policies and investor’s confidence within the African Context. Africa has been notably a mineral rich continent however the attention is being shifted into what the raw material can do for business institutions, particularly those opposing each other. The rising demand of raw materials has been a key factor for investors as they have a knock-on effect on other facets of the business. 

In other interviews, Professor Francois Viruly, Economist and Professor at University of Cap...

Stephen Grootes speaks to Hardin Ratshisusu, Acting Commissioner at the National Consumer Commissioner and David Dickens, CEO of the Direct Marketing Association of South Africa (DMASA) about the National Consumer Commission launching a National Opt-Out Registry to crack down on unwanted spam calls. The NCC has published draft guidelines under the Consumer Protection Act that will require all direct marketers - from insurers and retailers to banks and call centres - to register, pay a fee, and cleanse their databases monthly against consumers who have placed a pre-emptive block.

In other interviews, Nicolene Schoeman-Louw, Managing Director at...

Stephen Grootes speaks to Karabo Tjale, EWN Traffic Reporter, Bobby Ramagwede, CEO of the Automobile Association and Sanisha Packirisamy, Group Economist at Momentum about whether the government should provide temporary tax relief as sharply higher fuel prices put renewed pressure on households and businesses. With petrol prices rising by more than R3 a litre in October, the debate is over whether protecting consumers now could prevent a broader hit to spending, business margins and economic growth, or whether further relief would put unsustainable pressure on government finances. 

In other interviews, James Hodge, Chief Economist at the Competition C...

Stephen Grootes speaks to Andrew Bahlmann, CEO of Deal Leaders International about Sanlam’s proposed buyout of Santam’s remaining shares for R505 a share, a 26.6% premium to Santam’s 2 October closing price. Sanlam, which already owns about 63% of Santam, wants to take the insurer fully private and delist it from the JSE, A2X and Namibian Stock Exchange. The deal still requires shareholder and regulatory approval, with Santam’s independent board unanimously backing the transaction.

In other interviews, Transport Minister Barbara Creecy talks about the worsening delays at the Durban Gateway Terminal, where vessel waiting times have nea...

Stephen Grootes speaks to Siphiwe Moyo, Organisational Behaviour Specialist, about workplace venting and emotional dumping; Carlo Murison, CEO and Founder of Two Tone Global, about rebuilding his creative agency and expanding into Kenya; Cobus Venter, Senior Economist at the Bureau for Economic Research, about AI’s impact on jobs; and Parmi Natesan, CEO of the Institute of Directors in South Africa, about her journey into leadership and the lessons she has learned along the way.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business de...

Stephen Grootes speaks to Matthew Parks, COSATU Parliamentary Coordinator on Cosatu's call for Parliament to pass a special appropriation bill that would make R10Bn available to assist with rising fuel prices.

In other interviews, Dawn Robertson, Visitor & Creative Economy Catalyst: Jozi My Jozi talks about 24 Hour Jozi, a city-wide photography project giving Joburgers the chance to document the city as they experience it. The initiative aims to capture a more authentic picture of Johannesburg while showcasing its people, neighbourhoods, culture and creative economy to a wider audience.

The Money Show is a podcast hosted...

Stephen Grootes looks at rising healthcare costs in South Africa, from the 2.88% medicine price increase to medical aid hikes of up to 8.9% for 2027. Stavros Nicolaou, Chairperson of Pharmisa, Katlego Mothudi, Managing Director at the Board of Healthcare Funders, and Dr Ron Whelan, CEO of Discovery Health, unpack what is driving these increases, the pressure on the healthcare sector and what they mean for consumers.

In other interviews, Home Affairs Minister Leon Schreiber talks about the department’s “Quantum Leap” vision to modernise government services, including the expansion of Home Affairs services through more than 500 bank branches, the digiti...

Stephen Grootes speaks to Patrick Dlamini, CEO of the Public Investment Corporation about the PIC’s 2025/26 performance, with assets under management rising 20% to R3.657 trillion despite R172 billion in net client outflows. The PIC’s net profit also increased 70% to R869 million, while its major client portfolios delivered strong returns against their CPI+ targets. 

In other interviews,  Graham Lee, CEO of Capitec talks about the bank’s strong first-half performance, with headline earnings rising 19% to R9.5 billion and return on equity at 31%. Growth was broad-based across Personal Banking, Business Banking, Fintech and Insurance, while active clients increased to 26.6...

Stephen Grootes speaks to Patrick Dlamini, CEO of the Public Investment Corporation, about the PIC’s 2025/26 performance, with assets under management rising 20% to R3.657 trillion despite R172 billion in net client outflows. The PIC’s net profit also increased 70% to R869 million, while its major client portfolios delivered strong returns against their CPI+ targets.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and poli...

Stephen Grootes speaks to Bronwyn Williams, Retail Analyst, about Shein’s shrinking profit margin and its move towards higher-priced clothing. When Shein entered South Africa, there were fears its ultra-cheap fast fashion model would seriously disrupt local clothing retailers. But that hasn’t happened to the extent many expected. What protected local retailers, and does Shein’s latest strategy suggest the limits of the ultra-cheap fast fashion model are now becoming clearer?

In other interviews, John Loos, Independent Economist talks about the sharp fuel price increases expected in October and whether government should step in to cushion motori...

Stephen Grootes speaks to David McKay, Miningmx Editor, about Gold Fields’ A$38.7 billion ($27 billion) takeover bid for Australian gold miner Northern Star Resources after its board unanimously rejected the proposal. Gold Fields says it intends to press ahead with the deal, which would create the world’s second-largest gold producer with annual output of about 4.1 million ounces. 

In other interviews, Philip Saunders, Director of the Investment Institute at Ninety One talks about the shifting balance of global power and what it means for investors. Charles argues that the US is losing some of its economic and geopolitical influ...

Stephen Grootes spoke to John Manyike about how AI is reshaping personal finance, spoke to Kingsley Makhubele about the shifting balance of power ahead of the Trump-Xi talks, while Ray White spoke to Wendy Knowler about the challenges of cancelling a Clientèle Perks subscription and to Dr Guy Leitch about a career defined by reinvention, risk-taking and following his passions.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top n...

Motheo Khoaripe speaks to Professor David Monyae, Professor of Political Science and International Relations at UJ and Director of the Centre for Africa-China Studies, about the latest Trump-Xi summit in Washington and what it means for the US-China relationship. The two leaders are seeking greater stability, with their trade truce extended, but major differences remain over Taiwan, Iran, trade and artificial intelligence.

In other interviews, Maude Modise, Enterprise and Government Relations Executive at the Shoprite Group talks about why South Africa’s SMMEs are surviving but struggling to scale. The 2026 State of the SMME report finds that 32.1% ha...

Ray White speaks to Thabile Nkunjana, Agricultural Economist, about the latest move to bring private manufacturers into the production of South Africa’s Foot-and-Mouth Disease vaccine and what it could mean for farmers dealing with an ongoing outbreak. Qualifying companies will be allowed to use the Agricultural Research Council’s intellectual property to manufacture its locally developed vaccine at scale, addressing a major constraint that has left the ARC unable to meet demand. 

Tags: Ray White, The Money Show, Agriculture, Thabile Nkunjana, FMD, Vaccines, 702, Cape Talk

The Money Show is a podcast hosted by wel...