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African Bank has started formal consultations with union Sasbo over a restructuring that could cut 1,200 jobs and close 90 branches. The bank says costs are outpacing risk-adjusted revenue, and it has already looked at savings in IT, procurement and property. Interim CEO Zweli Manyathi says no final decisions have been made and the bank will work with the union through the Section 189A process. Elvis Presslin spoke to COSATU National Spokesperson, Zanele Sabela...
Stephen Grootes speaks to Stuart Theobald, Executive Chairman of Krutham, about African Bank's sweeping restructuring plan after the lender announced it could cut up to 1,200 jobs and close around 90 branches. Following a series of acquisitions, mounting losses, and a leadership shake-up, the bank is under pressure to restore profitability and reset its long-term strategy. In other interviews, Rivoningo Mnisi, Eskom renewables group executive talks about government approval for Eskom Green as a standalone subsidiary and how it plans to attract private investment to deliver up to 32GW of renewable energy capacity by 2040. In other interviews, Ayabonga Cawe, Chief Commissioner of the International Trade Administration Commission (ITAC) talks about the Commission's decision to keep the import duty on frozen mixed vegetables unchanged at 10% despite calls from local producers for a sharp increase in tariffs. 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. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
Stephen Grootes speaks to Stuart Theobald, Executive Chairman of Krutham, about African Bank's sweeping restructuring plan after the lender announced it could cut up to 1,200 jobs and close around 90 branches. Following a series of acquisitions, mounting losses, and a leadership shake-up, the bank is under pressure to restore profitability and reset its long-term strategy. 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. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
The Zynga founder and OpenAI investor can't understand why analysts cap consumer AI at $500 billion in what he sees as a $6 trillion market - he thinks that gap is exactly where the real opportunity lies. Oil spiked as Iran struck a cargo ship in the Strait of Hormuz mid-negotiation, OpenAI stalled its IPO, and African Bank posted a near-billion-rand loss. Back home, who is behind the assassinations of candidates and councilors during South Africa's voter registration weekend, and what does it mean for the elections ahead?
Stephen Grootes speaks to African Bank Interim CEO Zweli Manyathi about the lender’s surprise half-year loss of R624 million and the challenges of integrating a string of acquisitions that have yet to deliver the expected returns. With credit impairments rising sharply, costs under pressure and questions around possible job cuts. In other interviews, Ferial Haffajee, Associate Editor, Daily Maverick talks about the City of Johannesburg’s plan to add 1,000 managers and professionals to its workforce despite mounting financial pressure, unpaid bills and growing concerns over governance. This also comes as Finance Minister Enoch Godongwana has given the metro a deadline to explain why the National Treasury should not withhold funding over concerns about its financial management, unfunded budgets and rising debt. 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. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up more than sixfold, and the very morning African Bank's loss landed, Tharisa was locking in fresh funding for its next mine. Anglo American, meanwhile, is reshaping itself around copper, selling out of coal and much of its South African portfolio while holding on to iron ore, and what that signals for local investors is the real question.
Interim Group CEO at African Bank, Zweli Manyathi, reflects on the challenging trading environment, repositioning the business through new leadership and how to best serve their customers in the next six months. SAfm Market Update - Podcasts and live stream
This evening, we unpack the day's market movements with Sanlam Private Wealth, examine the role of leadership and turnaround strategy at African Bank, discuss the indicators used to determine a living wage with the Living Wage South African Network, explore why the wheat reference price has remained unchanged with Itac, look at efforts to make wealth creation more accessible with Standard Bank, and, in our SMME feature, we celebrate a milestone in haircare with Nilotiqa. SAfm Market Update - Podcasts and live stream
Nhlanhla Sehume speaks to Zweli Manyathi, Interim CEO at African Bank See omnystudio.com/listener for privacy information.
Motheo Khoaripe speaks to Khaya Sithole, Independent Analyst and CA(SA), about the regulatory fallout facing African Bank after the Financial Services Tribunal backed the Prudential Authority in rejecting a controversial intra-group transaction that effectively cycled capital through its structures. 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. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.
This evening, we dive into the latest market developments with FNB Wealth and Investments, we unpack African Bank's appearance before the Financial Services Tribunal with Denker Capital, we look at Eskom's report pointing to Thyspunt as a potential nuclear site with North-West University, we discuss food security in Southern Africa with the Presidential envoy on Agriculture and Land, we hear from the Road Freight Association on how fuel price hikes are squeezing freight operators, and in Property Insights, we break down how property fraud works – and what you can do to prevent it – with Only Realty SAfm Market Update - Podcasts and live stream
Kokkie Kooyman – Executive Director & Fund Manager, Denker Capital SAfm Market Update - Podcasts and live stream
Stephen Grootes speaks to Chairman of the Boards, Thabo Dloti noted about steering the bank through its next consolidation phase following the conclusion of Kennedy Bungane’s five-year tenure. 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. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
Mandira Bagwandeen, NSI research affiliate and a lecturer at Stellenbosch University spoke to Clarence Ford on Standard Bank’s integration into China’s Cross-Border Interbank Payment System (CIPS) Views and News with Clarence Ford is the mid-morning show on CapeTalk. This 3-hour long programme shares and reflects a broad array of perspectives. It is inspirational, passionate and positive. Host Clarence Ford’s gentle curiosity and dapper demeanour leave listeners feeling motivated and empowered. Known for his love of jazz and golf, Clarrie covers a range of themes including relationships, heritage and philosophy. Popular segments include Barbs’ Wire at 9:30am (Mon-Thurs) and The Naked Scientist at 9:30 on Fridays. Thank you for listening to a podcast from Views & News with Clarence Ford Listen live on Primedia+ weekdays between 09:00 and 12:00 (SA Time) to Views and News with Clarence Ford broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/erjiQj2 or find all the catch-up podcasts here https://buff.ly/BdpaXRn Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.
Stephen Grootes speaks to African Bank Group CEO Kennedy Bungane about the Bank’s 2025 annual financial results, highlighting its transformation into a diversified, customer-centric institution and its strong performance despite a challenging environment. In other interviews, Stephen Grootes gets to know Marelize van Zyl’s inspiring career journey as the CEO of Aspire Art, where she leads the company’s strategic growth and creative vision, specializing in modern and contemporary African art and expanding into collectable cars. 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. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
Loyalty in financial services is big business, touching millions of customers and billions in spend every day. But it is also one of the most competitive sectors in loyalty. With open banking, rapid fintech innovation, and rising digital expectations, financial services brands must work harder than ever to earn trust, engagement, and long-term loyalty. In this episode, we bring together a panel of leaders from some of the world's most successful financial services programmes. Johan Moolman, now at Sanlam Bank and formerly of eBucks in South Africa, shares his experience from a market widely regarded as a global leader in financial services loyalty. Nceba Hene from African Bank discusses the team's award-winning approach, having been recognised as Team of the Year at the International Loyalty Awards. And JP Lips, former CEO of Nectar in the UK and now President for Europe at Capillary Technologies, adds a broader global perspective on what success looks like. Together, they explore the challenges of building loyalty in financial services, how these challenges differ across markets, what sets top-performing programmes apart, and the essential advice they would give to anyone new to the sector. Sponsored by Capillary Technologies.
Stephen Grootes speaks to African Bank Group CEO Kennedy Bungane about the Bank’s 2025 annual financial results, highlighting its transformation into a diversified, customer-centric institution and its strong performance despite a challenging environment. 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. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
Nosipho Radebe speaks to Edna Sathega-Montse, Chief Transformation & Sustainability Officer at African BankSee omnystudio.com/listener for privacy information.
This evening, we dive into market movements with Sasfin Wealth, we speak to Growthpoint and Old Mutual executives about their latest results, we discuss the possibility of a merger between African Bank and Postbank to create a new state bank with Denker Capital, Allan Gray discusses the importance of waiting out the market, and we get to know Regional Director and CEO, RE/MAX Southern Africa, Adrian Goslett. SAfm Market Update - Podcasts and live stream
Nhlanhla Sehume is in conversation with Maher Yamout, Lead Security Researcher, Global Research & Analysis Team at KasperskySee omnystudio.com/listener for privacy information.
Stephen Grootes speaks to Kennedy Bungane, African Bank's CEO, about the bank's impressive financial performance, with a 15% increase in net profit after tax to R202m and a 6% rise in customers to 6.1 million, driven by strategic shifts towards secured lending and revenue diversification. 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. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
Jane Dutton speaks to Maya Fischer-French, Personal Finance Journalist at Maya on Money about the R700,000 fine imposed on African Bank by the Financial Sector Conduct Authority for a misleading social media advert that referred to a personal loan as an "investment". 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.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk.There’s more from the show at www.themoneyshow.co.zaSubscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa.Follow us on:702 on Facebook: www.facebook.com/TalkRadio702702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalkCapeTalk on TikTok: www.tiktok.com/@capetalkCapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalk See omnystudio.com/listener for privacy information.
Nosipho Radebe is in conversation with Darryl Adriaanzen, Group Chief Operations Officer at African BankSee omnystudio.com/listener for privacy information.
Nosipho Radebe speaks to Anbann Chetty, Group CFO at African Bank See omnystudio.com/listener for privacy information.
Stephen Grootes speaks to CFO Anbann Chetti about African Bank Holdings Limited's latest annual financial results, which show a solid performance despite a tough economic environment, and the bank's progress in implementing its Excelerate25 strategy.See omnystudio.com/listener for privacy information.
Kennedy Bungane – CEO, African Bank SAfm Market Update - Podcasts and live stream
This evening we look at the markets with PSG Old Oak, speak to the CEOs of African Bank, Zeda, and Vukile Property Fund about their respective results, and the South African Iron and Steel Institute joins us to discuss a massive new steel factory in Zimbabwe and the impact it's likely to have on South Africa's steel industry. SAfm Market Update - Podcasts and live stream
Awakening the Audacity to Believe. Nosipho Radebe is in conversation with the Group CEO at African Bank, Kennedy Bungane. #POWERBusiness #AfricanBank #AudaciousLeaders #AudacityToBelieveSee omnystudio.com/listener for privacy information.
The Evolution of the African Merchant. Nosipho Radebe is in conversation with the Chairman of the Board at African Bank, Thabo Dloti to expand on the importance of tonight's event.See omnystudio.com/listener for privacy information.
We are at the launch of the Black Pioneers: The Untold Stories of African Merchants, our panel discussion is chaired by Thabiso Tema. Our panelists are: Chairman of the Board at African Bank, Thabo Dloti Group CEO at African Bank, Kennedy Bungane Author of the African Bank Black Pioneers, Phakamisa Ndzamela Maponya Family Spokesperson, Chichi MaponyaSee omnystudio.com/listener for privacy information.
22nd Oct: Blockchain DXB Podcast
Kokkie Kooyman – Director, Denker Capital SAfm Market Update - Podcasts and live stream
Africanbank Holdings recently shared their preliminary results as noteworthy and optimistic as they had achieved a number of milestones in moving forward with their plan to list in 2025. To unravel the mystery of what all of this means is CEO at African Bank, Kennedy Bungane who joins host Bruce Whitfield.See omnystudio.com/listener for privacy information.
Concerns abound as industrial gas users express dissatisfaction with the proposed solutions outlined in the draft gas master plan, fearing a looming crisis in 2026. The plan's unrealistic timelines and absence of viable remedies have left stakeholders apprehensive about the future, with the looming threat of "day zero" when gas supply from Mozambique ceases. As pressure mounts, Jaco Human, CEO of the Industrial Gas Users Association of Southern Africa emphasises the need for swift and effective action in order to avert potential economic repercussions and job losses Business executives and financiers commemorate the legacy of Dr. Samuel Motsuenyane, regarded as the pioneer of Black entrepreneurship, following his passing at the age of 97. Motsuenyane, a founding member of the National African Federated Chamber of Commerce and Industry, was instrumental in establishing the African Bank. Warren Ingram, a personal finance expert and Co-Founder of Galileo Capital, joins host Bruce Whitfield to explore the timing and rationale behind engaging in the lottery and the growing popularity of sports betting. Despite the prevalent scepticism surrounding these activities, they delve into the underlying motivations that drive individuals to participate, considering the slim odds of winning in the lottery.See omnystudio.com/listener for privacy information.
Business executives and financiers commemorate the legacy of Dr Samuel Motsuenyane, regarded as the pioneer of Black entrepreneurship, following his passing at the age of 97. Motsuenyane, a founding member of the National African Federated Chamber of Commerce and Industry, was instrumental in establishing the African Bank. GUEST: Dr Thabo Dloti| Chairman of African Bank board|, Cas Coovadia | CEO at Business Unity SA|, Bongi Kunene | Banking Association SA See omnystudio.com/listener for privacy information.
Naledi Mfoloe reports on bank being accused for institutionalized racism --- Send in a voice message: https://podcasters.spotify.com/pod/show/africandiasporanews/message Support this podcast: https://podcasters.spotify.com/pod/show/africandiasporanews/support
Anbann Chetti – CFO, African Bank SAfm Market Update - Podcasts and live stream
Chantal Marx of FNB on Sibanye's convertible bonds issue rattling the market and Telkom's results. African Bank CFO Anbann Chetti discusses its results, as bad debts rise. Hein Reyneke of Mainstream Renewable Power on reaching financial close on its 97.5 MW solar PV project.
Guest: Kennedy Bungane | CEO at African Bank| See omnystudio.com/listener for privacy information.
African Bank's earnings have come under pressure. Profit for the year slumped over 31% to R505 million, as the lender's bad debts rose. Business Day TV discussed the annual performance with Zweli Manyathi, Group Executive for Business Banking at African Bank.
Zweli Manyathi, AGroup Executive Business Banking at African Bank discusses the bank's growth plans and its acquisition of Sasfin's commercial divisions - a third acquisition in 18 months Siyabonga Mthembu|BDO Audit Partner on The Money Show Explainer: The implosion of Transnet. And why does it matter who runs it next? Friday File with Sarah Kennan | Founder/Owner of Leonista See omnystudio.com/listener for privacy information.
Sasfin's David Shapiro discusses the day's market moves, the rand's recovery, a change in local market sentiment, retailers as the top winners this week, where foreigners are putting their money, and how African Bank's results reflect the struggles of consumers. SAfm Market Update - Podcasts and live stream
Kennedy Bungane – CEO, African Bank SAfm Market Update - Podcasts and live stream
The Money Minute with Lennox WasaraSee omnystudio.com/listener for privacy information.
Gustav Raubenheimer, finansiële hoof van African Bank gesels oor of hulle tevrede is met die verslag en hoe dit met die bankse digitale strategie gaan.
African Bank has delivered double digit growth in earnings as its annual profit after tax grew by 38%. The improvement comes as the number of loans it gave to its customers grew to above pre-covid levels, further boosting revenue earned from interest. Business Day TV spoke to the company's CEO, Kennedy Bungane for more of the detail
African Bank says that all the conditions precedent to the Grindrod Bank transaction have been met and all regulatory approvals have been obtained. This sets the stage for the merger to now take place. Business Day TV caught up with Zwelibanzi Manyathi, group executive for business banking at African Bank for more insight into the transaction.
Profile Interview with African Bank's Group Executive: Business Banking, Zwelibanzi ManyathiSee omnystudio.com/listener for privacy information.
Simon Shares Save R500k with a deposit. ETF closing prices are an absolute mess. Cashbuild (JSE code: CSB) results see them coming back to earth after a pandemic boost. Education stocks all published results. ADvTECH* (JSE code: ADH) is my pick, but all showing student growth and cash generation. Shoprite* (JSE code: SHP) gets permission to turn their money market account into a bank account. Grindrod (JSE code: GND) currently runs the service for Shoprite and African Bank is buying Grindrod Bank. Walmart (NYSE code: WMT) is set to make an offer to the Massmart (JSE code: MSM) minorities for the remaining 47% at 6800c. Netflix (Nasdaq code: NFLX) plans to price its ad-supported plan at $7-to-$9 per month with about 4 minutes of adverts per hour. Purple Group* (JSE code: PPE) back at 203c, always be very careful of casing a news story (the Asia deal announced last week with very few details). Tsogo Sun Hotels (JSE code: TGO) changes its name on 7 September. They will become Southern Sun Limited (JSE code: SSU). UK inflation, Goldman Sachs now saying 22% is possible next year. Sun International* (JSE code: SUI) strong results. Consumers under pressure shouldn't hurt too much as they mostly target higher LSMs and they paid the first dividend (88c) since 2016. Currently, ±3200c is resistance. Greylisting Financial Action Task Force (FATF) Cracking down on money laundering and funding terrorism. Greylisting can reduce a country's capital flows by as much as 7.6%, according to an IMF working paper. Cabinet has approved a raft of new amendment bills but leaving it late, very late. Our deadline is September/October after being put on the watch list last year. The important questions; Will we get greylisted? What happens if we do? If greylisted, how do we get off the list? * I hold ungeared positions.
Bruce Whitfield talks to Benedikt Sobotka, CEO of Eurasian Resources on the opportunities that mining has as the globe transition to clean energy. Kennedy Bungane , CEO at African Bank on their half-year results. Martin Kromat, senior Partner at Phatisa on the company leading a DFI consortium investment into RSA integrated food business. Petri Redelinghuys, founder at Herenya Capital Advisor explains reverse repo, and how they work and why they are important in the current climate See omnystudio.com/listener for privacy information.