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Stephen Grootes discusses the contentious budget vote and its far-reaching financial implications with Nhlanhla Nene, former finance minister, and delves into the preliminary revenue collection figures for the 2024/25 fiscal year with Edward Kieswetter, SA Revenue Service commissioner. In other interviews, Johann Kotze, CEO of AgriSA, talks about the recent visit of high-profile South African business and labour leaders to Washington, where they sought to gauge the sentiment of US officials towards South Africa. 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.za Subscribe 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/TalkRadio702 702 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/CapeTalk CapeTalk on TikTok: www.tiktok.com/@capetalk CapeTalk 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.
Stephen Grootes speaks to Nhlanhla Nene, former finance minister, about the highly criticised budget vote and its financial implications and potential consequences. 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.za Subscribe 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/TalkRadio702 702 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/CapeTalk CapeTalk on TikTok: www.tiktok.com/@capetalk CapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.
Nosipho Radebe speaks to Nhlanhla Nene, Chairman, The European House Ambrosetti (TEHA) AfricaSee omnystudio.com/listener for privacy information.
Stephen Grootes talks to Nhlanhla Nene about the TEHA CEO Dialogue, exploring its 10-year legacy, key challenges facing Africa, and the unique business opportunities emerging from this year's event.See omnystudio.com/listener for privacy information.
Food For Mzansi's assistant editor, Duncan Masiwa, recently chaired an insightful discussion on food security with the African Agri Council.In this dialogue, he helmed the inaugural Food Security Strategy Meeting, where industry leaders delved into the latest developments, future prospects, and essential requirements in food and agriculture.This podcast offers a glimpse into that discussion, featuring insights from Gilles Mettetal, Chairman of the advisory board of the African Agri Council, Nhlanhla Nene, board member of the African Agri Council and former finance minister, and Frank Braeken, African Agri Council board member and advisor for major agro and food firms in Africa.
Nhlanhla Nene is Chairman of the Thebe Investment Corporation and was Minister of Finance of South Africa from February 2018 to October 2018 under President Cyril Ramaphosa and from May 2014 to December 2015 under President Jacob Zuma. From 2008 to 2014 he was Deputy Minister of Finance. NOLUTHANDO MTHONTI-MLAMBO speaks to Nhlanhla Nene, Chairman, Thebe Investment Corporation and SA Former Finance Minister.See omnystudio.com/listener for privacy information.
Sim Tshabalala, CEO at Standard Bank and Colin Coleman, Former Goldman Sachs Partner, currently Distinguished Fellow, Insead, Co Chariman YES and member preview SA Inc. goals for 2023. The Money Show Explainer with Nhlanhla Nene, Former Minister of Finance: What is a central bank's mandate and should it be fluid Friday File - Luxurious Cigars To Sample For The New Year See omnystudio.com/listener for privacy information.
Clement speaks to MEC of Cooperative Governance and Traditional Affairs, Mxolisi Dukwana about the state Capture Report and what came out of the Free State Asbestos project, EOH Holdings Ltd, Chief Executive Officer, Stephen van Coller about the outcomes of the State Capture Report. and Former Finance Minister, Nhlanhla Nene about the state Capture Report and how difficult it was to be a resistor of state capture. See omnystudio.com/listener for privacy information.
Clement Manyathela is hanging out with the former Minister of South Africa Nhlanhla Nene to talk about his personal life and what he's currently busy with. See omnystudio.com/listener for privacy information.
President Cyril Ramaphosa getuig voor die Zondo-kommissie dat hy die afdanking van finansminister Nhlanhla Nene in 2015 as die laaste strooi beskou het. Ekonoom Moeletsi Mbeki gee ANC-beleid die skuld vir armoede en werkloosheid.
It has emerged at the State Capture Commission of Inquiry that former Finance Minister Des Van Rooyen and his advisor Mohamed Bobat only exchanged contact details shortly before Van Rooyen was sworn-in at the Union Buildings in 2015. This after Nhlanhla Nene was unexpectedly dismissed. Former Director of Communications at Treasury Phumza Macanda has told the commission that this happened in the waiting room where she met both Van Rooyen and Bobat for the first time.
Former National Treasury director-general Lungisa Fuzile on his 2nd day of testimony, has told the Commission of inquiry in State Capture that Des Van Rooyen "broke tradition" by not attending a formal handover with his predecessor, Nhlanhla Nene. Fuzile was relating how events unfolded during the short period that Van Rooyen was the Finance Minister.....
Business Unity South Africa (BUSA) says while former Finance Minister, Nhlanhla Nene's timing to resign is regrettable, the appointment of Tito Mboweni as his replacement does not spell an introduction of a new fiscal direction but rather a move to entrench stability at National Treasury. BUSA's CEO, Tanya Cohen has urged Mboweni to maintain commitments made in the February Budget as the country heads to the Medium-Term Budget Policy statement in just over two weeks. Cohen adds that Nene's resignation signals the seriousness with which the current leadership in government views allegations into state capture. Tsepiso Makwetla spoke to Business Unity South Africa's CEO, Tanya Cohen and Political Economy Analyst Zamikhaya Maseti
Political pressure is building on Finance Minister Nhlanhla Nene to step down. So far, several opposition parties including the EFF, DA, Cope and the UDM have called for Nene's head following his admission to the State Capture Inquiry that he had several meetings with the Gupta family during his first term as finance minister and before that while he was deputy finance minister. Tsepiso Makwetla spoke to political economist and senior research fellow at Trade Collective, Lebohang Pheko..
Steinhoff shareholders seemed to breath a sigh of relief this week when Steinhoff-owned retailer Mattress Firm managed to secure an eleventh-hour bank bailout. But is this really the good news it seems, and what may be behind the deal? Alec Hogg and Felicity Duncan dig into events at Steinhoff as the consequences of the scandal continue to unfold. They also take a look at Nhlanhla Nene's big week (and his Gupta apology) and chat about Elon Musk's latest Tweet-storm.
Listening to yesterday’s testimony by South African finance minister Nhlanhla Nene was riveting. It also forces the rational mind to ponder where the country would be if this modest man from rural KwaZulu Natal hadn’t stood up against the financial wrecking of former president Jacob Zuma and his cronies. The country was headed the same way as Turkey. And if Edrogan’s example is overlaid on SA, the currency would today be trading around R25 rather than R14 to the US Dollar; and interest rates would certainly be well above 20% - and the stock market (and hence citizens' retirement savings) would be substantially lower. We got a taste of where the country was heading during two insane trading sessions that followed Zuma’s decision on 9th December 2015 to fire his respected finance minister, an action spooked investors, sending shockwaves through the financial system. The Rand plummeted, bond prices soared and the stock market tanked. I crunched the numbers and quantifiable losses on stocks and bonds totalled over came to R500bn. Those chaotic few days became known as Nenegate – a crash amplified by Zuma’s replacement of Nene with one of his lackeys, an unknown backbencher. The tailspin only levelled out after Zuma bowed to pressure from an unusually vocal business lobby and ANC insiders. Against his wishes replaced his Weekend Special finance minister with respected Pravin Gordhan – a man he’d fired a few years before (and was destined to do again 15 months later). This podcast is based on testimony presented by the man who gave Nenegate its name, who has now spoken publicly of the matter for the first time. After two years in the political wilderness, he was reinstated as finance minister when new president Cyril Ramaphosa took office in January. Nene spent four and a half hours testifying to the Commission of Inquiry into State Capture, headed by SA's Deputy Chief Justice Raymond Zondo.
On today's show, we are looking at top FDI destinations in Africa according to the 2017 data; on our chat segment, we will be looking at Africa Investment Forum 2018 which was recently launched by the President of the African Development Bank, Dr. Adesina, to be hosted in Johannesburg coming later this year; And lastly on our lifestyle segment, we will be talking about wine. Join the conversation on Twitter @AfricaBizRadio using the #AfricaNow. Download Our Mobile App on Andriod and IOS Speaking at a meeting with the delegation from AfDB, South Africa's Minister of Finance, Nhlanhla Nene, said, “The Africa Investment Forum is indeed Africa's investment marketplace. We have no doubt that it will have the desired development impact. South Africa is not only a gateway for investments on the continent but also a leading African investor. We thank you for allowing South Africa to host the inaugural event.” Become a supporter of this podcast: https://anchor.fm/africa-podcast-network/support
On today’s show, we are looking at top FDI destinations in Africa according to the 2017 data; on our chat segment, we will be looking at Africa Investment Forum 2018 which was recently launched by the President of the African Development Bank, Dr. Adesina, to be hosted in Johannesburg coming later this year; And lastly on our lifestyle segment, we will be talking about wine. Join the conversation on Twitter @AfricaBizRadio using the #AfricaNow. Download Our Mobile App on Andriod and IOS Speaking at a meeting with the delegation from AfDB, South Africa’s Minister of Finance, Nhlanhla Nene, said, “The Africa Investment Forum is indeed Africa’s investment marketplace. We have no doubt that it will have the desired development impact. South Africa is not only a gateway for investments on the continent but also a leading African investor. We thank you for allowing South Africa to host the inaugural event.” --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
On today’s show, we are looking at top FDI destinations in Africa according to the 2017 data; on our chat segment, we will be looking at Africa Investment Forum 2018 which was recently launched by the President of the African Development Bank, Dr. Adesina, to be hosted in Johannesburg coming later this year; And lastly on our lifestyle segment, we will be talking about wine. Join the conversation on Twitter @AfricaBizRadio using the #AfricaNow. Download Our Mobile App on Andriod and IOS Speaking at a meeting with the delegation from AfDB, South Africa’s Minister of Finance, Nhlanhla Nene, said, “The Africa Investment Forum is indeed Africa’s investment marketplace. We have no doubt that it will have the desired development impact. South Africa is not only a gateway for investments on the continent but also a leading African investor. We thank you for allowing South Africa to host the inaugural event.” The African Investment Forum provides an open platform to organize efforts among mul --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
On today's show, we are looking at top FDI destinations in Africa according to the 2017 data; on our chat segment, we will be looking at Africa Investment Forum 2018 which was recently launched by the President of the African Development Bank, Dr. Adesina, to be hosted in Johannesburg coming later this year; And lastly on our lifestyle segment, we will be talking about wine. Join the conversation on Twitter @AfricaBizRadio using the #AfricaNow. Download Our Mobile App on Andriod and IOS Speaking at a meeting with the delegation from AfDB, South Africa's Minister of Finance, Nhlanhla Nene, said, “The Africa Investment Forum is indeed Africa's investment marketplace. We have no doubt that it will have the desired development impact. South Africa is not only a gateway for investments on the continent but also a leading African investor. We thank you for allowing South Africa to host the inaugural event.” The African Investment Forum provides an open platform to organize efforts among mul Become a supporter of this podcast: https://anchor.fm/africa-podcast-network/support
Maui tackles Nhlanhla Nene, Xi Jinping and Arsene Wenger.
The Money Show’s Bruce Whitfield interviews former Minister of Finance Nhlanhla Nene.
Democratic Alliance leader, Mmusi Maimane has demanded a progress report from Public Protector, Thuli Madonsela, who is investigating allegations of state capture by the Gupta family. This comes after the Guptas announced over the weekend that they will sell all their South African business interests. The Public Protector launched an investigation into this matter at the DA's request some months ago. This followed Deputy Minister, Mcebisi Jonas' revelations that the wealthy family had offered him the position of Finance Minister after Nhlanhla Nene was removed by President Jacob Zuma. Maimane says the investigation must continue...
Deputy finance minister, Mcebisi Jonas has confirmed to the SABC that he was offered finance minister post by the Gupta family. The family had previously denied that they made the offer to Jonas on condition that he clears the way for the much mooted nuclear deal. It was first reported that the job was offered to Jonas just weeks before finance minister Nhlanhla Nene was fired. Jonas says he rejected the position
Global investors have quizzed President Jacob Zuma about the rationale behind the sacking of Nhlanhla Nene as finance minister during his meeting and captains of undustry on the final day of the World Economic Forum in Davos, Switzerland. On Thursday, ratings agency Standard and Poor's warned that South Africa's credit rating will be downgraded if further policy mistakes are made and if growth continues to disappoint. We spoke to the SABC's Francis Herd, Senior Research Fellow in the Economic Diplomacy programme at the South African Institute of International Affairs, Peter Draper and Senior Researcher at the Institute for Global Dialogue, Sanusha Naidu on how such platforms benefit African economies...
President Jacob Zuma has defended his decision to fire Finance Minister Nhlanhla Nene. In an interview with the SABC the president dismissed reports that his decision was irrational after replacing Nene with former Merafong Mayor Desmond Van Rooyen. President Zuma was forced to rescind his decision after negative reaction from the markets which saw the Rand crashing. Presidential Correspondent Tshepo Ikaneng has filed this report..
The newly appointed Finance Minister David Van Rooyen has lost his job after just four days in office. He is now replaced by Cooperative Governance and Traditional Affairs Pravin Gordhan. President Jacob Zuma removed Van Rooyen from his portfolio last night and appointed him the new Minister of Cooperative Governance and Traditional Affairs which was earlier led by Gordhan. Van Rooyen took over from Nhlanhla Nene last Wednesday. But his appointment was met with fierce criticism from within government, business, opposition parties and even some within the ANC. Our Presidential Correspondent Ntebo Mokobo reports
Ratings Agency Moody's says it will closely monitor any potential policy implications of the move by President Jacob Zuma to remove Nhlanhla Nene as the country's finance minster. It says fiscal policies are an important factor in its assessment of a country's credit profile. The agency cited earlier this week that lack of sufficient capital inflows into the country will affect the rand negatively. Morafe Tabane reports
Die storm rondom die onverwagse afdanking van die Minister van Finansies, Nhlanhla Nene, wil nie wyk nie. Ekonome, politici en ontleders gebruik sosiale media om hulle robuuste menings hieroor te deel. Anita Visser praat hieroor met Theo Bekker, 'n politieke ontleder aan die Noordwes-Universiteit.
DA leader Musi Maimane speaks to SAfm's Sakina Kamwendo about consequences that the country is going to face following President Jacob Zuma's decision to recall Nhlanhla Nene as Finance Minister.
Die Rand het gesteier ná president Jacob Zuma se skokaankondiging dat hy die Minister van Finansies, Nhlanhla Nene, die trekpas gegee het. Hy word vervang deur die ANC LP, David van Rooyen. Anita Visser en Ivor Price praat hieroor met prof Amanda Gouws van die Unversiteit Stellenboach en die joernalis en ontleder Max du Preez.
President Jacob Zuma has replace Finance Minister Nhlanhla Nene with former Merafong Mayor David Van Rooyen without giving any reason. The president thanked Nene for his commitment on his job during difficult economic times in the country.
The G20 summit which ends today in Turkey is said to present a plenty opportunities to fascilitate Africa's sustainable development agenda. Some of the major concerns raised at the G20 summit by South Africa is the water shortage could have a serious impact on food prices, employment and revenue growth . Meanwhile, one on the gun men in the attack in Paris has been identified by the Police as Omar Ismail Mostefai. Sakina Kamwndo spoke to Finance Minister Nhlanhla Nene and Expert in Terror and Islam, Professor Farid Esack.
Finance Minister Nhlanhla Nene delivered his medium term budget policy statement as student protests broke out outside the National Assembly building in parliament. Nene's speech was delayed by at least half an hour. This was after EFF's members of parliament requested a postponement of the tabling of the mini budget in a bid to address the students concerns about university fee increases. Tshepo Mongoai reports
Economic news and analysis with Nerina Visser of ETF SA Mining and manufacturing production stats released yesterday points to ongoing sluggishness in the South African economy, finance minister Nhlanhla Nene say GDP growth of 2% is "attainable and realistic", despite the electricity shortages and the African Union Annual Summit is currently taking place in Sandton ...
Finance Minister Nhlanhla Nene presents his budget speech this afternoon. It will be the first national budget since 1994 that will require increased taxes to raise revenue. Sakina Kamwendo spoke to Economist at Economists dot co.za, Mike Shussler
Grant Thornton tax guru AJ Jansen v Nieuwenhuizen believes that SA's former Finance Ministers Trevor Manuel and Pravin Gordhan had it comparatively easy. He reckons Nhlanhla Nene faces the toughest balancing act since 1994 and cautions that wrong decisions taken in past years should not be compounded by further mistakes. AJ suggests a move on VAT and the fuel levy to shore up sagging State finances - but with an appreciation that the only way out of the morass is faster economic growth.
All eyes are on the Minister of Finance, Nhlanhla Nene when he presents the National Budget Speech for 2015/16 on Wednesday. Chief Economist at Institute of Race Relations Ian Cruickshanks gives his views on the Budget Speech as well as the issue of Illicit Financial Flows from Africa.
South Africa is cutting back on consumption spending as total debt approaches 50 percent of gross domestic product, a level the government considers unsustainable. This come out during the Mid-Term Budget presented by Finance Minister, Nhlanhla Nene in Parliament on Wednesday. Tighter fiscal policy at a time when the central bank is raising interest rates to curb inflation may limit economic output and delay efforts to slash a 25.5 percent jobless rate. We spoke to Chief Econominst and Director at Economatrix, Dr Azar Jamine...
Chris Gilmour , analyst at absa wealth and investment management looks at: 1) The Medium-Term Budget Policy Statement coming up on Wednesday-what kind of baptism of fire can Nhlanhla Nene expect? 2) The global economic backdrop that caused havoc on world equity markets in the past couple of weeks-now that the “dust has settled”, what caused this and what is likelt to happen from here on in? Are we past the worst or is there more to come? 3) Chinese Q3 GDP figures coming out on Tuesday-what are they likely to reveal? 4) Flash PMIs for US. Eurozone, Germany and France on Thursday-mixed bag? Highlights and lowlights?