Podcasts about r400

Stephen Grootes speaks to Carol Paton, Editor-at-large at Fin24, about the legal battle as the PIC seeks to reclaim a R400 million BEE payment for Lanseria. PIC CEO Patrick Dlamini says the R411 million payout was based on an “unacceptable” overvaluation of Lanseria Holdings by around 400%. 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 South African National Council on Alcoholism and Drug Dependence (SANCA) has expressed concern at recent research revealing that South Africa is giving Russia a run for its money as the world's fastest-growing alcohol market. The country is out-performing a number of emerging markets including India and Brazil, with a reported 80% of our adult populations consuming alcohol. SANCA says the figures are particularly concerning as they come on the back of another recent report by the National Gambling Board, which revealed that South Africans spent over R1.5 trillion on gambling in the past financial year alone, indicating a R400 billion increase from the previous year. For a look at what the driving factors in the country's excessive alcohol related addictions, Elvis Presslin spoke to South African National Council on Alcoholism and Drug Dependence National Co-ordinator, Adrie Vermeulen and the South African Depression and Anxiety Group spokesperson, Cassey Chambers

Bongani Bingwa speaks to Advocate Ulrich Roux, founder and managing director of Ulrich Roux & Associates, following public outrage after the Gauteng High Court granted R400 000 bail to Katiso ‘KT’ Molefe. Molefe is accused of masterminding multiple murders, including the assassination of DJ Sumbody and his bodyguards. He is already out on R100 000 bail for a separate case — the killing of engineer Armand Swart, who was shot 23 times outside his workplace. KZN police commissioner Lt-Gen Nhlanhla Mkhwanazi previously told parliament Molefe is allegedly linked to the Big Five criminal cartel. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Listen live on Primedia+ weekdays from 06:00 and 09:00 (SA Time) to Breakfast with Bongani Bingwa broadcast on 702: https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/36edSLV or find all the catch-up podcasts here https://buff.ly/zEcM35T Subscribe to the 702 Daily and Weekly Newsletters https://buff.ly/v5mfetc 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/Radio702 702 on YouTube: https://www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.

Jet-setting ministers have cost the taxpayers more than R273m in travel costs. According to ActionSA's GNU tracker, ministers have spent R273m on travel, accommodation, stipends and related costs since July 2024, covering both domestic and international trips. The tracker excludes salaries and capital assets and is updated continuously. Sakina Kamwendo spoke to Dr Kagiso TK Pooe, a public policy specialist at the Wits School of Governance and ActionSA's MP Alan Beesley

The Democratic Alliance in Gauteng will lay criminal charges today against former Head of the Gauteng Department of Transport, Ronald Swartz. DA Shadow MEC Evert Du Plessis says Swartz, who served from 2013 to 2019, oversaw significant financial mismanagement. A PricewaterhouseCoopers report revealed over R400 million in irregular expenditure on bus subsidies during the 2016/17 and 2017/18 financial years, plus R70 million in fruitless and wasteful spending in 2015/16. None of the lost funds have been recovered. Elvis Presslin spoke to DA Shadow MEC for Roads and Transport, Evert Du Plessis

South Africa's sluggish economic growth since 2010 has left its citizens 40% poorer than the global average. Osagyefo Mazwai, investment strategist at Investec Wealth & Investment International told BizNews in an interview that the country's GDP per capita decoupled from global peers in 2010, with growth averaging just 1% annually compared to 4.5% for emerging markets. This has resulted in a nominal GDP of R7.4 trillion today, versus a potential R11.5 trillion had growth kept pace. The R5 trillion shortfall in government revenue could have reduced national debt and funded critical infrastructure, like Eskom's R400 billion transmission network expansion. He said key barriers to growth are energy shortages, logistics inefficiencies, crime, and an under-skilled workforce and called for urgent government action to stabilise electricity, improve logistics, reduce crime, and enhance workforce skills and to foster a business-friendly environment with less red tape.

William Small-Smith, kommersiële hoof van Paymenow, bespreek Standard Bank se besluit om Paymenow se gestruktureerde bedryfskapitaalfasiliteit uit te brei. Volg RSG Geldsake op Twitter

Kgomotso converses with Troy Motsime, about his love for animals and he is attempting to summit Kilimanjaro this year for the first time as part of the Kusudi La Kilimanjaro team which is raising funds for the Sandton SPCA.

Several listeners from the fishing, school, and Hartbeespoort communities asked Good Morning Angels to assist the Blom family after seven-year-old Johandré lost his arm in a crocodile attack. With the help of all our amazing sponsors, we managed to raise R400,000 to assist the young boy and his family. On the morning that Johandré's dad visited Jacaranda FM, he also received the amazing news that his son had woken up from his coma—and it has been uphill from there. Breakfast with Martin Bester caught up with the family to find out how life has been since the terrifying attack.

‘In the first seven days of April [clients] deposited R400 million ... So the old adage that retail runs away from a fight or from a storm is just not true': Purple Group CEO Charles Savage.

We're coming back to Barcelona for one of the biggest trade shows for the AV industry. Integrated Systems Europe 2025 comes to the Fira from February 4-7 in Spain, and we're on the path to see what innovative solutions we can expect to see.We talk to Ampetronic's Head of Business Development Sam Burkinshaw about what Ampetronic and Listen Technologies will have at stand R400 in Hall 3. We also discuss the regional details that come with broadcast audio-based solutions for assistive listening.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Stephen Grootes speaks to Daniel Strauss, Partner at Stocks & Strauss Fund Manage , about the launch of the University Technology Fund II, a R400 million fund aimed at commercializing groundbreaking research and intellectual property from South African universities.See omnystudio.com/listener for privacy information.

In this week's episode of the #MoneyMagic Podcast, Vangile talks to Phemelo Sello, a healer and entrepreneur. Phemelo shares his personal journey with money, which began with negative experiences in his family, including financial instability and the emotional impact of money-related issues on family dynamics.    These early experiences shaped his initial negative beliefs about money, but through his spiritual and personal growth, he has transformed his understanding and relationship with money.   In this podcast he shares his healing journey in Wealthy Money's Money Magic course, which involved deep inner work, including meditations focused on ancestral healing, such as the womb meditation, which he found transformative despite being a cis man. He explains that spiritual labor, though undervalued, is crucial for aligning mental and physical efforts with one's true purpose and guidance.    By engaging in spiritual labor, he experienced significant improvements in his personal relationships and business success, growing his revenue from R400,000 (US$22,000) per annum to R6 million (US$331,000) per annum,  emphasizing the importance of healing in community and the interconnectedness of spiritual, mental, and physical labor. This is another insightful episode.    Tune in!   During this episode, you will learn about:   [03:07] Introduction to Phemelo    [06:19] What is money   [08:26] Unpacking family dynamics around money and ancestral money wisdom   [11:30] The reinforcement that money tears families apart   [15:57] People pleasing to maintain the calm and finding value in performing   [17:52] Doing womb meditation as a cis man to heal the female linaeage   [22:29] Exploring different types of labor   [26:36] Healing our families by healing ourselves   [32:07] Valuing physical and mental labor over spiritual labor   [36:55] Making more money by working less time   [45:21] Instead of following your purpose, do things on purpose   [50:37] Why we value physical labor   [52:44] Contacting Phemelo  Notable Quotes    “Money is the thing that we can consistently rely on to work with each other, to build with each other.” “So instead of follow your purpose, do things on purpose. So do things intentionally. Do things because There's conviction behind why you're doing them.” "Spiritual labour is the core, it's the seed of what informs whether your mental labour or your physical labour is going to result in the thing that you want." "I stopped working 8 hours or 12 hours, and I cut down my actual time sitting doing work on the business or for the business to four hours a day and to four days of the week." “Even with the work that I was doing with the divine feminine, my relationship with my dad got better."   Additional money trauma resources:   One on One Coaching: https://www.wealthy-money.com/coaching  Money Magic course: https://www.wealthy-money.com/moneymagic  7 Day Tapping into Ancestral Money Wisdom Training: https://wealthy-money.com/training Let's connect on Instagram: https://www.instagram.com/vangilemakwakwa/ 

Let's get to the meat of this high stakes story!  Eyewitness News can reveal that at least 20 Portuguese butchery owners and staff were kidnapped in the province since January last year - with one victim murdered.Last week, within the space of 72 hours, three butchery owners were kidnapped.Just one of the three victims has been found or released.In most cases, ransom demands for the safe release of the victims range from R400,000 to R3.5 million, while in at least nine of these cases, ransom demands started from R10 million.While it may or may not be a coincidence, all the victims are originally from the region of Madeira in Portugal - some being third or fourth generation South Africans.What's the story behind the story? EWN reporter Orrin Singh shares more now See omnystudio.com/listener for privacy information.

ペンを1本しか持たないミニマリストが、新たにペリカンのスーベレーン・ローラーボールを手に入れました。今回、書くことについて考えながら、これまで使用していたLAMYサファリとジェットストリームを交えつつ、その魅力に迫ります。字が汚くてすみません。 00:00 イントロ 01:05 LAMYサファリ 01:53 デジタルとアナログにおける制作 03:40 スーベレーン R400 04:40 水性ローラーボールを使う理由 06:20 スーベレーン試し書き 07:48 リフィルについて 12:30 OHTOリフィルの悩ましいところ 14:01 リフィルテスト（ペリカン、ラミー、ジェットストリーム、OHTO） 16:42 カラー比較 17:37 まとめ ペリカン　スーベレーンR400 https://amzn.to/3IwQDn2 動画版はこちら https://youtu.be/vXt2DZJOxV0

The decision by the South African National Botanical Institute - Sanbi - to increase entrance fees to the Kirstenbosch National Botanical Garden has left many people up in arms saying the new tariffs are unaffordable for most South Africans. The garden, was last year named the best botanical garden in Africa. According to the Botanical Society, who are opposed to the fee increases, South African and SADC citizens will now pay R100 per adult and R40 per child under 18 per visit. They say a family of four who would have paid approximately R1,124 per year for unlimited free garden entry, will now pay around R280 per visit. Sanbi on the other hand has called the  proposed fees reasonable and accessible and meant to expand the diversity of people who visit botanical gardens. Sanbi says from 1st April 2024 adult membership will be R800 per annum. Membership for verified students is pegged at R600 per year while children (aged six to 17) pay R400 per annum. Sebenzile Nkambule spoke to  Sanbi's marketing and communications director, Ntsiki Mpulo...

Nhlanhl Sehume speaks to the CEO of Curro Holdings, Cobus Loubser about the company's results. The group, established in 1998, reported that net cash generated from operating activities climbed 9% to R875 million in its year to end-December, when pupil numbers picked up an average 2% to about 72 000. Tuition fees rose about 12%, with the company passing on average fee increases of about inflation (6%) plus 2%, while it also benefited from a change in pupil mix. Its operating margin picked up to 17.8% from 15.5%, but profit still slumped 86% to R32 million. Finance costs increased by about a quarter, while impairments more than doubled to almost R400 million.See omnystudio.com/listener for privacy information.

Household consumption in South Africa is expected to pick up slightly in 2024 after likely growing at its weakest pace in three decades last year, outside of the global financial crisis and Covid-19 lockdown, according to a HSBC Global Research study. Growth in consumer spending is expected to be below trend at 1.1% this year, compared with 0.7% estimated for 2023, analysts led by David Faulkner said in the report. "The outlook for the consumer remains challenging, but having struggled so much last year we think there is room for stronger household finances as 2024 progresses," the analysts wrote. Household consumption has been constrained by sticky inflation, elevated interest rates, and a fragile labour market recovery, amid weak economic growth, they said. Policymakers at the South African Reserve Bank have been reluctant to cut rates that they held at 8.25% at their meeting last week and said they won't act until they see convincing evidence price pressures are heading sustainably to target. The HSBC analysts don't expect this scenario to change anytime soon. They forecast inflation to average 5.3% this year, compared with 5.9% in 2023 and 5.1% in 2025, and poorer households again facing higher price growth due to food. "Against this backdrop of sticky price growth and elevated inflation expectations, we see little scope for significant policy easing this year, with the SARB likely to remain cautious until there is a sustainable trend of disinflation towards the preferred 4.5% midpoint of the target range," they said. "This will limit the relief for debt service costs, which increased to an annualised R400-billion in the third quarter, equal to 9% of disposable income" and could rise by about R30-billion this year. Due to these pressures, the analysts anticipate that the central bank will start cutting its benchmark policy rate only in September. Still, they expect a recent extension of a monthly R350 stipend for poorer households, which was introduced during the coronavirus pandemic and will now run until March 2025, continuing "to support household spending at the bottom end of the income distribution, with the possibility that it is made more generous ahead of national elections." South Africa holds elections this year and Finance Minister Enoch Godongwana will be closely watched for signs of pre-voting generosity when he delivers the annual budget statement in Cape Town on February 21. He has said the nation needs to live within its means, but faces pressure from other parts of the government to loosen the public purse at time when polls show the ruling African Nation Congress at risk of losing its majority for the first time since the end of minority-White rule in 1994. "Election related uncertainties may also curb the scope for stronger sentiment as consumers weigh political risks," the analysts cautioned.

South African startup Eagle Eye Defence has developed an in-vehicle security system that uses fingerprint verification to start the power train. Cofounder Iviwe Mosana describes Eagle Eye Defence as a "tech-enabled asset security company, which looks at the provision of preventative, detective and corrective measures to ensure ultimate asset protection". "Our current device is a multi-faceted authenticator for assets (mainly vehicles), which provides a complete usage block until a valid biometric measure is presented, in addition to having the correct vehicle key." Mosana is from Mdantsane in the Eastern Cape. He is an accountant by profession, and holds a BCom Financial Accounting (CA Stream) degree, as well as a postgraduate diploma in accounting from UCT. He has more than seven years' experience in the retail and security industry. Eagle Eye's other cofounder, Naadir Vorajee, is from Ladysmith in KwaZulu-Natal. Vorajee is an engineer by profession, and has a BSc degree in mechatronics, as well as a master's degree with a focus on electrical components. Mosana says the spark for what would become Eagle Eye Defence arrived in 2016, as he witnessed his younger brother's heartbreak as he lost two of his friends, both minors, in an accident where they used their parents' vehicle without consent. "This made us aware of the weakened control environment within the asset environment," says Mosana. "When addressing control, Naadir and I came to the understanding that we should not only look at the ability to direct the use of an asset, but that it should also encompass the ability to hinder movement." The system "verifies that the correct, authorised individual is about to make use of the vehicle", says Mosana. "Without an approved biometric, the system does not allow for the use of the key. "We have conducted several tests, in controlled environments, on several vehicles, without limitation, so we can safely say that installation can happen in any vehicle as it stands. "Once available, the tech will be available for installation with our partner companies, which will be announced prior to our intended launch date in June," says Mosana. "We are currently working on the system's cosmetic features and further efficiency improvements, prior to our final approval application with the Independent Communications Authority of South Africa (Icasa)," he adds. "We have a provisional type approval with Icasa, which has allowed us to install our units in a controlled environment for testing, research and demonstration purposes." Eagle Eye's biometric system is an aftermarket installation, and the team aims to secure a spot on the approved list of vehicle manufacturers' aftermarket parts. "The cost is estimated to be anywhere between R400 to R580 a month on a subscription model," says Mosana. "This cost could potentially be absorbed by some key potential partners, such as insurance companies, given the reasonable assurance it provides." Mosana says while the system currently employs fingerprint verification, Eagle Eye is investigating the introduction of other biometric options. "The technology is also linked to a web-app to allow for access to additional functionality, such as remote disabling, the tracking of vehicles and driver allocations." Mosana says he and Vorajee believe their technology will set a new security standard within the insurance, rental and leasing, fleet management, public transportation and e-hailing sectors. "E-Squared has been working closely with us throughout the development of our device and we remain eternally grateful to them," he adds.

South African startup Eagle Eye Defence has developed an in-vehicle security system that uses fingerprint verification to start the power train. Cofounder Iviwe Mosana describes Eagle Eye Defence as a "tech-enabled asset security company, which looks at the provision of preventative, detective and corrective measures to ensure ultimate asset protection". "Our current device is a multi-faceted authenticator for assets (mainly vehicles), which provides a complete usage block until a valid biometric measure is presented, in addition to having the correct vehicle key." Mosana is from Mdantsane in the Eastern Cape. He is an accountant by profession, and holds a BCom Financial Accounting (CA Stream) degree, as well as a postgraduate diploma in accounting from UCT. He has more than seven years' experience in the retail and security industry. Eagle Eye's other cofounder, Naadir Vorajee, is from Ladysmith in KwaZulu-Natal. Vorajee is an engineer by profession, and has a BSc degree in mechatronics, as well as a master's degree with a focus on electrical components. Mosana says the spark for what would become Eagle Eye Defence arrived in 2016, as he witnessed his younger brother's heartbreak as he lost two of his friends, both minors, in an accident where they used their parents' vehicle without consent. "This made us aware of the weakened control environment within the asset environment," says Mosana. "When addressing control, Naadir and I came to the understanding that we should not only look at the ability to direct the use of an asset, but that it should also encompass the ability to hinder movement." The system "verifies that the correct, authorised individual is about to make use of the vehicle", says Mosana. "Without an approved biometric, the system does not allow for the use of the key. "We have conducted several tests, in controlled environments, on several vehicles, without limitation, so we can safely say that installation can happen in any vehicle as it stands. "Once available, the tech will be available for installation with our partner companies, which will be announced prior to our intended launch date in June," says Mosana. "We are currently working on the system's cosmetic features and further efficiency improvements, prior to our final approval application with the Independent Communications Authority of South Africa (Icasa)," he adds. "We have a provisional type approval with Icasa, which has allowed us to install our units in a controlled environment for testing, research and demonstration purposes." Eagle Eye's biometric system is an aftermarket installation, and the team aims to secure a spot on the approved list of vehicle manufacturers' aftermarket parts. "The cost is estimated to be anywhere between R400 to R580 a month on a subscription model," says Mosana. "This cost could potentially be absorbed by some key potential partners, such as insurance companies, given the reasonable assurance it provides." Mosana says while the system currently employs fingerprint verification, Eagle Eye is investigating the introduction of other biometric options. "The technology is also linked to a web-app to allow for access to additional functionality, such as remote disabling, the tracking of vehicles and driver allocations." Mosana says he and Vorajee believe their technology will set a new security standard within the insurance, rental and leasing, fleet management, public transportation and e-hailing sectors. "E-Squared has been working closely with us throughout the development of our device and we remain eternally grateful to them," he adds.

Clover's Brand Group Manager, Jani Menikou on the outcomes of the "Pink for Purpose" campaign in partnership with PinkDrive which raised a commendable amount of R400 000.00 during the month of October, which will aide in the fight against breast cancer and supporting PinkDrive's efforts to conduct screenings for early detection of breast cancer.See omnystudio.com/listener for privacy information.

The problem with telcos I have long said that telcos such as MTN (JSE code: MTN) and Vodacom (JSE code: VOD) is that they are essentially utilities and should be priced as such. But actually that statement is wrong. Sure voice (who still calls using voice?) and data are utilities like water and electricity. BUT the telcos have a problem, capex. Yes we're using more and more data but prices keep coming down, I recently bought an effective 80 GB for little over R400. And all that while capex is increasing. They're busy rolling out 5G but as soon as that's done it'll be tine for 6G. It's a never ending tread mill. Simon Shares Brent oil is weak and telling us a story about global growth Clicks (JSE code: CLS) vs. Dis-Chem (JSE code: DCP) results contrats. REITs unloved and cheap, time to buy? Simon Brown

The need for sand to make bricks has resulted in Limpopo entrepreneur stumbling upon a gold prospect for which a prospecting licence application has been acknowledged by the Department of Mineral Resources and Energy (DMRE). Kaputeni Mining head Tsholofelo Shipalanah, a 34-year-old mother who is making 3 000 bricks a day and generating R200 000 to R400 000 a year, intends using some of the revenue to also fund a gold search. (Also watch attached Creamer Media video.) In wanting to put an end to procuring river sand for brickmaking mined by others, Kaputeni applied to the DMRE for the right to mine sand – and discovered that the sand area sought has a gold-mining history. As a consequence, in addition to applying for the sand mining licence, Kaputeni now also wants a gold prospecting licence, with aspirations of becoming a gold miner in the area of Burgersdorp, a village outside of Tzaneen, where Shipalanah proudly declares being “born and bred”. DMRE has already let Kaputeni know that no other application has been submitted for the area in question. Mining Weekly: It's good to have a business going which is generating cash that you can then use to prospect. Is that the idea? Shipalanah: That is the idea. On how Kaputeni goes about selling its bricks, Shipalanah said: ”We sell them to the surrounding communities and we've started talks with BuildIt so that we can be their supplier. We're in the process of finalising the contract with BuildIt. What will happen is BuildIt will buy from me in bulk and then they will sell to their customers.” Shipalanah initially pursued a career in the sciences, having earned a Bachelor of Science Honours degree from the University of Limpopo in 2011. With aspirations of becoming a scientist, she secured her first job as a technician at the national blood service. However, in the midst of all that, watching her father running his own construction company inspired her to pursue entrepreneurship. “Every time I looked at him, I would think ‘no man, this is something that I want to try'”, which she did, and her father is now a 20% shareholder of Kaputeni, which has 16 permanent employees. Earlier this year, Kaputeni invested in a generator to shield itself from the disruptive downtime caused by loadshedding, but amid the high price of diesel, Shipalanah is now intent on, at some time in the future, transitioning to renewable energy. Since embarking on her entrepreneurial path in 2018, Shipalanah's business has experienced growth with the help of Fetola and the SAB Foundation's Tholoana Enterprise Programme. Fetola means ‘change' in Sesotho and the Fetola team describes itself as being inspired by United Nations Goal 17 to foster partnerships that are a force for good. On assistance received, Shipalanah highlighted how the programme provides a mentor to enable prospective entrepreneurs to establish a business structure. “It's very, very helpful,” she enthused – and interestingly, she is continuing to study – this time project management through Unisa.

Prime is a new international sports drink that is now available on the South African market. It has gone viral on social media due to the involvement of YouTube celebrities KSI and Logan Paul. It has also been doing the rounds with celebrities and ordinary folk like us. Prime energy drink goes for R400 right here in uMhlanga

Beurtkrag se impak op selfoonopvangs kos landbou reeds R400 miljoen. 'n Nooddienswerker vertel van die verwoesting wat Sikloon Freddy in Malawi gesaai het. Die inflasiekoers styg tot 7%.

Finance Minister, Enoch Godongwna was expected to table his 2023  budget speech in a short while. Civic organisation, Budget Justice Coalition (BJC) says it hopes that the Minister will not use the social budget to fund the current crises caused by the government's bad spending habits. It cautions that the allocation of funds and reduction in spending to address the R400 billion Eskom debt, must not be implemented to the detriment of other rights found within the Constitution. For more we are now joined on the line by Motlatsi Komote , Chairperson of the Budget Justice Coalition

Integrated poultry producer Astral Foods has advised that its poultry division has experienced severe operational disruptions through the first quarter of its 2023 financial year, mainly as a result of loadshedding, leading to abnormal additional costs and substantial production cutbacks. The company says it has to cut back on at least 12-million broiler placements for the six months ending March 31, and is reasonably certain that its earnings per share (EPS) will decrease by about 90%, or by 142c, compared with the EPS of R14.56 posted for the six months ended March 31, 2022. The abnormal costs relate to a backlog in the broiler slaughter programme, which has resulted in older and heavier birds consuming higher levels of feed. Additionally, excessive processing costs are being incurred, as additional shifts are being implemented to try and address the substantial backlog in the group's integrated broiler supply chain. “The larger bird size and continued loadshedding disruptions have compromised the group's poultry product offering. As such, a substantial poultry selling price increase would be required to recover the high feed input costs and the impact of loadshedding. “However, Astral has been unable to implement the selling price increase required and, as a result, continues to rather subsidise the increased cost of production to its customer base and the consumer,” CEO Chris Schutte states. He adds that, based on prevailing market and operational conditions, the cost to produce chicken exceeds the selling price by at least R2/kg. Accordingly, the poultry division is expected to incur significant losses for the first half of the financial year. The poultry division's feed input costs make up about 70% of the cost of producing a live broiler. On the other hand, Schutte explains that the feed division has successfully managed to limit the impact of loadshedding by using available spare capacity among its various feed mills, however, this has come at an additional cost. Future capital expenditure (capex) for this division has been committed to negate further risk. The higher internal feed volumes will positively impact the feed division's financial performance for the six months ending March 31. Owing to prolonged loadshedding, as well as the general decay of municipal infrastructure, Astral has had to embark on numerous capital projects, including installing diesel generators and additional water storage at its facilities, while putting other capex projects on hold while the adverse market conditions persist. The projected cost of loadshedding for the group for the first half of the 2023 financial year will be about R400-million. With chicken becoming ever more expensive to produce in South Africa, it sets back the industry, which is already experiencing trying times with record high input costs for both feed and energy sources. “The shameless demise of a number of State-owned entities that are responsible for supplying essential services and maintaining general infrastructure, is impacting business sentiment and reinvestment decisions for growth, which directly threatens food security into the future,” Schutte laments. He points out, however, that the group's balance sheet remains healthy, with good levels of liquidity in place, following a superb performance in the financial year ended September 30, 2022. “For the first time in South Africa, food security is now under threat owing to the agriculture sector's reliance on basic infrastructure and services, which are failing. Moreover, the increasing cost of the food basket, which includes poultry as a staple protein, will place the consumer under extreme stress owing to financial hardship. “If prevailing market and operational conditions owing to loadshedding continue, it could lead to Astral resizing its business in the short term, resulting in job losses throughout the supply chain,” Schutte concludes.

President Cyril Ramaphosa has indicated that there is no intention of overhauling the Energy Action Plan he unveiled in July last year, even while acknowledging that “many of the measures in the plan will not be felt in the immediate term” and that loadshedding will, thus, continue. Writing in his weekly newsletter following a week of consultative meetings on the electricity crisis with various social partners and the National Energy Crisis Committee (NECOM), which he chairs, the President said he had used the meetings to underline “the importance of staying the course, instead of coming up with unsustainable short-term solutions”. “Six months ago I announced a national Energy Action Plan to improve the performance of Eskom's power stations and add new generation capacity as quickly as possible. “This plan was the result of extensive consultation and was endorsed by energy experts as the most realistic path towards ending loadshedding,” the President writes. Many of the measures, would not be felt in the immediate term, however. “We must be realistic about our challenges and about what it is going to take to fix them. While we all desperately want to, we cannot end loadshedding overnight.” He made no reference in the newsletter to his reported request to Eskom to halt the implementation of the 18.65% tariff increase, which was recently sanctioned by the National Energy Regulator of South Africa. Such an intervention, while popular, would further weaken Eskom's financial ability to respond to the crisis, including to implement the Energy Action Plan's goal of recovering the performance of the under-maintained coal fleet, as well as to beef up security around Eskom's assets, which have become hotbeds of corruption and crime, including sabotage. Speaking on Radio 702, Eskom chairperson Mpho Makwana denied the President had requested Eskom to halt the hike, but had rather requested the utility to assess ways to “absorb the impact of the 18.65%”. "We have indicated that we have a number of brilliant minds on our board that will look at all means possible to ease the pain. We are sympathetic to South Africans," Makwana said, adding that it would report back to NECOM on possible mechanisms to limit the impact of the tariff increase. Should the increase, which is due for implementation on April 1, be moderated, it is possible that Eskom may need to approach the National Treasury for support over-and-above the regular injections already being received to sustain the State-owned company as a going concern. Finance Minister Enoch Godongwana has already rebuffed the utility's attempt to secure money to purchase additional diesel, but is expected to announce details of a debt-relief package in his February Budget. Godongwana indicated in October that between one-third and two-thirds of Eskom's near R400-billion debt could be transferred from Eskom to the National Treasury. In his newsletter, meanwhile, Ramaphosa says he is aware that “everyone is fed up” with loadshedding, but insists that, by implementing the Energy Action Plan, loadshedding will steadily become less severe. “That is why we are using every means at our disposal, calling on every resource we have, to get power onto the grid as a matter of extreme urgency.” There is a big focus, he indicates, on improving plant performance, particularly at the six underperforming power stations of Kendal, Matla, Majuba, Duvha, Tutuka and Kusile. The day before the newsletter was published, Eskom released details of a board- and shareholder-approved generation recovery plan to deliver more than 6 000 MW of Eskom generation over the coming two years. The maintenance-led initiative aims to recover Eskom's energy availability factor (EAF) from an average for the current financial year of 58% to a nominal 60% by the end of March. The goal is then to progressively increase the average EAF to 65% by the end of March 2024 and to 70% by the end of March 2025. Engineering consultant WSP Africa hav...

 If I win the Cell C Ten Thousand Rand Pop Quiz, I will use the money to make my daughter's Encanto themed birthday party dream a reality and pay off my doctor's fees. Wish me luck Joburg!”See omnystudio.com/listener for privacy information.

Many South Africans opted to not partake in this year's shopping extravaganza, while other's spent up to R400,000 on a spree. Stacey and J Sbu get the exclusive scoop on how shoppers in KZN felt:

South Africa's request for a $497-million (about R9-billion) to decommission and repower the Komati coal-fired power plant using renewables and batteries has been approved by the World Bank Group board of executive directors. The last Komati unit was shut at midday on October 31, signalling what Eskom said would be the start of a repowering and repurposing of the site into a renewables, storage, manufacturing and training hub. In a statement the bank said that the ‘Komati Just Energy Transition Project' would be financed jointly through a $439.5-million World Bank loan, a $47.5-million concessional loan from the Canadian Clean Energy and Forest Climate Facility, and a $10-million grant from the Energy Sector Management Assistance Program. The repowering of the plant will involve the installation of 220 MW of clean energy solutions, including 150 MW of solar photovoltaic and 70 MW of wind, supported by 150 MW of batteries. The World Bank said the project would also create opportunities for affected workers and communities, with Eskom having already established a containerised micro-grid assembly factory at Komati and having recently signed a partnership agreement with the South African Renewable Energy Technology Centre of the Cape Peninsula University of Technology, and the Global Energy Alliance for People and Planet to develop a Komati Training Facility. The financing announcement follows closely on the release of the ‘South Africa Country Climate and Development Report' by the World Bank, which estimates that South Africa's transition to net-zero will require total incremental financing of R8.5-trillion to 2050 and that the funding gap could be closed only with the support of external resources. The report also reiterated that renewable energy represented the quickest and cheapest pathway out of South Africa's long-running electricity crisis and that two to three more jobs would be created by pursuing such a pathway when compared with the 300 000 jobs that are likely to be shed in high-emitting sectors. It did warn of a timing and spatial mismatch in the labour market, however, and indicated that government interventions would be required to assist vulnerable workers. The financing package also follows a statement by Finance Minister Enoch Godongwana reaffirming his commitment to the government's Just Energy Transition framework, after having made comments earlier in the week that were interpreted as being pro-coal, gas and nuclear. He denied that the National Treasury's plan to take over a portion of Eskom's debt would be conditional on the utility investing in such technologies. Details of the debt transfer, which will involve between one-third and two-thirds of Eskom's R400-billion debt, would be announced in the February Budget. The finance package was also announced only days ahead of the start of the COP27 climate talks scheduled to take place in Egypt and where South Africa is expecting to unveil a Just Energy Transition Investment Plan, or JET-IP, which could help unlock $8.5-billion in climate financing, primarily in the form of concessional loans as well as some grants, from France, Germany, the US, the UK and the European Union. The World Bank stressed that the Komati project was aligned with the country's Just Transition Framework, which aimed to minimise the socioeconomic impacts of the climate transition, improve the livelihoods of those most vulnerable, and embrace the opportunities stemming from the transition. GLOBAL REFERENCE It added that the repowering and repurposing of the Komati coal-fired plant was a demonstration project that could serve as a reference on how to transition fossil-fuel assets for future projects in South Africa and around the world. The project, the bank said, would provide learning experiences through a cycle of piloting, monitoring, assessing, documenting, and information sharing. “Reducing greenhouse gas emissions is a difficult challenge worldwide, and particularly in South Af...

10 questions, 60 seconds and R10 000! Mildred "If I win the Cell C Ten Thousand Rand Pop Quiz,  Nolundi "I will use the money to buy stock for my new mobile kitchen business"See omnystudio.com/listener for privacy information.

Midtier Africa-focused gold producer Pan African Resources is effectively building a new internally-funded underground gold mine on two levels of the Evander underground gold mine in Mpumalanga, CEO Cobus Loots said on Wednesday when the company reported record production for the 12 months to June 30 and distributed more than R400-million in dividends. A video flighted at the results presentation described Evander as possibly one of the world's largest unexploited gold orebodies. The addition of 24 level, and now 25 level and 26 level, has given Evander Mines a life-of-mine of 14 years, with increased expected gold production. The 25/26 level project will be funded by internal cash flows assuming a reasonable gold price environment. “The Evander underground has been a real success story for Pan African in recent years and we look forward to ramping up this operation further in the years ahead,” Loots told Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.) The underground team, which also delivered an excellent safety performance, produced almost 50 000 oz at the low all-in sustaining cost of $1 100/oz. The 25 and 26 levels project will require two years of fairly elevated capital to execute and then have the benefit of the expenditure for more than ten years. The current low-cost Evander 8 Shaft operation is focused on the mining of the shaft pillar, from which high-grade ounces are extracted. Pan African's use of underground support packs allows for extraction of the shaft pillar while providing permanent support for the shaft. This allows mining to continue at the lower 24, 25 and 26 levels. This provides access to more than 500 000 oz of gold using infrastructure that is already in place, which allows the company to reap the benefits of sunk capital spent over a decade of mining. Experience gained and the many upgrades already completed at Evander underground have laid the groundwork for further quick-payback life extensions, which is good news for its investors, the surrounding communities and supply-chain companies dependent on the mine. The 24/25 levels project is not only on track to deliver its first production on schedule in 2023 but is paving the way for the provision of 65 000 oz of gold a year for more than eight years – and significantly extends the life of the operation. “What we're doing at Evander underground is very exciting. Evander underground is certainly not without a checkered past. In 2018, we had to press the reset button and basically put the underground on care and maintenance, and we looked at the options and we then commenced with pillar mining on a shaft pillar at 8 Shaft, and that's been a fantastic success for Pan African. “It's safe, it's generated great cash flows, and it also has allowed us the opportunity of relooking at the design for 24 to 26 level, and [to] come up with development and execution plans, so that's what we're busy with now,” Loots told Mining Weekly. “Two weeks ago, I visited the new fridge plant on 24 level. The F line is ready to be mined on 24 level, and there are a number of improvements. We've changed the layout to an on-reef development layout for 25/26, which means that there'll be very limited waste. “We're equipping a ventilation shaft that runs up to 17 level to do hoisting, which means you cut out a massive number of conveyors, so that improves your mine call factor and your ability to produce. “You have a new fridge plant and new infrastructure close to the face and then a number of other improvements also in terms of ore storage etc. This will be a great operation for us in the years to come. It's a world class reserve that we have there. “To top it all off, we obviously have our first solar plant up and running at Elikhulu. It's been a great success for us and we'll expand that solar footprint to also take care of a lot of the underground energy requirements and that's going to also bring down the cost of production,” said Loots. In...

Engineering and contracting group Murray & Roberts (M&R) says its Southern Africa-focused business platform, which has shrunk materially and has been lossmaking for a number of years, is at the point of a “breakthrough”, underpinned by South African renewables and transmission activities that are starting to gain momentum. Known as the power, industrial and water platform, the unit is the smallest of the JSE-listed group's three platforms by far and is also the only one leveraged entirely to project activity in M&R's home market of South Africa and to the Southern Africa region. The platform's order book of only R400-million is dwarfed by the R37.2-billion backlog of M&R's energy, resources and infrastructure platform, which operates under the Australian Clough brand. It is also insignificant relative to the mining platform, which has a R21.9-billion order book. M&R has faced persistent questions about the platform's ongoing relevance, particularly as it struggled in recent years to replenish its order book as construction activities at Eskom's Medupi and Kusile coal projects tapered, and losses began mounting. However, CEO Henry Laas is optimistic that the platform, which reported a R155-million loss in 2022, could finally return to profitability during the 2023 financial year, particularly if projects associated with South Africa's disrupted and delayed renewables procurement programme reach financial close. M&R has secured several contracts related to Bid Window Five of the Renewable Energy Independent Power Producer Procurement Programme, which were initially scheduled to reach financial close in April, but which had the deadline postponed after preferred bidders experienced delays in receiving grid connection budget quotes from Eskom. Platform CEO Steve Harrison says there is an expectation that at least some of the 25 preferred bidders will reach financial close during September and reports that the company has already started with early works for three wind farms and at a substation linked to the programme. The contracts are not yet reflected in the platform's order book but are represented in what it describes as near orders worth R1.9-billion. Harrison reports that it is also receiving enquiries weekly with regards to distributed renewables projects, interest in which has increased significantly after President Cyril Ramaphosa lifted the licence-exemption cap. The cap was initially raised from 1 MW to 100 MW, but has since been lifted entirely. He also expects orders to begin to flow in light of the increasingly urgent need to strengthen the Eskom transmission grid, particularly in the Cape provinces where South Africa's best wind and solar resources can be found. The platform is also eyeing a major public-private partnership in the area of water treatment, a market where significant pent-up demand has also developed. Overall, however, the group's prospects are leveraged primarily to the fortunes of its mining and its energy, resources and infrastructure platforms, whose activities are focused mostly in markets outside of Southern Africa. In fact, only 17% of M&R's R59.5-billion order book is located in Southern Africa, with all of the energy, resources and infrastructure platform's R37-billion backlog located in international markets. In addition, most of its revenue and earnings will continue to arise from outside Southern Africa. In 2022, the group's revenue increased to R29.9-billion, from R21.9-billion, and Laas said it would continue to rise and that he expected revenue to increase to about R40-billion. Nevertheless, Laas described the investments in developing utility scale renewables as an opportunity in South Africa “which we haven't had for a long period of time”.

Engineering and contracting group Murray & Roberts (M&R) says its Southern Africa-focused business platform, which has shrunk materially and has been lossmaking for a number of years, is at the point of a “breakthrough”, underpinned by South African renewables and transmission activities that are starting to gain momentum. Known as the power, industrial and water platform, the unit is the smallest of the JSE-listed group's three platforms by far and is also the only one leveraged entirely to project activity in M&R's home market of South Africa and to the Southern Africa region. The platform's order book of only R400-million is dwarfed by the R37.2-billion backlog of M&R's energy, resources and infrastructure platform, which operates under the Australian Clough brand. It is also insignificant relative to the mining platform, which has a R21.9-billion order book. M&R has faced persistent questions about the platform's ongoing relevance, particularly as it struggled in recent years to replenish its order book as construction activities at Eskom's Medupi and Kusile coal projects tapered, and losses began mounting. However, CEO Henry Laas is optimistic that the platform, which reported a R155-million loss in 2022, could finally return to profitability during the 2023 financial year, particularly if projects associated with South Africa's disrupted and delayed renewables procurement programme reach financial close. M&R has secured several contracts related to Bid Window Five of the Renewable Energy Independent Power Producer Procurement Programme, which were initially scheduled to reach financial close in April, but which had the deadline postponed after preferred bidders experienced delays in receiving grid connection budget quotes from Eskom. Platform CEO Steve Harrison says there is an expectation that at least some of the 25 preferred bidders will reach financial close during September and reports that the company has already started with early works for three wind farms and at a substation linked to the programme. The contracts are not yet reflected in the platform's order book but are represented in what it describes as near orders worth R1.9-billion. Harrison reports that it is also receiving enquiries weekly with regards to distributed renewables projects, interest in which has increased significantly after President Cyril Ramaphosa lifted the licence-exemption cap. The cap was initially raised from 1 MW to 100 MW, but has since been lifted entirely. He also expects orders to begin to flow in light of the increasingly urgent need to strengthen the Eskom transmission grid, particularly in the Cape provinces where South Africa's best wind and solar resources can be found. The platform is also eyeing a major public-private partnership in the area of water treatment, a market where significant pent-up demand has also developed. Overall, however, the group's prospects are leveraged primarily to the fortunes of its mining and its energy, resources and infrastructure platforms, whose activities are focused mostly in markets outside of Southern Africa. In fact, only 17% of M&R's R59.5-billion order book is located in Southern Africa, with all of the energy, resources and infrastructure platform's R37-billion backlog located in international markets. In addition, most of its revenue and earnings will continue to arise from outside Southern Africa. In 2022, the group's revenue increased to R29.9-billion, from R21.9-billion, and Laas said it would continue to rise and that he expected revenue to increase to about R40-billion. Nevertheless, Laas described the investments in developing utility scale renewables as an opportunity in South Africa “which we haven't had for a long period of time”.

Coal mining and exporting company Thungela, which generated R8.9-billion free cash in the first six months to June 30, is sharing R500-million of it with employees and communities, is setting out to plant a million trees to purify water, is putting in solar power to reduce its carbon footprint as it charts a pathway to net zero, has introduced a programme to uplift small enterprises, is opening a new replacement colliery, and is going out of its way to ensure that Mpumalanga is not left behind when the province transitions out of coal. Taking into account the latest interim dividend as well as the R137-million Thungela distributed earlier this year, every one of the company's 4 500 qualifying employees will get about R100 000 each while the community trust works on how to best use the nigh-R400-million contributed to it to ensure that the trust outlives the mines. The Johannesburg- and London-listed company is trialling water management technologies involving phytoremediation and taking environmental protection steps under its environmental, social and governance (ESG) commitments. Twenty thousand trees have already been planted, of a kind that are able to lock up the sulphates and heavy minerals in the mine contaminated water so that cleaner water can be discharged. A 4 MW solar photovoltaic plant is going up at Thungela's Zibulo mine and the upcoming Elders mine, a replacement mine, will be solar powered as well. The Department of Water and Sanitation (DWS) has approved its remediation plan to restore the river system that was polluted by a spill into the Kromdraaispruit and Wilge river, and the former Kleinkopje mine is being held up as an example of how mine land can be returned to sustainable use. Seen as encouraging by the company are recognition by the Intergovernmental Panel on Climate Change (IPCC) that carbon removal technologies, such as carbon capture, storage and use (CCSU), will have to play a role in helping to meet global climate change mitigation targets, as well as the work being done by the US'Environmental Protection Agency (EPA) to find more uses for carbon dioxide (CO2) once it has been captured. These and many more points were made by Thungela CEO July Ndlovu in a Teams interview with Mining Weekly. (Also watch attached Creamer Media video.) Mining Weekly: How is the R500-million being distributed to workers and community members? There are two trusts, and each one is going to get R250-million. The Employee Partnership Plan involves roughly 4 500 qualifying employees, and if you take what we distributed in respect of 2021, and this dividend, it equates to roughly R100 000 per qualifying employee. The other trust, the Nkulo Community Partnership Trust, has got its own rules, and they are working on how to use almost R400-million made in the first year to begin to build a trust that can outlive the life of our mines. What is your new Thuthukani programme doing to uplift enterprises in Mpumalanga? Thuthukani is another intervention that we have put in place to ensure that we not only incubate small- to medium enterprises, but also give them the skills, as well as access to lending, because that is usually one of the more difficult things. Over and above that, we want to ensure that they've got access to opportunities. That's what that incubation and supply development programme is meant to do. What is Thungela doing to improve the environment under its ESG commitments? We said we will, in the first instance, think broader in terms of ESG, beyond what everyone usually does, which is talk to a subset of ‘E', which is only the emissions rather than the environment. We think about it holistically. Having said that, strategically we have also said that we want to spike on the ‘S' - our employees, communities, and the small-to-medium enterprises in the areas where we operate. Equally, spiking on ‘S' talks to what I spoke to first in our results, which is our commitment to run a fatality-free business, and I'm ...

Guest: Brendan Fogarty The Bishops Diocesan College school community raised over R400 000 in aid of VUSA Rugby & Learning Academy in Langa during a 24-hour cycle challenge this past weekend. More than 175 people in 23 teams rode their hearts out from 3pm on Saturday until 3pm Sunday.See omnystudio.com/listener for privacy information.

Three men have appeared in the Athlone Magistrate's Court today in connection with a R400-million cocaine bust.  Senior Expert at the Global Initiative Against Transnational Organized Crime, Jason Eligh joins John to discuss. See omnystudio.com/listener for privacy information.

Guest: Ronald Masinda | Reporter at EWNSee omnystudio.com/listener for privacy information.

The Hawks have made a massive drugs bust, seizing a large consignment of cocaine worth more than R400 million in the Western Cape.

Guest:  Carol Paton joins John from Fin 24 to bring the details of her News 24 Excusive on the credible solution that Treasury is working on to solve Eskom's R400 bn debt. See omnystudio.com/listener for privacy information.

Die hotelbedryf trek steeds swaar in die nadraai van die pandemie. SANCA sê die misbruik van dagga onder jong mense neem toe. Afrika het meer as R400-miljard per jaar nodig om elektrisiteit aan almal te verskaf.

Umgeni Water is hoping to recoup as much as it can, from around R400 million wasted through alleged tender irregularity and corruption

Deputy Ombudsman for Long-term Insurance, Denise Gabriels, speaks to John Maytham about their annual report, which states that close to R400 million has been paid to people who lodged claims with the ombuds for Long-Term and Short-Term Insurance in the last financial year. See omnystudio.com/listener for privacy information.

Every single morning on 947, you can stand a chance to win in the R10 000 Pop Quiz. See omnystudio.com/listener for privacy information.

In this episode: Kickstarter's most successful campaign ever raises almost R400 million for some fantasy novels Watch the United Launch Alliance's Atlas V GOES-T launch highlights in under two minutes A wordle that speaks to you Tech Byte airs daily from Monday to Friday. For the latest tech news, be sure to follow Stuff on Twitter, Facebook and Instagram or head on over to our website.

10 Questions. 60 Seconds. R10,000 is up for grabs! Play the R10,000 Pop Quiz brought to you by Standard Bank Group's MyMo Plus Account on #AneleAndTheClubOn947 every weekday morning. Enter TODAY >> https://buff.ly/3Dqmlif#GoldenMoments#ItCanBe See omnystudio.com/listener for privacy information.

10 Questions. 60 Seconds. R10,000 is up for grabs! Play the R10,000 Pop Quiz brought to you by Standard Bank Group's MyMo Plus Account on #AneleAndTheClubOn947 every weekday morning. Enter TODAY >> https://buff.ly/3Dqmlif#GoldenMoments#ItCanBe See omnystudio.com/listener for privacy information.

In this week's episode of the #MoneyMagic series, I sit down to chat with one of my private clients, Phumla Ngema about paying off all her debt in 4 months.   Phumla is South African, but she lives and works as a paramedic in Abu Dhabi, the UAE.   In this episode she shares how she started working at 17 and started supporting her family when she was making R250 (less than US$20) a month because growing up she'd seen her mom support 30 people on her teacher's salary, so she just followed in her mom's footsteps.    She shares how she first suspected that her relationship with money was about more than just money and budgeting when she was working in the military and was paid R400,000 (US$25,800) lump sum for being stationed outside South Africa.   She tried to save the money but ended up using it all up, despite her best efforts. When this happened again to her when she got a R300,000 lumpsum, she realized there was more to money than what she thought.   She started following Instagram coaches and along the way bumped into the work I teach at Wealthy Money; she downloaded the free eBook and started doing the exercises, signed up for the Bank Account Challenge at the beginning of 2020 and in May 2020 became a private client.   In this interview she shares her journey to being debt-free and how she managed to pay off R360,000 in debt in the space of 4 months and how as she started to heal her own trauma she was able to set financial boundaries with her family and how that has led to incredible financial shifts for her siblings, cousins and her mom.    Her mom has even bought herself her own dream car, her brother and cousins got jobs, all within 4 months!   This is another awesome episode, that reminds us that when we heal our money trauma and change our approach to money within our family from a non-wounded space (because sometimes we do make changes but we do it from a wounded space that does more damage than good), everyone gets permission to expand.   GRAB YOUR CUP OF TEA AND YOUR JOURNAL, CLICK PLAY ON THE VIDEO BELOW AND DIG IN, YOU ARE IN FOR A TREAT.   If this resonated with you and you are done working hard but not seeing the financial results of your work, then I invite you to check out and register for the Money Magic course. Click here to register/ sign up for the wait list for the Money Magic Course.   You can also download the free eBook here:  weathy-money.com/workbook

Reviewing results Simon Shares Feedback on making sense of SENS AVI (JSE code: AVI) results show good numbers in a tough market. People tend to look to Pioneer (JSE code: PFG) or TigerBrands (JSE code: TBS) but this is the real gem in the space with a dividend yield of 4%. Holdsport (JSE code: HSP) trading update shows increased comparable sales growth, but after inflation they're going backwards. I never been a fan of this business albeit the share is up some 100% in the last five years, around 15% a year which is nice, but average? But then add a chunky dividend that currently yields 5%, can they hold the dividend or even increase it? I suspect they can but I still not interested. Clover (JSE code: CLR) were good considering the tough times with drought yet they had an over supply of milk? I used to own this stock but they weren't growing and expanding as I had expected so I exited. Sasol (JSE code: SOL) results came in as expected albeit with help from translations gains (FX moving in their favour) and a tax issue in Nigeria together adding almost R2.7billion. Point is they make a profit even at the low point of the cycle, that's impressive. Lake Charles remains their massive deal. I continue to hold Sasol and below R400 it is cheap but I am not buying more until Lake Charles is completed and we see if starting to make money rather than cost money. Richemont (JSE code: CFR) update is ugly, sales down across the board with operating profit for the six months ending September expected to be down 45%! Some of this is restructuring but sales are weak. I hold the stock and continue to hold but it not fun right now. Adding to this is the SENS on the AGM voting, no real disclosure just "all other matters on the agenda were also approved by the shareholders by an overwhelming majority.". Not good enough. Burger King, owned by Grand Parade (JSE code: GPL) saw average monthly sales per store decline 20% to R800k / month. That is a massive drop. They also have the brand rights to Dunkin' Donuts and Baskin-Robbins, neither of which excites me. The leader in this space remains Famous brands and that's the one I own. Last week Wealth Creation 101 video is online. Go watch it. Next Tuesday, 20th, we have our third Trading Master Class with IG focusing on reversal patterns. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.