In this episode, Bruce talks to Tyme’s new CEO, Cheslyn Jacobs, who strikes a defiant tone toward the big players in the market. Also on the show is the CEO of Yaga CEO Aune Aunapuu, who started the online second-hand clothing marketplace in 2017. It launched in South Africa five years ago, which is now its biggest market, with annual revenue growth of 80%.Meryl Pick, Old Mutual Investment Group Head of Equities Research, gives her view on how Pepkor’s fintech push is paying off. She also talks about Optasia, the newly JSE-listed Dubai-based fintech firm, and trade tensions between the US and China. Also discussed on the programme: how Canal+ plans to save DStv, the botched process to appoint a new Gautrain operator, and welcome changes to the planned Transformation Fund. Certified financial planner Warren Ingram shares practical tips on building wealth. This podcast is sponsored by Capitec. To catch every episode of Bruce Whitfield’s Business Week, click the follow and subscribe buttons on News24’s Spotify, Apple and YouTube podcast channels. Editions drop on Thursdays at 17:00.
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31:03
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31:03
The JSE stock that you didn't know existed. Plus: Pick 'n Pay for profit
In this episode, Bruce talks to Pick n Pay CEO Sean Summers about the “extraordinary response” he received after his public criticism of online betting. Summers also discusses Pick n Pay’s succession plans as it progresses in its “reset” from a troubled past, and targets break-even by 2028. Chantal Marx, head of investment research and content at FNB Wealth and Investments, gives her view on whether the loss-making retailer will be able to achieve this target. She also looks at the share price crash in WeBuyCars, as well as this week’s mixed fortunes of the world’s biggest tech groups.Also on the show is the CEO of Optasia, the Dubai-based fintech firm that has shot into the spotlight as it prepares for a JSE listing next week.FirstRand just took a 20% stake in the group, with Salvador Anglada discussing the group’s partnerships with various local companies. Certified financial planner Warren Ingram shares practical tips on building wealth.
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45:43
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45:43
Clicks goes off brand. Plus: SA’s cider craving
In this episode, Bruce talks to Bertina Engelbrecht, CEO of Clicks, SA’s biggest pharmacy retailer. She details the group’s strong shift to private-label goods, generic medicines and exclusive products, and its strategy to cater for shoppers who range from low-income to “LSM 10-plus”. Also on the show is Derek Szabo, outgoing group CEO of Signal Hill Products Group, which owns beer brands like Devil’s Peak, and which was part of a group that bought Strongbow cider from Heineken. The company has just invested in a multibillion-rand new brewery in Gauteng. He talks about how the group managed to survive after many other craft-beer makers imploded in recent years. Markets legend David Shapiro of Sasfin gives his views on the violent correction in the gold price this week, as well as how South African consumers are shaping up. Certified financial planner Warren Ingram shares practical tips on building wealth.
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37:09
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37:09
Gloves off for Boxer. Plus: Pesto Princess preps for exit
In this episode, Bruce talks to the CEO of the discount retailer Boxer, Marek Masojada, about being with the business for more than 30 years, from when it only had five stores. Now at 500 stores, the group is still expanding - and eyeing next year’s final scrapping of exclusivity clauses in South African malls. Bruce also gets food startup tips from Kathleen Quillinan, who founded the successful food brand Pesto Princess 25 years ago. Since mortgaging the family house to build a factory, she is now slowly getting ready to exit the business, but first has big ambitions of something she wants to achieve. Schalk Louw, portfolio manager and strategist at PSG Wealth, gives his insights into a brand-new big food-sector deal that could see the owner of Blue Ribbon and Snowflake buy the owner of Bull Brand. He also talks gold. Certified financial planner Warren Ingram shares practical tips on building wealth. Also on the show: Why SA CFOs (especially women) are getting a big pay bump, and the fallout of the US-China trade war. This podcast is sponsored by Capitec. To catch every episode of Bruce Whitfield’s Business Week, click the follow and subscribe buttons on News24’s Spotify, Apple and YouTube podcast channels. Editions drop on Thursdays at 17:00.
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43:06
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43:06
Has SA reached peak padel? Plus: Reviving our mines
In this episode, Bruce talks to Bernard Swanepoel, former Harmony Gold CEO and chairperson of the Joburg Indaba, about why South Africa - the world’s premier mining country - now find itself under-explored. They also highlight some of the green shoots that are seen in the local sector, and Swanepoel talks about the surge in gold prices. Bruce also speaks to Steve Brookes, CEO and founder of the JSE-listed property developer Balwin Properties, about South Africa’s padel craze - and whether money can still be made from it. Jean Pierre Verster, founder and CEO of Protea Capital Management, gives his insights into a new listing heading to the JSE and a few other shares that made headlines this week, while certified financial planner Warren Ingram shares practical tips on building wealth. This podcast is sponsored by Capitec. To catch every episode of Bruce Whitfield’s Business Week, click the follow and subscribe buttons on News24’s Spotify, Apple and YouTube podcast channels. Editions drop on Thursdays at 17:00.
Bestselling author and broadcast legend Bruce Whitfield returns with a bold new News24 podcast. Bruce Whitfield’s Business Week won’t waste your time. Instead, each episode will focus on the one business news story that will change your world.
Listeners will also get investment and personal finance advice from top experts, and the inside track on SA’s most successful hustles. Join us every Thursday at 17:00.
South Africa