The Money Show Primedia Broadcasting

In the near future, Cilo Cybin Holdings intends to make other acquisitions in the biotech and medical cannabis industries.The group plans to list as a special purpose acquisition vehicle (SPAC) on the AltX on June 25 and hopes to go public in the US in the coming years. The company is searching both locally and internationally for the acquisition of distribution companies and other branded products. To provide further details, Gabriel Theron, the founder and CEO of Cilo Cybin, speaks to host Motheo Khoaripe.
 In the current fiscal year, the government anticipates earning over R89 billion from the general gasoline charge, which brings its total revenue over the last ten years to over R730 billion. Although this month's high prices for gasoline and diesel provided some respite for South Africans, the cost of fuel is still more than 50% more than it was two years ago and almost twice as high as it was ten years ago.
Telkom SA SOC Limited has released enhanced financial statements for the fiscal year that concluded on March 31, 2024, demonstrating a more resilient and powerful operational performance from the business. Despite inflationary pressures, the positive outcomes are achieved. The sustained demand for next-generation offerings was the primary driver of increased operating margins.
The Montana facility was purchased by Sibanye-Stillwater shortly before palladium prices surged. They have since collapsed, and the business is now compelled to renegotiate agreements related to its enormous debt. Arnold van Graan, Head of Market Research at Nedbank, joins host Motheo Khoaripe to explain the ins and outs of this deal
See omnystudio.com/listener for privacy information.

Young people are gambling more and more these days, frequently lured by the excitement of taking risks and the possibility of rapid financial gain. The Financial Section Conduct Authority (FSCA) is cautioning young people about the risks of gambling during Youth Month. Gambling may become an addiction and cause financial losses that can have a devastating impact on families. Claire Heckrath talks with host Motheo Khoaripe to provide us with an understanding of the research that was done.
The goal of potential adjustments to import taxes is to level the playing field for both domestic and foreign competitors in South Africa's textile and clothing sector, not to harm consumers. Next month, Temu and Shein will impose additional taxes on small-volume, low-value garment orders.
Last week, Dan Marokane, the new leader of Eskom, visited the Medupi power station outside of Lephalale on a "healing" mission. It was his first visit to Medupi since he was suspended by Eskom in 2015. Marokane was one of four top managers suspended, including the head of group capital at the time who oversaw Eskom's development projects. With host Motheo Khoaripe, Mthunzi Luthuli, Managing Director of Luthuli Corporation, talks about the first 100 days of Dan Marokana's administration and the 81 days without load shedding.
SA Inc. shares, which are stocks of businesses that generate the majority of their revenue in South Africa, surged in value on Friday following the signing of a framework agreement by the ANC, DA, and IFP to establish a government of national unity (GNU). The idea of a government coalition including pro-nationalization parties like the EFF and MK has alarmed international businesses. According to Bloomberg, the South African bank stock index hit a record high earlier on Friday, rising about 6% at one point, marking the largest increase since November 2020. John Biccard, the Ninety One Value Fund's portfolio manager, discusses with host Motheo Khoaripe.
See omnystudio.com/listener for privacy information.

In an interview with host Bruce Whitfield, Professor Patrick Bond discusses this week's political events, including Cyril Ramaphosa's re-election, the new GNU, the response from opposition parties like the EFF and MK, the market's reaction, and traders' current expectations of potential rate cuts due to GNU optimism. 
In a stunning validation of his leadership, shareholders of electric carmaker Tesla voted to reinstate Elon Musk's $44.9 billion (R830 billion) incentive plan. Michael Treherne  Portfolio Manager at VestAct Asset Management joins host Bruce Whitfield to provide additional context. 
Zwelakhe Mnguni the CIO of Benguela Global Fund Managers speaks to host, Bruce Whitfield and analyses top business and financial news of the day. 
Where the commonplace turns unusual is called Obscura. Tucked away in Rosebank, South Africa's bustling centre, Obscura is more than simply a pub; it's an experience that transcends convention. Taking a unique approach is at the core of Obscura. Our expertly prepared food and drinks take your taste buds on a voyage through flavours that awaken your senses and alter your ideas about the traditional way of doing things. .... speaks to host Bruce Whitfield to tell us more. 
See omnystudio.com/listener for privacy information.

BYD (Build Your Dreams), a Chinese firm, has secretly unveiled South Africa's cheapest electric automobile. The new BYD Dolphin is a mid-sized electric hatchback comparable to the Toyota Corolla and Mazda3. Dolphin offers two versions, with pricing starting at R539,900 for the base model and R599,900 for the extended range. 
The latest news that will surprise readers and the South African media establishment is discussed by host Bruce Whitfield and William Bird of Media Monitoring Africa. Media24 plans to liquidate a number of its prominent print magazines, including City Press, Rapport, Beeld, and Daily Sun. It is acknowledged that October is when the axe might fall. The decision to close them has been independently verified by four individuals within the media company. 
Should businesses give their employees digital gadgets, such as watches or rings, to track their health? It's a major violation of privacy, but on the other side, it might be helpful as a gauge of mental and physical health. What would happen if one chose to opt out? Dave Kitely joins host Bruce Whitfield to discuss if and how this would work.  
Chief Excitement Officer Allon Raiz speaks to host Bruce Whitfield about small businesses and the Flowcode strategy, which is a system designed to assist companies in developing a plan that is bespoke to them. Which debuted roughly a month ago. 
See omnystudio.com/listener for privacy information.

SPAR's continued although the operating settings were difficult, SPAR's ongoing operations had a mixed performance. The Group's ongoing operations in South Africa, Ireland, South West England, and Switzerland had a 7.9% growth in turnover, amounting to R77.2 billion. Inflationary cost pressures and persistently high interest rates have put strain on businesses and consumers alike in all regions. Considering the difficult operating conditions, continuing operations produced a mixed performance. The Group's ongoing operations in South Africa, Ireland, South West England, and Switzerland had a 7.9% growth in turnover, amounting to R77.2 billion. Inflationary cost pressures and persistently increasing interest rates have put pressure on businesses and consumers alike in all regions. Angelo Swart, CEO of Spar Group, talks with host Bruce Whitfield to provide further information. 
The Johannesburg High Court ruled that renowned law firm Edward Nathan Sonnenberg Inc. (ENS) was culpable for the woman's fall victimization to a common cybercrime known as "business email compromise" (BEC), and that the firm was ordered to pay the woman R5.5 million plus interest in addition to her legal fees. However, the Supreme Court of Appeal reached a different decision this week, sustaining ENS's appeal against the six-month-old ruling. Judith Hawarden's claim was dismissed by the SCA along with two attorneys' fees. Our consumer ninja Wendy Knowler speaks with host Bruce Whitfield to shed more light on the situation. 
Sumayya Vally, an internationally acclaimed South African-born architect, takes Bruce Whitfield on a journey through the convoluted but fascinating world of design. She is the founder and principal of Counterspace, an architecture and research organization. She climbed to notoriety and the spotlight at an early age, garnering international praise in the field of architecture. Vally is inspired by Johannesburg and its surroundings. 
See omnystudio.com/listener for privacy information.

The Group's success was made possible by Premier's unwavering focus on margin management, upskilling our workforce, and optimizing operational efficiencies. Despite financial limitations, Premier has been able to deliver on its investment case with resiliency and dedication to its goal because to R6 billion in capital expenditures over the previous ten years. Premier Group CEO Kobus Gertenbach joins with host Bruce Whitfield to help us comprehend these results.
In recent months, a number of phishing schemes that target eFiling taxpayer profiles have surfaced, leading to the hacking of taxpayer profiles and the takeover of businesses. The major goal of scammers is to change banking information and login credentials so they may later file fake value-added tax (Vat) returns that are paid to the scammer's bank account. Host Bruce Whitfield speaks to Jean-Louis Nel, tax attorney at Van Huyssteens Commercial Attorneys, on how to safeguard your account and why and how the South African Revenue Service (Sars) will hold a taxpayer accountable if the fraud originates within the firm.
In just over four years, Plato Coffee, a South African success story, has grown from its humble beginnings selling coffee out of a container in Centurion to a thriving empire with 58 outlets nationwide. Today, Plato Coffee employs about 350 people throughout South Africa, runs 20 corporate-owned and 38 franchise locations, and has a state-of-the-art roastery. Host Bruce Whitfield speaks to brothers Stephan and Petrus Bredel, the creators of Plato Coffee, about their adventure.
Can a family handle personal finance management together? Create a family budget, discuss the five wellbeing areas and what they mean, set clear financial goals, review and maximize insurance, plan ahead for future expenses, teach children financial responsibility, use technology and financial tools wisely, hold regular family meetings, and seek professional advice. Bruce Whitfield is joined by Gugu Sidaki, Director and Wealth Manager at Wealth Creed, as she discusses how to have a family.
See omnystudio.com/listener for privacy information.